Get the free Beneficiary Designation Form - cityofberkeley

This form is used to designate beneficiaries for an account under the City of Berkeley Supplemental Retirement Income Plan III, including instructions for completing the designation and spousal consent.

How to fill out beneficiary designation form

How to fill out Beneficiary Designation Form

1. Obtain the Beneficiary Designation Form from your insurance company or financial institution.
2. Read the instructions carefully to understand the requirements.
3. Fill out your personal information, including your name, address, and account number.
4. Indicate the primary beneficiary's information, including their name, relationship to you, and contact details.
5. If applicable, include contingent beneficiaries by providing their information as well.
6. Review your choices to ensure correctness and completeness.
7. Sign and date the form as required.
8. Submit the form to the designated department or organization.

Who needs Beneficiary Designation Form?

1. Individuals with life insurance policies.
2. Account holders in retirement plans and investment accounts.
3. Participants in employer-sponsored benefit plans.
4. People wanting to ensure their assets are distributed according to their wishes after death.

People Also Ask about

What is an example of beneficiary designation?

For example, if you name your three cousins as your primary beneficiaries, you can name the children of each cousin as alternate primary beneficiaries. Then, if one cousin dies before you do, their share will be divided between their children who are named as alternate primary beneficiaries.

What is an SF 2823 form for?

Abstract: Standard Form 2823 is used by any Federal employee or retiree covered by the Federal Employees' Group Life Insurance (FEGLI) Program, or an assignee who owns an insured's coverage, to instruct the Office of Federal Employees' Group Life Insurance how to distribute the proceeds of the FEGLI coverage when the

What are beneficiary designations examples?

What is beneficiary designation? Surviving spouse. Child under the age of 18. Individual with a disability. Individual who is chronically ill. Individual within 10 years of age of the deceased.

What is standard beneficiary designation?

Any of the following individuals are considered an eligible designated beneficiary (EDB): a surviving spouse, a disabled or chronically ill individual, an individual who is not more than 10 years younger than the IRA owner, or a child of the IRA owner who has not reached the age of majority.

Who is considered a designated beneficiary?

In estate planning, a beneficiary is any person or entity you designate to receive an asset after you're gone. Naming beneficiaries is an integral part of several different estate planning elements, including: A will. Life insurance policies. Qualified retirement plans, including any 401(k), 403(b) and pensions.

What is dd form 2894 used for?

PRINCIPAL PURPOSE(S): This form is used to determine the beneficiaries of a deceased military retiree for entitlement of unpaid retired pay.

For pdfFiller’s FAQs

What is Beneficiary Designation Form?

A Beneficiary Designation Form is a legal document that allows an individual to specify who will receive their assets, benefits, or insurance proceeds upon their death.

Who is required to file Beneficiary Designation Form?

Individuals who have assets such as life insurance policies, retirement accounts, or any other financial accounts where beneficiaries can be designated are typically required to file a Beneficiary Designation Form.

How to fill out Beneficiary Designation Form?

To fill out a Beneficiary Designation Form, you need to provide your personal information, identify your beneficiaries (including their names, addresses, and relationships to you), and specify the percentage of assets each beneficiary will receive.

What is the purpose of Beneficiary Designation Form?

The purpose of the Beneficiary Designation Form is to ensure that your wishes are clearly documented regarding who should receive your assets after your death, thereby avoiding any confusion or legal disputes.

What information must be reported on Beneficiary Designation Form?

The information that must be reported on a Beneficiary Designation Form includes the names and contact information of the beneficiaries, their relationship to you, and the percentage of the asset or benefit they are to receive.