Get the free Beneficiary Designation Card - John Hancock Financial

John Hancock Safe Access Account Beneficiary Designation Card I elect the following beneficiary(IES) with respect to the proceeds in my John Hancock Safe Access Account, still reserving the privilege

How to fill out beneficiary designation card

How to fill out a beneficiary designation card:

1. Obtain the beneficiary designation card: Contact your financial institution, insurance provider, or retirement plan administrator to request a beneficiary designation card. They will provide you with the necessary forms.
2. Fill in your personal information: Begin by entering your full name, address, contact information, and any other required personal details. Make sure to provide accurate and up-to-date information.
3. Choose your beneficiaries: Indicate the individuals or organizations you wish to name as beneficiaries. You may be required to provide their full names, addresses, and relationship to you. If designating multiple beneficiaries, specify the percentage or portion of the benefits they should receive.
4. Specify primary and contingent beneficiaries: Primary beneficiaries are the first recipients of the benefits, while contingent beneficiaries will receive them if the primary beneficiaries predecease you. Determine who will be your primary and contingent beneficiaries and clearly indicate their order.
5. Review and understand your options: Some beneficiary designation cards may offer additional options or features. Take the time to carefully review the instructions and understand any special provisions, such as contingent trust arrangements or estate planning considerations.
6. Seek professional advice if necessary: If you have a complex situation or need guidance in completing the beneficiary designation card, consider consulting with an attorney, financial planner, or tax advisor who can help ensure your wishes are properly reflected.

Who needs a beneficiary designation card:

1. Individuals with life insurance policies: If you have a life insurance policy, you will likely need to fill out a beneficiary designation card. This ensures that the policy's proceeds are distributed to the intended recipients upon your passing.
2. Retirement plan participants: If you have an employer-sponsored retirement plan, such as a 401(k), 403(b), or IRA, you will often be required to complete a beneficiary designation card to determine who will receive the remaining funds in the account after your death.
3. Owners of financial accounts: Some financial institutions, such as banks, credit unions, or brokerage firms, may require you to designate beneficiaries for your accounts. This allows your chosen recipients to inherit the funds or assets held in those accounts upon your passing.

It is important to regularly review and update your beneficiary designation cards as your circumstances change, such as marriages, divorces, births, or the death of a beneficiary. This ensures that your assets are distributed according to your latest wishes.

For pdfFiller’s FAQs

What is beneficiary designation card?

A beneficiary designation card is a form used to specify who will receive your assets or benefits upon your death.

Who is required to file beneficiary designation card?

Individuals who have assets or benefits that require a beneficiary designation are required to file a beneficiary designation card.

How to fill out beneficiary designation card?

To fill out a beneficiary designation card, you will need to provide your personal information, the name of the beneficiary, and the percentage of assets or benefits they will receive.

What is the purpose of beneficiary designation card?

The purpose of a beneficiary designation card is to ensure that your assets or benefits are distributed according to your wishes upon your death.

What information must be reported on beneficiary designation card?

The beneficiary designation card must include your personal information, the name of the beneficiary, and the percentage of assets or benefits they will receive.

How can I send beneficiary designation card for eSignature?

When you're ready to share your beneficiary designation card, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

How do I edit beneficiary designation card online?

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