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City of Lincoln, Nebraska, Police & Fire Pension Plan Lump Sum Beneficiary Designation Form MEMBER INFORMATION NAMESSNADDRESS CITYStateZip Code, the undersigned, a Member of the City of Lincoln, Nebraska,
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How to fill out beneficiary designation lump sum
How to fill out beneficiary designation lump sum
01
Obtain the necessary forms from your financial institution or retirement account provider.
02
Provide your personal information such as name, address, and account details.
03
Identify the beneficiary by providing their name, relationship to you, and their contact information.
04
Specify the percentage of the lump sum each beneficiary should receive.
05
Review the form for accuracy and sign it in the presence of a witness if required.
06
Submit the completed form to your financial institution or retirement account provider.
Who needs beneficiary designation lump sum?
01
Individuals who have retirement accounts or life insurance policies with designated beneficiaries.
02
People who want to ensure that their assets are distributed according to their wishes after their passing.
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What is beneficiary designation lump sum?
Beneficiary designation lump sum is a form of payout option where the beneficiary receives the entire account balance in a single payment upon the death of the account holder.
Who is required to file beneficiary designation lump sum?
The beneficiary designated by the account holder is required to file for the lump sum payment.
How to fill out beneficiary designation lump sum?
To fill out beneficiary designation lump sum, the beneficiary needs to submit a completed form provided by the financial institution holding the account.
What is the purpose of beneficiary designation lump sum?
The purpose of beneficiary designation lump sum is to provide the beneficiary with a one-time payment of the account balance after the death of the account holder.
What information must be reported on beneficiary designation lump sum?
The beneficiary must report their personal information, relationship to the account holder, and account details on the beneficiary designation form.
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