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Beneficiary Designation/Change Form Registered Investment Advisor * Broker/Dealer Member FINRA/SIPC * 218 Glen side Avenue, Syncope, PA 19095 × 215/887-8111 * www.lincolninvestment.com 1. PARTICIPANT

How to fill out beneficiary designationchange form

How to fill out beneficiary designation change form:

1. Obtain the form: Start by obtaining the beneficiary designation change form from the appropriate source. This could be your employer, insurance company, or financial institution. You may need to request the form directly or download it from their website.
2. Read the instructions: Before filling out the form, carefully read the instructions provided. The instructions will guide you through the process and provide important information regarding the required details and any supporting documents needed.
3. Personal information: Start by providing your personal information as the account or policy holder. This typically includes your full name, address, contact details, and any identification numbers or account references.
4. Beneficiary details: Clearly list the beneficiaries you wish to designate for the account or policy. Include their full names, relationship to you, and their contact information. If you want to allocate different percentages or specific assets to each beneficiary, make sure to indicate these details clearly.
5. Review and sign: Before submitting the form, review all the information entered to ensure accuracy. Double-check names, addresses, and contact details. Once you are satisfied, sign and date the form as required. This signature confirms that you understand the implications of the changes you are making.
6. Submit the form: Follow the instructions provided to submit the form. This may involve mailing it to a specific address, scanning and emailing it, or submitting it online through a secure portal. Be sure to keep a copy of the completed form for your records.

Who needs a beneficiary designation change form?

1. Employees with retirement accounts: If you have a retirement account through your employer, such as a 401(k) or pension plan, you may need a beneficiary designation change form to update the individuals who will receive the funds in the event of your death.
2. Life insurance policyholders: Individuals who have life insurance policies often have the option to designate beneficiaries who will receive the death benefit. If you wish to change or update your beneficiaries, a beneficiary designation change form will be necessary.
3. Account holders with financial institutions: Certain financial accounts, such as individual retirement accounts (IRAs) or investment accounts, require beneficiary designations. If you want to modify the beneficiaries on these accounts, you will need to complete a beneficiary designation change form.

Note: It is important to consult with a legal or financial professional to understand the specific requirements and implications of changing beneficiaries on your accounts or policies.

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What is beneficiary designation change form?

Beneficiary designation change form is a document used to update or change the beneficiaries listed on an individual's financial accounts or insurance policies.

Who is required to file beneficiary designation change form?

Any individual who wishes to update or change the beneficiaries on their financial accounts or insurance policies is required to file a beneficiary designation change form.

How to fill out beneficiary designation change form?

To fill out a beneficiary designation change form, one must provide their personal information, details of the account or policy, and the new beneficiary information. It is important to follow the instructions provided on the form.

What is the purpose of beneficiary designation change form?

The purpose of a beneficiary designation change form is to ensure that the correct beneficiaries are listed on an individual's financial accounts or insurance policies in case of their passing.

What information must be reported on beneficiary designation change form?

The beneficiary designation change form typically requires personal information of the account holder, details of the account or policy, and the new beneficiary's information.