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Structured Settlement Unit 51 Madison Ave, Room 809 New York, NY 10010 Change of Beneficiary Request Form If you need assistance, please contact the Service Area toll-free at 1-855-469-5772 Instructions

How to fill out change of beneficiary request

How to fill out a change of beneficiary request:

1. Obtain the change of beneficiary form: The first step is to acquire the appropriate form from your insurance company, retirement plan administrator, or financial institution. This form is typically available online or can be requested by phone or email.
2. Gather necessary information: Before starting to fill out the form, gather all the essential details. This may include your personal information (such as name, address, and contact information), the policy or account number, and the information of both the current and new beneficiaries. Make sure to have all necessary documents, such as marriage certificates or birth certificates, if required.
3. Review the instructions: Carefully read through the instructions provided with the form. Ensure that you understand the requirements and any specific guidelines or restrictions for making changes to beneficiaries.
4. Clearly identify yourself: Begin by clearly identifying yourself as the policyholder or account owner. Provide your full name, address, and any other requested personal information to ensure accurate identification.
5. Indicate current beneficiaries: Specify the current beneficiaries and their relationship to you. This may include listing their names, dates of birth, and any other required information. Double-check for accuracy to prevent confusion or errors.
6. Select new beneficiaries: Clearly indicate the new beneficiaries to whom you wish to transfer the benefits or assets. Provide their full names, dates of birth, and any other necessary information. Be sure to include the relationship between the new beneficiaries and yourself.
7. Specify allocation percentages or details: If you wish to allocate the benefits or assets among multiple new beneficiaries, clearly state the percentage or share that each beneficiary should receive. It's important to ensure that the total allocation adds up to 100% or the appropriate percentage specified by the form.
8. Review and sign the form: Once you have completed all the required sections, carefully review the form for accuracy and completeness. Make any necessary corrections or additions before signing the document. Your signature and the date indicate your consent and agreement to the change of beneficiaries.
9. Submit the form: Follow the instructions provided on the form to submit it to the appropriate entity. This may involve mailing the form or submitting it online, depending on the requirements of your insurance company, retirement plan administrator, or financial institution.

Who needs a change of beneficiary request?

A change of beneficiary request may be required by individuals who wish to update the designated recipients of their insurance policies, retirement accounts, or other financial assets. This change could be necessary due to various life events, such as marriage, divorce, the birth of a child, or any other circumstance that affects the desired allocation of benefits or assets upon their death. It is important to regularly review and update beneficiary designations to ensure that the intended recipients receive the funds or benefits according to the policyholder's preferences.

For pdfFiller’s FAQs

What is change of beneficiary request?

A change of beneficiary request is a formal request to update the designated beneficiary on a specific account or policy.

Who is required to file change of beneficiary request?

The policyholder or account owner is typically required to file a change of beneficiary request.

How to fill out change of beneficiary request?

To fill out a change of beneficiary request, the policyholder or account owner will need to provide their account information, the current beneficiary details, and the new beneficiary information.

What is the purpose of change of beneficiary request?

The purpose of a change of beneficiary request is to ensure that the intended individual or entity receives the assets or benefits in the event of the policyholder's or account owner's death.

What information must be reported on change of beneficiary request?

The change of beneficiary request typically requires the account information, current beneficiary details, new beneficiary information, and the reason for the change.

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