Get the free Beneficiary Change Form - CollegeAdvantage

UNION MKT9167 EXCHANGE 0314-Page 1 of 7 DO NOT STAPLE CollegeAdvantage Direct 529 Savings Plan Beneficiary Change Form Complete this form if you are transferring to a new Beneficiary all or part of

How to fill out beneficiary change form

How to fill out beneficiary change form?

1. Begin by obtaining the beneficiary change form from the relevant institution or organization. This may include insurance companies, retirement plans, or financial institutions.
2. Carefully read the instructions provided with the form to ensure that you understand the requirements and any supporting documents that may be required.
3. Fill out the personal information section, which usually includes your name, social security number, date of birth, and contact information. Make sure to provide accurate and up-to-date information.
4. Identify and provide the necessary details of the current beneficiary or beneficiaries. This may include their full name, relationship to you, and their contact information.
5. Clearly indicate the percentage or share of the benefits you want to allocate to each beneficiary. This should add up to 100% or the total percentage allotted for distribution.
6. If you wish to designate contingent beneficiaries, also include their information and specify their relationship to you. Contingent beneficiaries will receive the benefits if the primary beneficiaries are unable to.
7. Review the form carefully before submitting it. Ensure that all information is accurately filled out and that you have signed and dated the form where required.

Who needs beneficiary change form?

1. Individuals with life insurance policies often need to fill out a beneficiary change form. This allows them to update or change the person or persons who will receive the policy's proceeds upon their death.
2. Retirement plan participants, such as those with Individual Retirement Accounts (IRAs) or employer-sponsored retirement plans, may also need to complete a beneficiary change form. This ensures that the designated beneficiaries can receive the remaining balance or benefits generated from the retirement plan after the participant's death.
3. Trusts and estate plans often require beneficiary change forms to be filled out when there is a change in the beneficiaries. This helps ensure that the assets held in the trust or estate are distributed according to the wishes of the grantor or deceased individual.
4. Some financial institutions may also require their account holders to complete beneficiary change forms. This is typically related to investment or brokerage accounts and ensures a smooth transfer of assets to the designated beneficiaries upon the account holder's death.

Note: The specific requirements and procedures for filling out a beneficiary change form may vary depending on the institution or organization. It's always advisable to contact the relevant entity and seek their guidance if you have any doubts or questions about the process.

For pdfFiller’s FAQs

How do I modify my beneficiary change form in Gmail?

In your inbox, you may use pdfFiller's add-on for Gmail to generate, modify, fill out, and eSign your beneficiary change form and any other papers you receive, all without leaving the program. Install pdfFiller for Gmail from the Google Workspace Marketplace by visiting this link. Take away the need for time-consuming procedures and handle your papers and eSignatures with ease.

How can I modify beneficiary change form without leaving Google Drive?

By combining pdfFiller with Google Docs, you can generate fillable forms directly in Google Drive. No need to leave Google Drive to make edits or sign documents, including beneficiary change form. Use pdfFiller's features in Google Drive to handle documents on any internet-connected device.

How do I edit beneficiary change form in Chrome?

Get and add pdfFiller Google Chrome Extension to your browser to edit, fill out and eSign your beneficiary change form, which you can open in the editor directly from a Google search page in just one click. Execute your fillable documents from any internet-connected device without leaving Chrome.

What is beneficiary change form?

Beneficiary change form is a document used to update the designated beneficiary for a particular account or policy.

Who is required to file beneficiary change form?

The account holder or policy owner is required to file beneficiary change form in order to make any changes to the designated beneficiary.

How to fill out beneficiary change form?

To fill out beneficiary change form, you need to provide your personal information, account details, and the updated beneficiary information in the designated sections of the form.

What is the purpose of beneficiary change form?

The purpose of beneficiary change form is to ensure that the correct individual or entity receives the benefits from the account or policy in case of the account holder or policy owner's death.

What information must be reported on beneficiary change form?

The beneficiary change form typically requires the account holder or policy owner to provide their name, contact information, account details, and the updated beneficiary's name, relationship, and contact information.