Get the free Designation of Beneficiary

This form allows employees or retirees to designate beneficiaries for their group life insurance policy provided by Aetna Life Insurance Company. It includes sections for primary and contingent beneficiaries,

How to fill out designation of beneficiary

How to fill out Designation of Beneficiary

1. Obtain a Designation of Beneficiary form from your insurance provider or financial institution.
2. Carefully read the instructions provided on the form.
3. Fill in your personal information, including your name, address, and account or policy number.
4. Identify your beneficiaries by providing their full names, relationships to you, and contact information.
5. Specify the percentage of benefits each beneficiary will receive if applicable.
6. Review the form for accuracy and completeness.
7. Sign and date the form in the designated area.
8. Submit the completed form to your insurance company or financial institution as instructed.

Who needs Designation of Beneficiary?

1. Individuals with life insurance policies.
2. Account holders with retirement plans like IRAs or 401(k)s.
3. Policyholders with annuities.
4. Anyone wanting to designate beneficiaries for assets in case of their death.

People Also Ask about

What are beneficiary designations examples?

Beneficiary designations are commonly used with life insurance policies, IRAs, 401(k)s, and other types of accounts with death benefits. For example, you may set up a life insurance policy to name your spouse as your primary beneficiary, with your kids as equal contingent beneficiaries if your spouse predeceases you.

What is the designation of a beneficiary?

Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word “trustee”, or if you cannot provide a trustee, ETF may accept another contact person. The trustee's address.

How do I fill out a beneficiary designation?

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

Should my child be primary or contingent beneficiary?

Do you have a contingent beneficiary in mind if you decide to name your child/children as your primary beneficiaries? Remember that you always want to name contingent beneficiaries so your estate isn't tied up in probate if your primary beneficiary isn't able to receive assets for any reason.

How to fill out a beneficiary designation form?

What is a beneficiary designation? In estate planning, a beneficiary is any person or entity you designate to receive an asset after you're gone. Naming beneficiaries is an integral part of several different estate planning elements, including: A will.

Who should I not name as a beneficiary?

Estranged relatives or former spouses – Family relationships can be complicated, so think carefully if an estranged relative or ex-spouse really aligns with your wishes. Pets – Pets can't legally own property, so naming them directly as beneficiaries is problematic.

For pdfFiller’s FAQs

What is Designation of Beneficiary?

Designation of Beneficiary is a legal document that allows an individual to name one or more beneficiaries who will receive assets or benefits upon the individual's death.

Who is required to file Designation of Beneficiary?

Typically, individuals who have certain financial accounts, insurance policies, or retirement plans are required to file a Designation of Beneficiary to ensure that their chosen beneficiaries receive the intended assets.

How to fill out Designation of Beneficiary?

To fill out a Designation of Beneficiary, you need to provide your personal information, the names and details of the beneficiaries you wish to designate, and, in some cases, their relationships to you. Make sure to review the information for accuracy and sign the document as required.

What is the purpose of Designation of Beneficiary?

The purpose of Designation of Beneficiary is to simplify the transfer of assets upon death, bypassing the probate process and ensuring that assets are distributed according to the individual's wishes.

What information must be reported on Designation of Beneficiary?

The information that must be reported typically includes the account holder's details, the names of the beneficiaries, their contact information, their social security numbers, and any specific assets or percentages of assets being designated to each beneficiary.