Get the free GROUP BENEFITS BENEFICIARY DESIGNATION FORM - elcicgsi

CELTIC Group Services Inc. 805177 Lombard Ave, Winnipeg, MB R3B 0W5 T: 2049849181 F: 2049849179 Toll Free: 1877ELCICGS (3524247) Email: info e-cigs.ca Website: www.elcicgsi.ca GROUP BENEFITS BENEFICIARY

How to fill out group benefits beneficiary designation

How to fill out group benefits beneficiary designation:

1. Obtain the beneficiary designation form from your group benefits provider or employer. This form will typically ask for your personal information, such as your name, address, and social security number.
2. Fill in the beneficiary's information accurately. Include their full name, relationship to you, and contact details. It's important to provide complete and correct information to ensure that your designated beneficiary can be identified and contacted in the future.
3. Indicate the percentage of the benefit you wish to assign to each beneficiary. You may choose to allocate different percentages to multiple beneficiaries if you desire. Ensure that the total percentage assigned to all beneficiaries adds up to 100%.
4. Review the form for accuracy and completeness before submitting it. Double-check that all the required fields have been filled out and that there are no errors or omissions.
5. Sign and date the form to validate your beneficiary designation. Some forms may require witnesses or a notary to witness your signature. Follow the instructions provided to ensure that your designation is legally binding.
6. Make copies of the completed beneficiary designation form for your records. Keep one copy for yourself and provide another copy to your designated beneficiaries or a trusted individual who knows the location of the form.

Who needs group benefits beneficiary designation?

1. Employees who have group benefits offered by their employer may need to complete a beneficiary designation form. This allows them to designate who will receive their benefits in the event of their death.
2. Individuals who have enrolled in group benefits plans, such as life insurance or retirement plans, may also need to designate beneficiaries for these plans. This ensures that the intended recipients receive the benefits as intended.
3. Having a group benefits beneficiary designation is crucial for anyone who wants to have control over the distribution of their benefits and wishes to provide financial security for their loved ones in the event of their passing. It allows individuals to specify who will receive their benefits, rather than leaving it up to default laws or the discretion of the group benefits provider.

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