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Primary and Contingent Beneficiaries Unless you designate a percentage, proceeds are paid to primarily surviving beneficiaries in equal shares. ... If you designate contingent beneficiaries and do
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How to fill out if you designate contingent
How to fill out if you designate contingent
01
Begin by opening the designated area for filling out the contingent designation.
02
Provide the necessary information about the designated individual or organization.
03
Clearly state the relationship or reason for designating the contingent.
04
Double-check your entry for accuracy and completeness.
05
Sign and date the contingent designation form.
Who needs if you designate contingent?
01
If you want to have an alternative beneficiary or recipient in case the primary beneficiary is unable to receive the designated benefits or fulfill the designated role, you may need to fill out a contingent designation.
02
Individuals or organizations who want to ensure that their assets, benefits, or responsibilities are not left unattended or wasted in case of a specific event or circumstance may also choose to designate a contingent.
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