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GROUP LIFE BENEFICIARY DESIGNATION This form is used to indicate who you wish to receive the proceeds of your group life policy in the event of your death. For optimum accuracy, please print in capital
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How to fill out group life beneficiary designation
How to fill out group life beneficiary designation
01
Obtain the beneficiary designation form from your group life insurance provider.
02
Fill out your personal information accurately, including your full name, date of birth, and contact information.
03
Indicate the percentage or dollar amount you want to allocate to each beneficiary listed.
04
Provide the beneficiaries' full names, relationship to you, and their contact information.
05
Sign and date the form.
06
Submit the completed form to your group life insurance provider.
Who needs group life beneficiary designation?
01
Anyone who has group life insurance should consider filling out a beneficiary designation form.
02
This includes employees who have group life insurance through their employer.
03
It is important to designate beneficiaries to ensure that the life insurance proceeds go to the intended individuals in the event of your death.
04
By designating beneficiaries, you can ensure that your loved ones or preferred individuals receive the financial protection provided by your group life insurance policy.
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What is group life beneficiary designation?
Group life beneficiary designation is a form that allows a participant to designate who will receive the benefits of their life insurance policy in the event of their death.
Who is required to file group life beneficiary designation?
Participants in a group life insurance plan are typically required to file a beneficiary designation form.
How to fill out group life beneficiary designation?
To fill out a group life beneficiary designation, the participant must provide the name, relationship, and contact information of the beneficiary.
What is the purpose of group life beneficiary designation?
The purpose of group life beneficiary designation is to ensure that the benefits of the life insurance policy are distributed according to the participant's wishes.
What information must be reported on group life beneficiary designation?
On a group life beneficiary designation form, the participant must report the name, relationship, and contact information of the beneficiary.
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