Get the free Change of Beneficiary Form - University of Alabama System

CHANGE OF BENEFICIARY FORM PRIOR TO RETIREMENT RSA 100-C 01/09-Page 1 of 2 Check One: ? ERS ? TRS Retirement Systems of Alabama P. O. Box 302150 ? Montgomery, AL 36130-2150 334-517-7000 or 877-517-0020

How to fill out change of beneficiary form

How to fill out a change of beneficiary form:

1. Start by obtaining the necessary form from the organization or institution that manages your beneficiary designation. This could be an insurance company, retirement account provider, or any other entity with whom you have a policy or account.
2. Read through the instructions and guidelines provided with the form carefully. Familiarize yourself with the requirements and any specific information that needs to be included.
3. Begin by filling out your personal information accurately and completely. This typically includes your full name, address, social security number, and contact information.
4. Identify the policy or account for which you are making the beneficiary change. Provide the necessary details, such as the policy/account number, plan name, and any other identifying information required.
5. Clearly indicate the current beneficiary information, including their name, relationship to you, and their contact details. This is important for reference and to ensure that the correct beneficiary is being changed.
6. Specify the new beneficiary details in a clear and accurate manner. Include their full name, relationship to you, and their contact information. It is important to provide enough information to accurately identify the new beneficiary.
7. If necessary, indicate the beneficiary percentage or allocation. Some forms may require you to specify the percentage or portion of the benefits that each beneficiary will receive. If this is applicable, ensure you allocate the desired percentages accurately.
8. Carefully review the completed form for any errors or omissions. Double-check all the information provided to make sure it is correct and up to date.
9. Date and sign the form. By signing, you are confirming that the information provided is accurate and that you understand the implications of the beneficiary change.
10. Submit the completed form to the appropriate entity as instructed in the form's guidelines. Follow any additional instructions or procedures provided to ensure the form is properly processed.

Who needs a change of beneficiary form?

A change of beneficiary form is typically required when an individual wants to update or modify the designated beneficiary for a specific policy or account. This can include life insurance policies, retirement accounts, investment accounts, annuities, and other similar assets. Situations where a change of beneficiary form may be necessary include:

1. Personal life changes: Individuals may need to update their beneficiary designation due to marriage, divorce, the birth of a child, or the death of a previous beneficiary.
2. Changes in relationships: If there has been a significant change in the individual's relationship with their current beneficiary, such as a falling out or estrangement, they may wish to designate someone else.
3. Estate planning: As part of estate planning, individuals may reevaluate their beneficiary designations to ensure their assets are distributed according to their wishes and any changes in their family or financial situation.
4. Financial goals: Individuals may want to reallocate their assets and change beneficiaries to align with their current financial goals and priorities.

It is important to regularly review and update beneficiary designations to ensure they accurately reflect your wishes and current circumstances. In case of any doubt or complexity, it is advisable to consult with a qualified professional such as an attorney or financial advisor.

For pdfFiller’s FAQs

What is change of beneficiary form?

A change of beneficiary form is a document that allows the policyholder to update or replace the current beneficiary listed on their insurance policy or investment account.

Who is required to file change of beneficiary form?

The policyholder or account owner is required to file a change of beneficiary form if they wish to make any changes to the current beneficiary designation.

How to fill out change of beneficiary form?

To fill out a change of beneficiary form, the policyholder must provide their personal information, the details of the current beneficiary, and the information of the new beneficiary they wish to designate.

What is the purpose of change of beneficiary form?

The purpose of a change of beneficiary form is to ensure that the policyholder's assets are distributed according to their current wishes in the event of their death.

What information must be reported on change of beneficiary form?

The change of beneficiary form typically requires the policyholder to report their name, policy or account number, the name and contact information of the current beneficiary, and the name and contact information of the new beneficiary.

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