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If no beneficiary (primary or contingent) survives you, payment will be made pursuant to the terms of the applicable. Policy. Date. Signature of Insured. EF-1245.
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What is designation of beneficiary?
Designation of beneficiary is a form where an individual specifies who will receive assets or benefits upon their death.
Who is required to file designation of beneficiary?
Any individual who has assets or benefits that will be passed on to a beneficiary upon their death is required to file a designation of beneficiary.
How to fill out designation of beneficiary?
You can fill out a designation of beneficiary form by providing the necessary information about the beneficiary, such as their name, relationship to you, and contact information.
What is the purpose of designation of beneficiary?
The purpose of designation of beneficiary is to ensure that your assets or benefits are distributed according to your wishes upon your death.
What information must be reported on designation of beneficiary?
The information that must be reported on a designation of beneficiary includes the beneficiary's name, relationship to you, and contact information.
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