Get the free Beneficiary Designation Form - Empire Life
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CONSENT TO CHANGE IRREVOCABLE BENEFICIARYPlease print clearly in INK. Retain a copy of the completed form for your records and send the original to The Canada Life Assurance Company.1. General Enrollment
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What is beneficiary designation form?
Beneficiary designation form is a legal document that allows an individual to specify who will receive their assets, such as life insurance policy proceeds or retirement account funds, upon their death.
Who is required to file beneficiary designation form?
Any individual who has assets with designated beneficiaries, such as life insurance policies or retirement accounts, is required to file a beneficiary designation form.
How to fill out beneficiary designation form?
To fill out a beneficiary designation form, the individual must provide their personal information along with the information of the designated beneficiaries, including their names, relationship to the individual, and percentage of the assets they are to receive.
What is the purpose of beneficiary designation form?
The purpose of beneficiary designation form is to ensure that the individual's assets are distributed according to their wishes upon their death, without the need for probate.
What information must be reported on beneficiary designation form?
The beneficiary designation form must include the individual's personal information, the names and relationship of the designated beneficiaries, and the percentage of assets each beneficiary is to receive.
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