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This document is a form used to designate beneficiaries for Basic Term Life, AD&D, and Optional Term Life insurance provided by the City of Chicago, including instructions for completing the form

How to fill out beneficiary designation city of

How to fill out Beneficiary Designation – City of Chicago

1. Obtain a copy of the Beneficiary Designation form from the City of Chicago website or your department.
2. Read the instructions provided with the form carefully to understand the requirements.
3. Fill in your personal information at the top of the form, including your full name, contact information, and identification number.
4. Clearly list your designated beneficiaries, providing their full names, addresses, and relationships to you.
5. Include any contingent beneficiaries if desired, as an alternative if primary beneficiaries are unavailable.
6. Sign and date the form to validate your designations.
7. Submit the completed form according to the instructions, either electronically or by mail to the appropriate department.

Who needs Beneficiary Designation – City of Chicago?

1. Employees of the City of Chicago who want to specify who will receive their benefits or assets upon their passing.
2. Individuals planning their estate to ensure their wishes are carried out regarding beneficiaries.
3. Those who have recently experienced life changes such as marriage, divorce, or the birth of a child and need to update their beneficiary information.

People Also Ask about

How do I fill out a beneficiary designation?

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

What is an example of a beneficiary designation?

Sample: Martha Doe, wife, or, in the event of her death, Richard Doe, cousin, or in the event of his death, Jane Doe, niece. 6.) One Beneficiary Followed by Two Beneficiaries in Equal Shares – Sample: Martha Doe, wife, or, in the event of her death, Jane Doe and Mary Doe, cousins, in equal shares, or their survivors.

What should I put for beneficiary percentage?

1 Answer 1 The primary beneficiary percentages should add to 100%. The contingent beneficiary percentages should show the percentage of the failed transfer to the primary beneficiary that goes to the contingent beneficiary (ie 100% in your example).

What to write in beneficiary account name?

Giving important details like the beneficiary's full name, account number and other additional bank details greatly reduces the risk of funds being credited into the wrong account. Enhanced Security: Adding a beneficiary also makes the transaction safer by limiting the possibility of fraudulent actions.

How to find out beneficiary name?

How to find out if you've been named a beneficiary Talk to your loved one while they're still alive. Look through financial documents. Contact the life insurance company. Use a life insurance policy locator. Check with the policyholder's state.

How do you write your beneficiary name?

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

What is an example of a beneficiary designation?

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.

How do I fill out a beneficiary designation form?

Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word “trustee”, or if you cannot provide a trustee, ETF may accept another contact person. The trustee's address.

For pdfFiller’s FAQs

What is Beneficiary Designation – City of Chicago?

Beneficiary Designation – City of Chicago is a form that allows city employees to designate individuals or entities to receive benefits or assets upon their passing.

Who is required to file Beneficiary Designation – City of Chicago?

City employees who want to ensure their benefits are passed on to chosen beneficiaries are required to file the Beneficiary Designation form.

How to fill out Beneficiary Designation – City of Chicago?

To fill out the Beneficiary Designation form, city employees should complete the required sections, including the names and contact information of beneficiaries, and submit the form as per the specified guidelines.

What is the purpose of Beneficiary Designation – City of Chicago?

The purpose of the Beneficiary Designation is to allow city employees to specify who will receive their benefits or assets after their death, thereby ensuring their intentions are honored.

What information must be reported on Beneficiary Designation – City of Chicago?

The information that must be reported includes the full names, addresses, relationship to the employee, and contact details of the designated beneficiaries.