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Reset Form Beneficiary Designation of Plan Participant This Form is provided solely for the convenience of the Plan Administrator. None of the information provided in this Form shall be maintained or acted upon by John Hancock Retirement Plan Services. Please see your Plan Administrator for a Spousal Consent Form if naming a Primary Beneficiary other than your spouse. Married Participant Unmarried Participant I understand that the following desi...
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How to fill out john hancock site pdffiller
How to fill out John Hancock beneficiary designation:
01
Obtain the necessary forms: Visit the John Hancock website or contact their customer service to obtain the beneficiary designation form. This form may also be available through your employer or plan sponsor.
02
Provide personal information: Fill in your personal information accurately. This may include your full name, contact information, Social Security number, and date of birth.
03
Choose primary and contingent beneficiaries: Indicate who you want to be the primary beneficiary, meaning they will receive the death benefit if you pass away. You may also designate contingent beneficiaries who will receive the benefit only if the primary beneficiary predeceases you.
04
Specify the beneficiary's relationship: Indicate the relationship of each beneficiary to you. Common options can include spouse, child, parent, sibling, or friend. Some forms may require you to provide the beneficiary's Social Security number and date of birth as well.
05
Determine the percentage allocation: Allocate the death benefit among the beneficiaries. You can divide it equally or specify different percentages for each beneficiary. Ensure the total adds up to 100%.
06
Consider special instructions: If you have specific instructions or wishes regarding the payment of the death benefit, you can provide additional details in the designated section. This may include directing how the benefit should be distributed among multiple beneficiaries or specifying any conditions for receiving the benefit.
Who needs John Hancock beneficiary designation?
01
Individuals with life insurance policies: If you have a life insurance policy from John Hancock or any other company, it is essential to designate beneficiaries to ensure the benefit is distributed according to your wishes.
02
Participants in retirement plans: If you have a retirement plan, such as a 401(k) or an IRA, you can designate beneficiaries to inherit the funds in case of your death. This ensures the retirement savings are directed to the right people.
03
Anyone with other investment or financial accounts: Apart from life insurance and retirement plans, various financial accounts, such as brokerage accounts or annuities, typically allow individuals to designate beneficiaries. This helps ensure the assets pass to the intended individuals.
Remember, it's crucial to periodically review and update your beneficiary designations as life circumstances change, such as marriage, divorce, or the birth of children.
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What is printable standard beneficiary designations?
Printable standard beneficiary designations are forms that individuals can fill out to designate beneficiaries for their assets or benefits in the event of their death.
Who is required to file printable standard beneficiary designations?
Anyone who wishes to designate beneficiaries for their assets or benefits should fill out printable standard beneficiary designations.
How to fill out printable standard beneficiary designations?
To fill out printable standard beneficiary designations, you need to provide your personal information, such as your name, date of birth, and contact details, as well as the information of your chosen beneficiaries.
What is the purpose of printable standard beneficiary designations?
The purpose of printable standard beneficiary designations is to ensure that your assets or benefits are distributed according to your wishes in the event of your death, avoiding potential conflicts or confusion among your heirs.
What information must be reported on printable standard beneficiary designations?
On printable standard beneficiary designations, you must report your personal information, such as your name, date of birth, and contact details, as well as the personal information of your chosen beneficiaries.
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