Get the free Group Life Insurance Beneficiary Designation Form

This form allows employees of Ball State University to designate beneficiaries for their group life insurance policy, including both primary and contingent beneficiaries.

How to fill out group life insurance beneficiary

How to fill out Group Life Insurance Beneficiary Designation Form

1. Obtain a copy of the Group Life Insurance Beneficiary Designation Form from your insurance provider or employer.
2. Read the instructions carefully to understand the requirements.
3. Fill in your personal information at the top of the form, including your name, address, and policy number.
4. Identify the primary beneficiaries by providing their full names, relationships to you, and percentage of the benefit they will receive.
5. If applicable, list contingent beneficiaries who will receive the benefit if the primary beneficiaries are unavailable.
6. Review the completed form to ensure all information is accurate and complete.
7. Sign and date the form as required.
8. Submit the form to the appropriate department, usually your HR department or directly to the insurance provider.

Who needs Group Life Insurance Beneficiary Designation Form?

1. Employees enrolled in a group life insurance plan who want to designate beneficiaries.
2. Individuals seeking to ensure that life insurance benefits are distributed according to their wishes.
3. People who have recently experienced life changes such as marriage, divorce, or the birth of a child and need to update their beneficiaries.

People Also Ask about

What is beneficiary designation under group life insurance policy?

The beneficiary designation form typically allows room for you to name the number of beneficiaries you want and the percentage of the life insurance benefits you want to leave for each beneficiary, but if you do need more room, remember to sign and date any additional designations that you attach to the form.

What is an example of a beneficiary designation?

For example, the account owner could create a beneficiary designation stating that the funds will be distributed to the owner's Trust upon the death of the owner. The Trustee of the owner's Trust would then receive the funds and distribute the funds ing to the terms of the Trust.

Who to put as a life insurance beneficiary?

We recommend that you designate beneficiaries to receive your life insurance benefits. However, if you are happy with the order of precedence(PDF file), you don't have to do anything.

What is SF 2823 used for?

Abstract: Standard Form 2823 is used by any Federal employee or retiree covered by the Federal Employees' Group Life Insurance (FEGLI) Program, or an assignee who owns an insured's coverage, to instruct the Office of Federal Employees' Group Life Insurance how to distribute the proceeds of the FEGLI coverage when the

What is an SF 2823 form for?

Mail Form To SF 2823, Designation For FEGLI Determines how proceeds from the life insurance are distributed.

What happens if you don't designate a beneficiary?

The beneficiary should be someone you can trust to manage the insurance payout and who will make sure any financial burdens are addressed.

How to fill out life insurance beneficiary designation form?

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

For pdfFiller’s FAQs

What is Group Life Insurance Beneficiary Designation Form?

The Group Life Insurance Beneficiary Designation Form is a document that allows policyholders to specify who will receive the death benefit from a group life insurance policy when the insured individual passes away.

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

Generally, any individual who is covered under a group life insurance policy and wishes to designate a beneficiary or change an existing beneficiary must file this form.

How to fill out Group Life Insurance Beneficiary Designation Form?

To fill out the form, the individual needs to provide their personal information, including name and policy number, followed by the names and details of the designated beneficiaries, and sign and date the form.

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

The purpose of the form is to ensure that the death benefits from a group life insurance policy are paid to the chosen beneficiaries according to the policyholder's wishes.

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

The form typically requires personal information of the policyholder, details of the insurance policy, the names and contact information of beneficiaries, and any specific allocation percentages for the beneficiaries.