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275 East Broad Street Columbus, OH 432153771 8882277877 www.strsoh.orgState Teachers Retirement System of OhioDESIGNATION OF BENEFICIARIES BEFORE BENEFIT PAYMENTS FOR COMBINED PLAN PARTICIPANTS (Members
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How to fill out designation of beneficiaries before
How to fill out designation of beneficiaries before
01
To fill out the designation of beneficiaries form, follow these steps:
02
- Obtain the designation of beneficiaries form from the appropriate source. This could be your employer, insurance provider, or financial institution.
03
- Read the instructions on the form carefully to understand the information required.
04
- Provide your personal details, including your name, address, and contact information.
05
- Specify the beneficiaries you wish to designate. Include their names, relationship to you, and their contact details, if applicable.
06
- Indicate the percentage or share of the proceeds each beneficiary should receive.
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- Sign and date the form, and ensure it is witnessed or notarized as required.
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- Submit the completed form to the designated recipient. This could be your employer's HR department, insurance company, or financial institution.
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- Keep a copy of the form for your records.
Who needs designation of beneficiaries before?
01
Designation of beneficiaries may be needed by individuals who have or anticipate having assets or benefits that can be passed on to someone after their death. This could include individuals with life insurance policies, retirement accounts, investment accounts, or employer-provided benefits such as pensions or stock options.
02
Having a designated beneficiary can ensure that your assets are distributed according to your wishes and can also help avoid potential legal disputes or delays in the distribution process.
03
It is especially important for individuals with dependents or loved ones who rely on their financial support to designate beneficiaries, as it provides some financial security for their future.
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