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This form is used to designate beneficiaries for the death benefit payable under the Travel Accident Insurance Program provided by Concordia Plan Services.

How to fill out beneficiary designation form

How to fill out BENEFICIARY DESIGNATION FORM

1. Start with the title of the form and read any introductory instructions.
2. Provide your personal information, including your full name, address, and contact details.
3. Identify the account or policy for which you are designating a beneficiary.
4. List the primary beneficiaries by providing their names, relationship to you, and percentage of the benefit they will receive.
5. If desired, include contingent beneficiaries who will receive the benefit if the primary beneficiaries cannot.
6. Review the completed form for accuracy and completeness.
7. Sign and date the form, confirming your intent to designate the beneficiaries.
8. Submit the form to the required institution or organization, and keep a copy for your records.

Who needs BENEFICIARY DESIGNATION FORM?

1. Anyone who wants to ensure their assets are distributed according to their wishes after their passing.
2. Policyholders of life insurance, retirement accounts, and other financial instruments requiring beneficiary designations.
3. Individuals with specific loved ones in mind who should receive benefits.

People Also Ask about

Do beneficiary designations override a will?

Under California law, beneficiary designations almost always supersede a will. This means the assets tied to those designations go to the named beneficiary, no matter what your will says. Why? Because the beneficiary designation is a direct agreement between you and the financial institution.

What is an example of a designated beneficiary?

A lot of people name a close relative — like a spouse, brother or sister, or child — as a beneficiary. You can also choose a more distant relative or a friend. If you want to designate a friend as your beneficiary, be sure to check with your insurance company or directly with your state.

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 is a sf 1152 form?

SF-1152 Payment of a deceased employee's last pay check to include the payment of earned annual leave and any other miscellaneous monies payable to beneficiaries. The completed original SF-1152 must be submitted to the employee's servicing personnel office for immediate filing in the Official Personnel File (OPF).

What are beneficiary designations examples?

Beneficiary designations are commonly used with life insurance policies, IRAs, 401(k)s, and other types of accounts with death benefits. For example, you may set up a life insurance policy to name your spouse as your primary beneficiary, with your kids as equal contingent beneficiaries if your spouse predeceases you.

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.

For pdfFiller’s FAQs

What is BENEFICIARY DESIGNATION FORM?

The Beneficiary Designation Form is a legal document that allows an individual to designate one or more beneficiaries who will receive benefits, assets, or proceeds in the event of their death.

Who is required to file BENEFICIARY DESIGNATION FORM?

Individuals who have specific assets or benefits, such as life insurance, retirement accounts, or certain financial accounts, are required to file a Beneficiary Designation Form to ensure their intended beneficiaries receive those assets.

How to fill out BENEFICIARY DESIGNATION FORM?

To fill out a Beneficiary Designation Form, an individual should provide their personal information, specify the beneficiaries by name and relationship, indicate the percentage of assets for each beneficiary, and sign and date the form as required.

What is the purpose of BENEFICIARY DESIGNATION FORM?

The purpose of the Beneficiary Designation Form is to clearly outline the individuals or entities that are to receive benefits upon the death of the account holder, thereby avoiding potential disputes and ensuring smooth asset transfer.

What information must be reported on BENEFICIARY DESIGNATION FORM?

The information that must be reported on the Beneficiary Designation Form includes the account holder's name and details, the names and details of the designated beneficiaries, their relationship to the account holder, and the distribution percentages.