Get the free Beneficiary Designation for Death-In-Service Benefit

TVA RETIREMENT SYSTEMBeneficiary Designation for DeathInService Benefit Note:This form is only FOR EMPLOYEES who are participants in the Original Benefit Structure or who have a cash balance account.

How to fill out beneficiary designation for death-in-service

How to fill out beneficiary designation for death-in-service:

1. Obtain the beneficiary designation form from your employer or insurance provider. This form is typically required to assign beneficiaries who will receive the benefits in the event of your death while employed.
2. Provide your personal information, including your name, address, and social security number, and ensure it is accurate and up to date. This information is necessary to properly identify you as the policyholder.
3. Specify the primary beneficiary, who will be the first to receive the benefits upon your death. This can be a person or an organization, such as a spouse, child, or charity. Include their full name, relationship to you, and contact information.
4. If you wish to designate a contingent beneficiary, who will receive the benefits if the primary beneficiary predeceases you or is unable to accept the benefits, provide their information as well. It is important to select alternative beneficiaries in case the primary beneficiary cannot be located or no longer exists.
5. Indicate the percentage or portion of the benefits you would like each beneficiary to receive. This is particularly important if you have multiple beneficiaries and wish for the benefits to be divided in a specific manner.
6. Sign and date the beneficiary designation form to authenticate your choices. Ensure that you review the form thoroughly before submitting it to avoid any mistakes or omissions.

Who needs beneficiary designation for death-in-service?

1. Employees who have death-in-service benefits provided by their employer may need to complete a beneficiary designation form. These benefits are typically part of an employee's life insurance or pension plan, and the designated beneficiaries will receive the benefits in the event of the employee's death while employed.
2. Individuals who have purchased private life insurance policies may also need to designate beneficiaries. These policies often have death benefits that are paid out to the designated beneficiaries upon the policyholder's death.
3. People who have enrolled in group life insurance plans, such as those offered by professional associations or organizations, may also need to designate beneficiaries for death-in-service benefits.

Overall, anyone who wants to ensure that their death-in-service benefits are distributed according to their wishes should complete a beneficiary designation form. This allows the policyholder to have control over who will receive the benefits and in what proportions, providing financial security for their loved ones or chosen organizations.

For pdfFiller’s FAQs

What is beneficiary designation for death-in-service?

A beneficiary designation for death-in-service is a form that allows an individual to specify who will receive their benefits in the event of their death while employed.

Who is required to file beneficiary designation for death-in-service?

All employees who are eligible for death-in-service benefits are required to file a beneficiary designation form.

How to fill out beneficiary designation for death-in-service?

To fill out a beneficiary designation form for death-in-service, an employee needs to provide information about their chosen beneficiary, such as their name, relationship to the employee, and contact information.

What is the purpose of beneficiary designation for death-in-service?

The purpose of a beneficiary designation for death-in-service is to ensure that an employee's benefits are distributed according to their wishes in the event of their death.

What information must be reported on beneficiary designation for death-in-service?

Information such as the beneficiary's name, relationship to the employee, and contact information must be reported on a beneficiary designation for death-in-service.

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