Get the free Employee Life Insurance Beneficiary Designation Form

This form is used for employees to designate their primary and/or contingent beneficiaries for their life insurance benefits, including Basic Life, Supplemental Life, and AD&D benefits.

How to fill out employee life insurance beneficiary

How to fill out Employee Life Insurance Beneficiary Designation Form

1. Obtain the Employee Life Insurance Beneficiary Designation Form from your HR department or the insurance provider.
2. Read the instructions on the form carefully to understand the requirements.
3. Fill in your personal information, including your name, employee ID, and contact details.
4. Indicate your primary beneficiaries by providing their full names, relationships to you, and their Social Security numbers.
5. If applicable, list contingent beneficiaries for added security in case the primary beneficiaries are unavailable.
6. Review your completed form for accuracy and ensure all necessary fields are filled out.
7. Sign and date the form to validate your designation choices.
8. Submit the completed form to your HR department or insurance provider as instructed, and keep a copy for your records.

Who needs Employee Life Insurance Beneficiary Designation Form?

1. Employees who have company-sponsored life insurance policies and wish to designate beneficiaries.
2. Individuals looking to ensure their life insurance proceeds are paid out according to their wishes after their passing.
3. Anyone wanting to update or change existing beneficiary information due to life events such as marriage, divorce, or the birth of a child.

People Also Ask about

How to fill out a designation of beneficiary form?

Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word “trustee”, or if you cannot provide a trustee, ETF may accept another contact person. The trustee's address.

What would be a valid reason for naming a trust as the beneficiary?

For most people, naming their spouse as the primary beneficiary on a life insurance contract is the standard choice. The idea is that the spouse may depend on the income the insured person provides, and the life insurance proceeds will make up for that lost financial support.

What happens if I don't designate a beneficiary?

For retirement accounts like a 401(k), if you die without a beneficiary named, your assets will likely be held in probate — a legal process where a court has to sort out your financial situation and determine how to distribute your assets.

What is an SF 2823 form for?

The application you fill out to apply for a life insurance policy will have an area where you are asked to write the name of your beneficiary (or “names” if you want more than one beneficiary). After the insurance company approves your policy and it goes into effect, your beneficiary is set.

What is SF 2823 used for?

Form SF-2823 is used to designate a beneficiary or beneficiaries to receive payment of your account balance after your death. It is intended for federal employees covered by the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS).

What is an example of a beneficiary designation?

1. Complete an SF 2823, Designation of Beneficiary, FEGLI. You can designate a person or institution as a trustee under the terms of a trust agreement to receive the life insurance benefits upon your death.

For pdfFiller’s FAQs

What is Employee Life Insurance Beneficiary Designation Form?

The Employee Life Insurance Beneficiary Designation Form is a document that allows an employee to designate who will receive the proceeds of their life insurance policy in the event of their death.

Who is required to file Employee Life Insurance Beneficiary Designation Form?

Typically, all employees who have life insurance policies through their employer are required to file the Employee Life Insurance Beneficiary Designation Form to ensure their benefits are distributed according to their wishes.

How to fill out Employee Life Insurance Beneficiary Designation Form?

To fill out the form, an employee needs to provide their personal information, details about the insurance policy, and the names and contact information of the designated beneficiaries.

What is the purpose of Employee Life Insurance Beneficiary Designation Form?

The purpose of the form is to ensure that life insurance benefits are paid to the correct individuals designated by the employee, thereby providing financial support to their chosen beneficiaries.

What information must be reported on Employee Life Insurance Beneficiary Designation Form?

The information that must be reported includes the employee's name, policy number, beneficiary names, their relationship to the employee, and their contact details.