Get the free BENEFICIARY DESIGNATION FORM - Filice Insurance

FORM 16 10/11 BENEFICIARY DESIGNATION FORM ABA Retirement Funds Program (the Program) P.O. Box 5142 Boston, MA 022065142 Customer Contact Center: (800) 3482272 Website: www.abaretirement.com Email:

How to fill out beneficiary designation form

How to fill out a beneficiary designation form:

1. Obtain the form: Contact the relevant institution or organization to request a beneficiary designation form. This could be an insurance company, retirement plan administrator, or financial institution.
2. Personal Information: Fill in your personal information on the form, such as your full name, address, date of birth, and social security number. This ensures proper identification and links the form to your account or policy.
3. Designate primary beneficiaries: Indicate the individuals or entities who will receive the benefits upon your death. Provide their full names, addresses, and relationship to you. You can name multiple primary beneficiaries and specify the percentage of the benefit each will receive.
4. Designate contingent beneficiaries: If your primary beneficiaries predecease you or cannot be located, contingent beneficiaries will receive the benefits. Fill in the necessary information for these individuals or entities as well, following the same format as for the primary beneficiaries.
5. Specify percentages: If you have multiple primary or contingent beneficiaries, assign a percentage of the benefit to each one. The total percentage should equal 100%. This ensures your assets are distributed in the desired proportions.
6. Review and Sign: Carefully review the form, confirming that all the information provided is accurate and complete. Once satisfied, sign and date the form, acknowledging your understanding of the designation and its implications.
7. Submit the form: Follow the instructions provided with the form to submit it to the appropriate institution or organization. This may involve mailing the form or submitting it electronically through an online portal.

Who needs a beneficiary designation form?

1. Life insurance policyholders: Individuals who have life insurance policies should complete a beneficiary designation form to determine who will receive the death benefit.
2. Retirement plan participants: Individuals with retirement plans, such as 401(k)s or IRAs, should fill out a beneficiary designation form to specify who will receive the remaining balance upon their death.
3. Investment account holders: Some investment accounts, such as brokerage accounts or mutual funds, may require a beneficiary designation form to determine who will inherit the assets.
4. Pension plan participants: Employees who participate in employer-sponsored pension plans may need to complete a beneficiary designation form to assign beneficiaries who will receive the pension benefits.
5. Trust creators: Individuals who have established trusts should also complete a beneficiary designation form to ensure that the trust assets are distributed according to their wishes.

In summary, anyone with a life insurance policy, retirement plan, investment account, pension plan, or trust should consider completing a beneficiary designation form to determine who will receive the associated assets or benefits after their passing.

For pdfFiller’s FAQs

How can I modify beneficiary designation form without leaving Google Drive?

By integrating pdfFiller with Google Docs, you can streamline your document workflows and produce fillable forms that can be stored directly in Google Drive. Using the connection, you will be able to create, change, and eSign documents, including beneficiary designation form, all without having to leave Google Drive. Add pdfFiller's features to Google Drive and you'll be able to handle your documents more effectively from any device with an internet connection.

Can I create an electronic signature for the beneficiary designation form in Chrome?

As a PDF editor and form builder, pdfFiller has a lot of features. It also has a powerful e-signature tool that you can add to your Chrome browser. With our extension, you can type, draw, or take a picture of your signature with your webcam to make your legally-binding eSignature. Choose how you want to sign your beneficiary designation form and you'll be done in minutes.

How can I edit beneficiary designation form on a smartphone?

You can easily do so with pdfFiller's apps for iOS and Android devices, which can be found at the Apple Store and the Google Play Store, respectively. You can use them to fill out PDFs. We have a website where you can get the app, but you can also get it there. When you install the app, log in, and start editing beneficiary designation form, you can start right away.

What is beneficiary designation form?

A beneficiary designation form is a legal document that allows an individual to specify who will receive their assets or benefits upon their death.

Who is required to file beneficiary designation form?

Anyone who has assets or benefits that have designated beneficiaries, such as life insurance policies, retirement accounts, or investment accounts, may be required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, you will need to provide your personal information, the names and contact information of your beneficiaries, and the portion of assets or benefits each beneficiary will receive.

What is the purpose of beneficiary designation form?

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

What information must be reported on beneficiary designation form?

The beneficiary designation form typically requires information such as your name, date of birth, social security number, and the names and contact information of your designated beneficiaries.