Get the free Designation of Beneficiary - RBC Direct Investing

E-FORM 360 (11/2011) RBC Direct Investing Inc. Standard Beneficiary Designation to make or change a beneficiary designation Not Applicable for Annuitants Domiciled in Quebec. Account Number: Type

How to fill out designation of beneficiary

How to fill out designation of beneficiary:

1. Obtain the designation of beneficiary form from your financial institution or insurance company.
2. Carefully read and understand the instructions provided on the form.
3. Fill in your personal details accurately, including your name, address, and contact information.
4. Clearly identify the specific account or policy for which you are designating a beneficiary.
5. Provide the full name, relationship, and contact information of your chosen beneficiary/beneficiaries.
6. Specify the percentage or portion of the account/policy that each beneficiary should receive.
7. If necessary, designate contingent beneficiaries to receive the proceeds in case the primary beneficiaries are unable to.
8. Sign and date the form. Some institutions may require witnesses or a notary public to confirm your signature.
9. Keep a copy of the completed form for your records and submit the original to the relevant institution.

Who needs designation of beneficiary:

1. Anyone who holds a life insurance policy, retirement account, or investment account should consider designating a beneficiary.
2. Individuals who want to ensure that their assets are distributed according to their wishes in the event of their death.
3. Parents who want to provide financial security for their children or other dependents.
4. Individuals who want to avoid their assets going into probate and potentially incur unnecessary taxes or delays.
5. Business owners who want to designate a beneficiary to handle their business interests after their passing.

For pdfFiller’s FAQs

What is designation of beneficiary?

Designation of beneficiary is a process of specifying who will receive certain benefits or assets upon the death or incapacitation of the policyholder or account holder.

Who is required to file designation of beneficiary?

The policyholder or account holder is typically required to file a designation of beneficiary.

How to fill out designation of beneficiary?

To fill out a designation of beneficiary, you typically need to provide personal information about the beneficiary, such as their name, relationship to the policyholder, and contact details.

What is the purpose of designation of beneficiary?

The purpose of designation of beneficiary is to ensure that the desired individual or entity receives the designated benefits or assets in the event of the policyholder's or account holder's death or incapacitation.

What information must be reported on designation of beneficiary?

The information that must be reported on a designation of beneficiary typically includes the beneficiary's full name, relationship to the policyholder, date of birth, Social Security number, and contact information.

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