Get the free Change of Beneficiary Form - Egyptian Trust - egtrust

The Lincoln National Life Insurance Company, PO Box 2616, Omaha, NE 68103-2616 toll-free (800) 423-2765 Fax (877) 573-6177 www.LincolnFinancial.com BENEFICIARY DESIGNATION FORM Policyholder/Employer

How to fill out change of beneficiary form

How to fill out a change of beneficiary form:

1. Obtain the form: Contact the relevant institution, such as an insurance company or retirement plan administrator, to request a change of beneficiary form. They may provide it online, through email, or via regular mail.
2. Read the instructions: Carefully review the instructions accompanying the form. Different institutions may have specific requirements or guidelines for filling out the form correctly.
3. Provide personal details: Fill in your personal information as the account or policyholder. This typically includes your full name, address, phone number, and social security number.
4. Specify the account or policy: Indicate the specific account or policy for which you want to change the beneficiary. Include relevant identification numbers or policy details if required.
5. Identify the current beneficiary: Clearly state the current beneficiary's full name and their relationship to you (e.g., spouse, child, parent).
6. Select new beneficiary details: Provide the full name, relationship, and any other required information for the proposed new beneficiary. Include their contact information, such as address and phone number.
7. State the percentage of distribution: If you want to allocate the policy proceeds or account balance among multiple beneficiaries, specify the percentage each should receive. Ensure the total adds up to 100%.
8. Date and sign the form: Verify the form's signature requirements, which may include a witness or a notary public. Sign and date the form accordingly.
9. Submit the form: Follow the instructions for submitting the completed form. This may involve mailing it to the designated address or submitting it online through a secure portal.
10. Keep a copy: Make a photocopy or take a picture of the completed form for your records before submitting it. This will help you retain proof of your request.

Who needs a change of beneficiary form?

Individuals who have existing insurance policies, retirement accounts, pensions, or other financial products that allow for beneficiary designations may need a change of beneficiary form. Here are a few scenarios where individuals often need to update their beneficiaries:

1. Life changes: After significant life events like marriage, divorce, the birth or adoption of a child, or the death of a current beneficiary, updating the beneficiary designation becomes necessary.
2. Estate planning: As part of estate planning, individuals may want to review and modify their beneficiary designations to align with their current wishes and overall estate plan.
3. Changing relationships: When a person's relationship with a current beneficiary changes, such as estrangement or a breakdown in trust, they might decide to remove that individual and designate a new beneficiary.
4. Maximizing benefits: Sometimes, individuals need to make adjustments to ensure their assets are distributed according to their current priorities, which may involve adding or removing beneficiaries.
5. Financial considerations: Individuals may want to update beneficiary designations to ensure appropriate financial support for loved ones or to comply with legal requirements.

Remember, it's crucial to consult with a legal or financial professional to fully understand the implications and potential tax consequences when making changes to beneficiary designations.

For pdfFiller’s FAQs

What is change of beneficiary form?

A change of beneficiary form is a document used to update the designated recipient of benefits in a financial or insurance policy.

Who is required to file change of beneficiary form?

The policyholder or account owner is typically required to file a change of beneficiary form to update the beneficiary designation.

How to fill out change of beneficiary form?

To fill out a change of beneficiary form, the policyholder must provide their name, policy or account information, the current beneficiary information, and the new beneficiary information.

What is the purpose of change of beneficiary form?

The purpose of a change of beneficiary form is to ensure that the desired individual or entity will receive the financial benefits in the event of the policyholder's death.

What information must be reported on change of beneficiary form?

The change of beneficiary form typically requires information such as the policyholder's name, policy or account details, current beneficiary information, and new beneficiary information.

How can I edit change of beneficiary form from Google Drive?

By combining pdfFiller with Google Docs, you can generate fillable forms directly in Google Drive. No need to leave Google Drive to make edits or sign documents, including change of beneficiary form. Use pdfFiller's features in Google Drive to handle documents on any internet-connected device.

Can I create an eSignature for the change of beneficiary form in Gmail?

Use pdfFiller's Gmail add-on to upload, type, or draw a signature. Your change of beneficiary form and other papers may be signed using pdfFiller. Register for a free account to preserve signed papers and signatures.

How do I edit change of beneficiary form on an iOS device?

Use the pdfFiller app for iOS to make, edit, and share change of beneficiary form from your phone. Apple's store will have it up and running in no time. It's possible to get a free trial and choose a subscription plan that fits your needs.