Get the free BENEFICIARY DESIGNATION FORM - Association of Universities

BENEFICIARY DESIGNATION FORM Life Insurance Company of North America Group Insurance Life Accident Disability AURA Employer Name Employee Social Security # Current Address City State Zip Home Phone

How to fill out beneficiary designation form

How to fill out a beneficiary designation form:

1. Obtain the form: Start by obtaining a copy of the beneficiary designation form from the relevant institution or organization. It may be available online or you may need to request it from the appropriate department.
2. Personal information: Fill in your personal information accurately and completely. This usually includes your full name, date of birth, social security number, and contact details. Some forms may also require your relationship to the beneficiary.
3. Beneficiary details: Clearly provide the full name, date of birth, and contact information of the beneficiary. If you are designating multiple beneficiaries, include all their information.
4. Specify the beneficiaries: Clearly indicate the percentage or amount of the assets or benefits that each beneficiary should receive upon your death. It's important to be precise and ensure the total sums up to 100% or the entirety of the assets.
5. Contingent beneficiaries: Consider adding contingent beneficiaries as backups in case the primary beneficiaries predecease you or are unable to receive the benefits for any reason. Indicate the same details and percentages for the contingent beneficiaries.
6. Witnesses and signature: Some beneficiary forms require witnesses to ensure validity. If required, have the witnesses sign the form and provide their contact information. Lastly, sign the form yourself and include the date.

Who needs a beneficiary designation form:

1. Employee Benefit Plans: Individuals who have employee benefit plans such as life insurance, retirement accounts, or pension plans often need to designate beneficiaries using a beneficiary designation form.
2. Financial Institutions: Individuals with bank accounts, investment accounts, or annuities may also need to designate beneficiaries by completing a beneficiary designation form.
3. Insurance Policies: If you have life insurance, disability insurance, or any other type of insurance policy, it is essential to name beneficiaries to ensure that the benefits are distributed according to your wishes.
4. Estate Planning: As part of your overall estate planning strategy, completing a beneficiary designation form can help ensure that your assets are transferred smoothly to your chosen beneficiaries upon your passing.

Remember, it is crucial to review your beneficiary designation forms periodically to make sure they align with your current wishes, especially after any major life events such as marriage, divorce, or the birth of a child.

For pdfFiller’s FAQs

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?

Any individual who has assets or benefits with designated beneficiaries, such as retirement accounts or life insurance policies, is required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, an individual must provide their personal information, the name and contact information of the beneficiary, and the percentage of the assets or benefits they will receive.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that an individual's assets or benefits are distributed according to their wishes upon their death.

What information must be reported on beneficiary designation form?

The beneficiary designation form must include the individual's personal information, the beneficiary's name and contact information, and the percentage of assets or benefits they will receive.

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