Get the free Beneficiary Designation Form - nebraska

ASSURING LIFE INSURANCE COMPANY Policy owner s BENEFICIARY DESIGNATION Post Office Box 82533, Lincoln, NE 68501-2533 (402) 476-6500 (800) 869-0355 FAX (402) 437-4658 First Middle Last Insured s Name

How to fill out beneficiary designation form

How to fill out beneficiary designation form:

1. Obtain the form: Start by obtaining the beneficiary designation form from the appropriate source, such as your employer, insurance company, or financial institution. This form is typically required for various types of accounts or policies, including retirement plans, life insurance policies, and investment accounts.
2. Provide personal information: Begin by providing your personal information, including your full name, address, date of birth, and social security number. This information helps the institution accurately identify you as the account owner or policyholder.
3. Select primary and contingent beneficiaries: Next, specify the primary beneficiary or beneficiaries who will receive the assets or benefits upon your passing. This can include individuals, such as family members or friends, or entities, such as charitable organizations. Additionally, you may also need to designate contingent beneficiaries who would receive the assets if the primary beneficiaries predecease you.
4. Specify the percentage or allocation: Indicate the percentage or specific allocation of the assets that each primary and contingent beneficiary should receive. This step is crucial, especially if you have multiple beneficiaries and want to distribute the assets in a specific manner.
5. Provide contact information: Include the contact details (addresses, phone numbers, and email addresses) of the beneficiaries to ensure effective communication with them in the future. This information helps the institution or executor of your estate reach out to the beneficiaries when necessary.
6. Consider special circumstances: If any of your beneficiaries are minors or have special circumstances that require extra precautions or instructions, make sure to include those details in the form. You may appoint a guardian or specify how the assets should be managed until the beneficiary reaches a certain age or meets certain criteria.
7. Review and sign the form: Carefully review the completed form to ensure accuracy and compliance with the institution's requirements. Once satisfied, sign and date the form to validate your instructions. Some forms may require witness signatures or notarization, so follow the provided instructions accordingly.

Who needs a beneficiary designation form?

1. Employees with workplace retirement plans: Individuals contributing to workplace retirement plans, such as 401(k)s or pensions, usually need to complete a beneficiary designation form to determine who will receive the funds in the event of their death.
2. Life insurance policyholders: Policyholders who have life insurance policies need to designate beneficiaries to ensure that the death benefit is distributed according to their wishes.
3. Individuals with investment accounts: Those who own investment accounts, such as brokerage or mutual fund accounts, may need to complete a beneficiary designation form to determine who will inherit their investments upon their passing.

In summary, the process of filling out a beneficiary designation form involves obtaining the form, providing personal information, selecting beneficiaries, specifying percentages or allocations, providing contact information, considering special circumstances, reviewing, and signing the form. This form is typically required for individuals with workplace retirement plans, life insurance policies, and investment accounts.

For pdfFiller’s FAQs

What is beneficiary designation form?

The beneficiary designation form is a legal document that allows an individual to specify who will receive their assets or benefits upon their death.

Who is required to file beneficiary designation form?

Any individual who has assets or benefits that they want to designate to a specific beneficiary upon their death is required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, an individual must provide their personal information, the name and contact information of the beneficiary, and specify the assets or benefits being designated.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that an individual's assets or benefits are distributed according to their wishes upon their death.

What information must be reported on beneficiary designation form?

The beneficiary designation form must include personal information of the individual filing the form, the name and contact information of the designated beneficiary, and details of the assets or benefits being designated.

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