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DePaul University Human Resources Employee Life Insurance Beneficiary Designation Form Last Name First Name MI Department Social Security Number Extension Designate your primary and/or contingent
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What is employee life insurance beneficiary?
Employee life insurance beneficiary refers to the person or entity designated to receive the benefits of an employee's life insurance policy in the event of their death.
Who is required to file employee life insurance beneficiary?
The employee or policyholder is required to file an employee life insurance beneficiary designation. It is important for the employee to update their beneficiary designation as needed.
How to fill out employee life insurance beneficiary?
To fill out an employee life insurance beneficiary designation, the employee must provide the name, contact information, and relationship of the beneficiary. This can typically be done through the insurance company's forms or online portal.
What is the purpose of employee life insurance beneficiary?
The purpose of an employee life insurance beneficiary is to ensure that the benefits of the policy are paid out to the designated person or entity upon the employee's death. It helps provide financial support to the beneficiary during a difficult time.
What information must be reported on employee life insurance beneficiary?
The employee is required to report the beneficiary's name, contact information, and relationship to them. Additionally, some insurance companies may require additional information such as the beneficiary's social security number or date of birth.
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