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Metropolitan Life Insurance Company BENEFICIARY DESIGNATION Please read Instructions on next page before completing this form. Do not erase or attempt to make corrections; use a new form. Name of

How to fill out life insurance beneficiary designation

How to Fill Out Life Insurance Beneficiary Designation:

1. Obtain the beneficiary designation form from your life insurance provider.
2. Provide your personal information, including your full name, address, and contact details.
3. Specify the policy number or account number associated with the life insurance policy.
4. Indicate the type of beneficiary designation you are making – primary, contingent, or both.
5. Provide the full name, relationship, and contact details of the primary beneficiary/beneficiaries.
6. If you are designating multiple beneficiaries, specify the percentage or share of the policy proceeds they will receive.
7. If you want to establish contingent beneficiaries, provide their full name, relationship, and contact details.
8. In some cases, you may need to include the Social Security number or date of birth of the beneficiaries for identification purposes.
9. Review the form for accuracy and completeness before signing and dating it.
10. Submit the completed beneficiary designation form to your life insurance provider. Make sure to keep a copy for your records.

Who Needs Life Insurance Beneficiary Designation:

1. Individuals who have purchased a life insurance policy should consider designating beneficiaries.
2. Married individuals often designate their spouse as the primary beneficiary to ensure financial security in the event of their death.
3. Parents may designate their children as primary beneficiaries to provide financial support and protection for their future.
4. Single individuals may choose to designate family members, close friends, or charitable organizations as beneficiaries.
5. Business owners may designate their business partners or key employees as beneficiaries to ensure the continuity of the business.
6. Individuals with multiple life insurance policies may need to revisit their beneficiary designations to ensure they align with their current wishes and priorities.
7. It is important for everyone to regularly review and update their beneficiary designations to account for significant life events, such as marriage, divorce, birth of a child, or the death of a beneficiary.

For pdfFiller’s FAQs

What is life insurance beneficiary designation?

Life insurance beneficiary designation is the process of selecting a person or entity to receive the death benefit of a life insurance policy.

Who is required to file life insurance beneficiary designation?

The policyholder is required to file a life insurance beneficiary designation by naming the individual or entity who will receive the death benefit.

How to fill out life insurance beneficiary designation?

To fill out a life insurance beneficiary designation, the policyholder must clearly state the full name, relationship, date of birth, and percentage of the death benefit that each beneficiary will receive.

What is the purpose of life insurance beneficiary designation?

The purpose of life insurance beneficiary designation is to ensure that the death benefit of the policy is paid out according to the policyholder's wishes.

What information must be reported on life insurance beneficiary designation?

The information that must be reported on a life insurance beneficiary designation form includes the full name, relationship, date of birth, and percentage of the death benefit for each named beneficiary.

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