Get the free Beneficiary Designation Form - State of Michigan 401(k) and 457 ...

1-800-748-6128 http://stateofmi.voyaplans.com Designation of Beneficiary Social Security Number or Employee ID (circle one): Participant Information Name Marital Status: Last Single First Initial

How to fill out beneficiary designation form

How to fill out a beneficiary designation form:

1. Obtain the necessary form: Contact your insurance company, retirement plan administrator, or financial institution to obtain the beneficiary designation form. They should be able to provide you with the correct form for your specific account or policy.
2. Start with personal details: Begin by filling in your personal information such as your name, address, date of birth, and contact information. Make sure to provide accurate and up-to-date information.
3. Identify the account or policy: Indicate which account or policy the beneficiary designation form is related to. This could be a life insurance policy, retirement account, investment account, or any other financial account that allows for beneficiary designations.
4. Name primary beneficiaries: Specify the individuals or organizations that will receive the benefits in the event of your death. Include their full names, relationship to you, and their contact information. You may also need to indicate the percentage or portion of the benefits each primary beneficiary will receive.
5. Consider contingent beneficiaries: Contingent beneficiaries are individuals or organizations who would receive the benefits if the primary beneficiaries pass away before you. Include their full names, relationship to you, and their contact information. Again, specify the percentage or portion of the benefits each contingent beneficiary would receive.
6. Review and sign the form: Carefully review all the information you have provided on the beneficiary designation form. Ensure that everything is accurate and reflects your intentions. Then sign and date the form as required. If necessary, you may need to have your signature witnessed or notarized.

Who needs a beneficiary designation form:

1. Individuals with life insurance policies: If you have a life insurance policy, it is essential to complete a beneficiary designation form. This ensures that the proceeds from your policy are distributed according to your wishes in the event of your death.
2. Retirement plan participants: If you have a retirement account, such as a 401(k), IRA, or pension plan, it is crucial to designate beneficiaries using a beneficiary designation form. This allows for the distribution of your retirement savings to your chosen beneficiaries upon your passing.
3. Owners of financial accounts: Some financial accounts, such as investment accounts or bank accounts, may allow for the naming of beneficiaries. It is advisable to complete a beneficiary designation form for such accounts to ensure the smooth transfer of assets to your intended beneficiaries.

Remember, the specific requirements for beneficiary designation forms may vary depending on the type of account or policy you have. It's always best to consult with your insurance company, retirement plan administrator, or financial institution for guidance on completing the form accurately.

For pdfFiller’s FAQs

What is beneficiary designation form?

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

Who is required to file beneficiary designation form?

Any individual who wants to ensure that their assets are distributed according to their wishes after their death should 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 as well as the details of the beneficiaries they wish to designate.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that an individual's assets are passed on to the intended beneficiaries after their death with minimal delay or legal complications.

What information must be reported on beneficiary designation form?

The beneficiary designation form typically requires personal information of the individual filing the form, details of the beneficiaries, and information about the assets being distributed.

How do I execute beneficiary designation form online?

pdfFiller has made it simple to fill out and eSign beneficiary designation form. The application has capabilities that allow you to modify and rearrange PDF content, add fillable fields, and eSign the document. Begin a free trial to discover all of the features of pdfFiller, the best document editing solution.

How do I edit beneficiary designation form on an iOS device?

Yes, you can. With the pdfFiller mobile app, you can instantly edit, share, and sign beneficiary designation form on your iOS device. Get it at the Apple Store and install it in seconds. The application is free, but you will have to create an account to purchase a subscription or activate a free trial.

How do I fill out beneficiary designation form on an Android device?

Use the pdfFiller mobile app and complete your beneficiary designation form and other documents on your Android device. The app provides you with all essential document management features, such as editing content, eSigning, annotating, sharing files, etc. You will have access to your documents at any time, as long as there is an internet connection.