Get the free Group Term Life Beneficiary Information Form

This form is used to provide beneficiary information for group term life insurance coverage and to make changes to existing designations.

How to fill out group term life beneficiary

How to fill out Group Term Life Beneficiary Information Form

1. Begin with your personal information: Enter your full name, address, phone number, and date of birth at the top of the form.
2. Identify your employer: Fill in the name of the organization providing the Group Term Life insurance.
3. Indicate the policy number: Write the specific policy number assigned to your Group Term Life insurance.
4. List your beneficiaries: For each beneficiary, provide their full name, relationship to you, and their date of birth.
5. Specify the percentage of the benefit each beneficiary will receive if applicable.
6. If you wish to designate contingent beneficiaries, fill in their details in the designated area.
7. Review all information for accuracy and completeness.
8. Sign and date the form at the bottom, certifying that all information is true and correct.

Who needs Group Term Life Beneficiary Information Form?

1. Employees who have Group Term Life insurance through their employer need to fill out this form to designate beneficiaries.
2. Individuals seeking to ensure their life insurance benefits are distributed according to their wishes upon their passing.

People Also Ask about

How to fill beneficiary nomination form?

Make sure your Beneficiary Nomination form is complete, signed and dated. It is especially important to provide the identity number and all the contact details of the person(s) you are nominating. That way the benefit payment can be made to them as quickly as possible. Be sure to split payments correctly.

How to fill out a life insurance beneficiary form?

Please include: • Trust/Charity/Organization name. • Address. • Phone number. • Type of Beneficiary (primary or contingent) Additional information required for Living (Inter Vivos) Trust(s): • Trust date. • Trust Tax ID number. • Trustee first, middle and last name.

Who is the beneficiary of a group life insurance?

Even if you have a will, you may name any person you wish as your life insurance beneficiary. If you wish to have the benefit paid to your estate, you may name your estate as your beneficiary. After your death, the executor named in your probated will files the claim for benefits.

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).

Do I need to fill out a beneficiary form?

Forms for Designations We recommend that you designate beneficiaries to receive your life insurance benefits. However, if you are happy with the order of precedence(PDF file), you don't have to do anything.

How to fill out a beneficiary form for life insurance?

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 a beneficiary information example?

Specify who a primary beneficiary's share will go to if they die before you do. For example, if you name your three cousins as your primary beneficiaries, you can name the children of each cousin as alternate primary beneficiaries.

What is life insurance beneficiary information?

A life insurance beneficiary is the named person (or people) who may be entitled to inherit a lump sum of money if the life insurance policyholder passes away.

For pdfFiller’s FAQs

What is Group Term Life Beneficiary Information Form?

The Group Term Life Beneficiary Information Form is a document used to designate one or more beneficiaries who will receive the death benefit from a group term life insurance policy in the event of the insured's death.

Who is required to file Group Term Life Beneficiary Information Form?

Typically, employees enrolled in a group term life insurance plan are required to file the Group Term Life Beneficiary Information Form to specify their chosen beneficiaries for the insurance benefits.

How to fill out Group Term Life Beneficiary Information Form?

To fill out the Group Term Life Beneficiary Information Form, an individual should provide their personal information, such as name and contact details, followed by the names and details of the beneficiaries they wish to designate, including their relationship to the insured.

What is the purpose of Group Term Life Beneficiary Information Form?

The purpose of the Group Term Life Beneficiary Information Form is to ensure that the benefits from the group term life insurance policy are distributed according to the wishes of the insured after their passing.

What information must be reported on Group Term Life Beneficiary Information Form?

The Group Term Life Beneficiary Information Form must report the insured's personal information, the names and contact details of the beneficiaries, the relationship of each beneficiary to the insured, and any percentage division of the benefits among multiple beneficiaries.