Get the free Change of Beneficiary Form for RRSP - Fondaction

Fillable Form Change of Beneficiary Form for RESP Fond action Suite 103 2175 de Maisonette Boulevard East Montreal (Quebec) H2K 4S3 Phone: 1 800 253-6665 Complete a separate form for each contract

How to fill out change of beneficiary form

How to fill out change of beneficiary form:

1. Obtain the form: The first step is to locate the change of beneficiary form. This form is usually provided by your insurance company, retirement plan administrator, or financial institution. You can request the form directly from them or download it from their website.
2. Provide personal information: Begin filling out the form by providing your personal information, such as your full name, address, Social Security number, and contact information. Make sure to double-check the accuracy of the information before proceeding.
3. Identify the policy or account: Indicate the specific policy or account for which you are making the beneficiary change. Provide the policy or account number, if applicable, to ensure the change is applied correctly.
4. Specify current beneficiaries: In this section, list the current beneficiaries of the policy or account. Include their full names, relationship to you, and their respective shares or percentages of the benefit. If there are no current beneficiaries, write "None" or "N/A" in the appropriate fields.
5. Add new beneficiaries: Clearly state the full names and relationship to you of the new beneficiaries you wish to designate. Specify the share or percentage of the benefit that each new beneficiary should receive. If there are multiple new beneficiaries, ensure the total distribution adds up to 100%.
6. Provide contact information for new beneficiaries: It is important to include the contact information of the new beneficiaries so that the insurance company or financial institution can reach out to them if necessary. Include their addresses, phone numbers, and email addresses, if available.
7. Sign and date the form: Read through the form carefully to ensure all the information is correct and complete. Once you are satisfied, sign and date the form in the designated spaces.

Who needs a change of beneficiary form:

1. Life insurance policyholders: Individuals who have life insurance policies and wish to update or modify the intended beneficiaries may need a change of beneficiary form. This ensures that the policy's death benefit is distributed according to their current wishes.
2. Retirement plan participants: If you are enrolled in a retirement plan, such as a 401(k) or IRA, and want to make changes to the beneficiaries who will receive the plan's assets upon your death, you will likely require a change of beneficiary form.
3. Account holders with payable-on-death (POD) accounts: POD accounts are bank or investment accounts where the assets are automatically transferred to the designated beneficiaries upon the account holder's death. To update the beneficiaries of a POD account, a change of beneficiary form is typically necessary.

Remember, it is important to consult with a legal or financial professional if you have any specific questions or concerns regarding the change of beneficiary form, as they can provide guidance tailored to your individual circumstances.

For pdfFiller’s FAQs

What is change of beneficiary form?

A change of beneficiary form is a document that allows an account holder to update or modify the recipient of their benefits or assets.

Who is required to file change of beneficiary form?

Any account holder who wishes to change the designated recipient of their benefits or assets is required to file a change of beneficiary form.

How to fill out change of beneficiary form?

To fill out a change of beneficiary form, the account holder must provide their personal 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 intended recipient of benefits or assets is updated, in case of any changes in the account holder's circumstances.

What information must be reported on change of beneficiary form?

The change of beneficiary form must include the account holder's name, account information, current beneficiary's information, new beneficiary's information, and date of the change.

How do I make changes in change of beneficiary form?

pdfFiller not only lets you change the content of your files, but you can also change the number and order of pages. Upload your change of beneficiary form to the editor and make any changes in a few clicks. The editor lets you black out, type, and erase text in PDFs. You can also add images, sticky notes, and text boxes, as well as many other things.

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