Get the free Non-Binding Death Benefit Nomination - Bendigo staff super

Staff Superannuation Plan a subplan of ROOF Employer Super 1 January 2014 Nonbinding Death Benefit Nomination Please complete this form to make a new (or to amend or revoke an existing) Nonbinding

How to fill out non-binding death benefit nomination

How to fill out a non-binding death benefit nomination:

1. Start by obtaining the necessary forms: Contact your insurance provider, superannuation fund, or any other organization that offers death benefits to request the non-binding death benefit nomination forms. They will usually provide these forms online or via mail.
2. Review the instructions: Once you have the forms, carefully read through the accompanying instructions. It is crucial to understand the requirements and guidelines provided by the organization.
3. Provide personal information: Begin filling out the form by providing your personal information, including your full name, date of birth, address, and contact details. Ensure that this information is accurate and up to date.
4. Nominate a beneficiary: Decide who you want to designate as your beneficiary to receive the death benefit. A beneficiary can be a person or an entity, such as a trust or charity. Include their full name, relationship to you, and their contact details.
5. Determine the benefit allocation: If you have multiple beneficiaries, specify the percentage or portion of the death benefit each person should receive. Ensure that the total allocations add up to 100%.
6. Appoint a secondary or contingent beneficiary: It is recommended to nominate a secondary beneficiary in case the primary beneficiary predeceases you or cannot be located. Follow the same steps as in Step 4.
7. Verify the nomination: Once you have completed the form, review all the provided information carefully. Make sure there are no errors or inconsistencies.
8. Date and sign the form: Sign the non-binding death benefit nomination form, including the date. If required, have a witness sign the form as well. Double-check if any additional signatures are necessary.
9. Submit the form: Send the completed form to the organization that issued it. Follow the instructions provided with the forms regarding submission methods, such as mailing, faxing, or submitting electronically.

Who needs a non-binding death benefit nomination?

1. Individuals with life insurance policies: If you have a life insurance policy, it is essential to nominate a non-binding death beneficiary. This ensures that the death benefit is distributed according to your wishes.
2. Employees with superannuation funds: Superannuation funds often provide death benefits to the beneficiaries of their members. By completing a non-binding death benefit nomination, you have a say in how these benefits will be distributed.
3. Individuals with pension plans: Pension plans may also offer death benefits that require a nomination. By making a non-binding nomination, you can ensure that the benefits are allocated according to your preferences.
4. Those concerned about their estate planning: Nominating a non-binding death beneficiary can be part of your overall estate planning strategy. Having control over the distribution of your death benefits can provide peace of mind and ensure your wishes are respected.

For pdfFiller’s FAQs

What is non-binding death benefit nomination?

Non-binding death benefit nomination is a way for a policyholder to indicate their preferred beneficiaries to receive the death benefit from their life insurance policy, without legally binding the insurance company to follow their wishes.

Who is required to file non-binding death benefit nomination?

Policyholders who want to ensure that their desired beneficiaries receive the death benefit from their life insurance policy are required to file a non-binding death benefit nomination.

How to fill out non-binding death benefit nomination?

To fill out a non-binding death benefit nomination, the policyholder must contact their insurance company and request the necessary forms. They will then need to provide the requested information about the beneficiaries they wish to designate.

What is the purpose of non-binding death benefit nomination?

The purpose of a non-binding death benefit nomination is to provide guidance to the insurance company on who the policyholder wants to receive the death benefit from their policy, in case of their passing.

What information must be reported on non-binding death benefit nomination?

The non-binding death benefit nomination form typically requires the policyholder to provide the full name, date of birth, relationship to the policyholder, and contact information of each beneficiary they wish to designate.

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