Get the free Non-lapsing death benefit nomination form - Suncorp

Suncorp Employee Superannuation Plan Nonlapsing death benefit nomination form Suncorp Portfolio Services Limited (Trustee) ABN 61 063 427 958 ADSL 237905 RSE L0002059 Issued 29 October 2011 Please

How to fill out non-lapsing death benefit nomination

How to fill out a non-lapsing death benefit nomination:

1. First, gather all the necessary information and documents. You will need the policyholder's personal details, such as their name, date of birth, and address.
2. Obtain the policy number and details of the insurance policy for which you are filling out the non-lapsing death benefit nomination.
3. Read the instructions and guidelines provided by the insurance company regarding the nomination form. This will ensure that you understand the requirements and fill out the form accurately.
4. Begin filling out the nomination form by providing the policyholder's details. Include their full name, date of birth, occupation, and contact information.
5. Specify the relationship between the policyholder and the nominee. You may need to indicate whether the nominee is a spouse, child, relative, or any other beneficiary.
6. Carefully fill out the nominee's information, including their full name, date of birth, address, and contact details.
7. Clearly indicate the percentage of the death benefit that should be given to each nominee. This will help ensure that the benefits are distributed according to your wishes.
8. If there are multiple nominees, be sure to clearly state the percentage for each individual. It is important to be accurate and verify the total percentage should add up to 100%.
9. Double-check all the information provided to avoid any errors or mistakes. Ensure that all the required fields are filled out correctly.
10. Review the completed non-lapsing death benefit nomination form to ensure accuracy and completeness. Sign and date the form before submitting it to the insurance company.

Who needs a non-lapsing death benefit nomination:

1. Individuals who have life insurance policies and want to ensure that their death benefit is distributed according to their wishes.
2. Policyholders who have specific preferences regarding the beneficiaries of their death benefit and want to make sure that their allocation is legally upheld.
3. People who understand the importance of having a non-lapsing death benefit nomination to prevent any lapses in coverage or disputes over the distribution of benefits.
4. Individuals who want to have control over who receives their death benefits and ensure that their loved ones are provided for financially after their passing.
5. Anyone who wants to avoid potential complications or legal battles that may arise if their death benefit is not designated through a non-lapsing nomination.

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What is non-lapsing death benefit nomination?

Non-lapsing death benefit nomination is a form that allows a policyholder to designate a beneficiary to receive the death benefit in the event of their death.

Who is required to file non-lapsing death benefit nomination?

Policyholders who wish to specify a beneficiary to receive the death benefit are required to file a non-lapsing death benefit nomination.

How to fill out non-lapsing death benefit nomination?

To fill out a non-lapsing death benefit nomination, the policyholder must provide the beneficiary's information, sign and date the form.

What is the purpose of non-lapsing death benefit nomination?

The purpose of non-lapsing death benefit nomination is to ensure that the death benefit is paid out to the designated beneficiary.

What information must be reported on non-lapsing death benefit nomination?

The non-lapsing death benefit nomination form typically requires information such as the beneficiary's name, relationship to the policyholder, and contact information.