Get the free Death Benefit Nomination (DB2)

This document is a nomination form that allows individuals with pensionable membership in the NHS Pension Scheme to designate beneficiaries for death benefits.

How to fill out death benefit nomination db2

How to fill out Death Benefit Nomination (DB2)

1. Obtain the Death Benefit Nomination (DB2) form from your employer or insurance provider.
2. Read the instructions on the form carefully to ensure you understand the requirements.
3. Fill in your personal details, including your name, date of birth, and contact information.
4. Indicate the beneficiaries you wish to nominate for the death benefit, providing their full names and relation to you.
5. Specify the percentage share of the benefit allocated to each beneficiary if you are nominating more than one.
6. Review the form to check for any errors or omissions.
7. Sign and date the form to validate your nominations.
8. Submit the completed form to the appropriate department or retain it as per the guidelines provided.

Who needs Death Benefit Nomination (DB2)?

1. Anyone who has life insurance or an employer-sponsored benefit plan is advised to complete a Death Benefit Nomination (DB2).
2. Individuals wanting to ensure that their death benefits are distributed according to their wishes.
3. Beneficiaries of a life insurance policy or employer-sponsored benefits.

People Also Ask about

What is Form 2 nomination of death benefit?

Each member shall make in his declaration in Form 2, a nomination conferring the right to receive the amount that may stand to his credit in the Fund in the event of his death before the amount standing to his credit has become payable, or where the amount has become payable before payment has been made.

What is a Gesb death benefit nomination?

A binding death nomination allows payment to be made directly to people you have nominated without need for formal Grant of Probate or Letters of Administration. If you wish to nominate your estate to receive part of your benefit, then Grant of Probate or Letters of Administration are still required.

How do I make a binding death benefit nomination?

If you would like to leave your super to someone who is not a dependant under superannuation law, ask your super fund about making a binding death benefit nomination to have the payment made to your legal personal representative. This will ensure your super is distributed according to your will.

What is a death benefit nomination?

A nomination can ensure that all death benefit options are available to the beneficiary - especially those who aren't dependants. On death before age 75, certain lump sum death benefits are tested against the 'lump sum and death benefit allowance', whereas death benefits paid as a pension are not.

For pdfFiller’s FAQs

What is Death Benefit Nomination (DB2)?

Death Benefit Nomination (DB2) is a formal declaration made by a policyholder, outlining the beneficiaries who will receive the death benefits in the event of the policyholder's demise.

Who is required to file Death Benefit Nomination (DB2)?

Any individual who holds an insurance policy and wishes to designate beneficiaries to receive the death benefits must file a Death Benefit Nomination (DB2).

How to fill out Death Benefit Nomination (DB2)?

To fill out the Death Benefit Nomination (DB2), the policyholder must provide personal details, such as their name and policy number, and designate one or more beneficiaries by including their names, relationships, and contact information.

What is the purpose of Death Benefit Nomination (DB2)?

The purpose of Death Benefit Nomination (DB2) is to ensure that the death benefits from an insurance policy are distributed according to the policyholder's wishes, thereby providing clarity and preventing potential disputes among heirs.

What information must be reported on Death Benefit Nomination (DB2)?

The information that must be reported on Death Benefit Nomination (DB2) includes the policyholder's details, the beneficiaries' names and relationships, and the percentages of the benefit each beneficiary will receive.