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The Johns Hopkins University Applied Physics Laboratory Form No. 1/213 (11/08) BENEFICIARY DESIGNATION GROUP TERM LIFE, PERSONAL ACCIDENT, TRAVEL ACCIDENT, AND *DEATH BENEFITS (PLEASE COMPLETE THIS

How to fill out beneficiary designation group term

How to fill out beneficiary designation group term:

1. Start by obtaining the beneficiary designation form from your employer or insurance provider. This form is typically required for group term life insurance policies.
2. Carefully read the instructions provided on the form. Make sure you understand the terminology and requirements for designating beneficiaries.
3. Begin by providing your personal information, such as your full name, social security number, and contact details. This is necessary to ensure that the beneficiary designation is linked to your policy.
4. Clearly identify the beneficiaries you wish to designate. Include their full names, relationship to you, and any other relevant information required by the form. It is important to double-check the accuracy of this information to avoid any confusion or disputes in the future.
5. Determine the percentage or amount of the benefit you wish each beneficiary to receive. This is crucial in determining how the proceeds will be distributed among the designated beneficiaries.
6. Review the form for any additional sections or instructions. Some beneficiary designation forms may require you to consider contingencies, such as designating alternate or secondary beneficiaries in case the primary beneficiaries are unable to receive the benefit.
7. Once you have completed filling out the form, review it again to ensure all the information provided is accurate and complete. Errors or missing information can lead to complications in the future, so it is important to be thorough.
8. Sign and date the beneficiary designation form to validate your choices. Some forms may require witnesses or a notary public to authorize the document, so follow the instructions accordingly.

Who needs beneficiary designation group term?

1. Employees who are covered under a group term life insurance policy provided by their employer need to designate beneficiaries. This ensures that in the event of their death, the policy's death benefit is distributed according to their wishes.
2. Individuals who have purchased a group term life insurance policy outside of their employment, such as through an association or professional group, also need to fill out a beneficiary designation. This allows them to choose who will receive the proceeds upon their death.
3. Anyone who has a policy that offers a beneficiary designation option, such as a group term life insurance policy, should consider filling out the form. This provides clarity and ensures that the intended individuals or organizations receive the death benefit.

It is essential to regularly review and update beneficiary designations as personal circumstances change, such as marriage, divorce, or the birth of children. Keeping beneficiary information up to date guarantees that your preferences are accurately reflected in the event of your passing.

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What is beneficiary designation group term?

Beneficiary designation group term is a form that allows an individual to specify who will receive certain benefits in the event of their death.

Who is required to file beneficiary designation group term?

Employees who are eligible for group benefits such as life insurance or retirement plans may be required to file beneficiary designation forms.

How to fill out beneficiary designation group term?

Beneficiary designation group term forms can typically be filled out online, through a paper form provided by the employer, or by contacting the benefits administrator.

What is the purpose of beneficiary designation group term?

The purpose of beneficiary designation group term is to ensure that the individual's benefits are distributed according to their wishes in the event of their death.

What information must be reported on beneficiary designation group term?

The beneficiary's full name, relationship to the individual, date of birth, address, and Social Security number are typically required to be reported on beneficiary designation group term.