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FREESTANDING GROUP LIFE ASSURANCE BENEFICIARY NOMINATION EMPLOYER NAME ___MEMBER DETAILS MEMBER NO. ___ SURNAME ___EMPLOYEE NO. ___FIRST NAMES ___DATE OF BIRTH ___IDENTITY NUMBER ___RESIDENTIAL ADDRESS

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How to fill out group life beneficiary designations

01

Obtain the necessary forms from your group life insurance provider.

02

Fill in your personal information including your name, address, and policy number.

03

Clearly identify each beneficiary by providing their full name, relationship to you, and date of birth.

04

Indicate the percentage of the death benefit that each beneficiary should receive.

05

Review the completed form for accuracy and make any necessary corrections before submitting it to your insurance provider.

Who needs group life beneficiary designations?

01

Anyone who has a group life insurance policy through their employer or organization should designate beneficiaries to ensure that their death benefits are distributed according to their wishes.

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What is group life beneficiary designations?

Group life beneficiary designations are formal declarations made by individuals who are part of a group life insurance policy, specifying who will receive the policy's benefits upon the insured individual's death.

Who is required to file group life beneficiary designations?

Typically, all participants in a group life insurance plan are required to file beneficiary designations to ensure that their death benefits are distributed according to their wishes.

How to fill out group life beneficiary designations?

To fill out group life beneficiary designations, individuals must complete a designated form provided by the employer or insurance company, including details such as the beneficiary's name, relationship to the insured, and other required information.

What is the purpose of group life beneficiary designations?

The purpose of group life beneficiary designations is to clearly define who will receive the death benefits of the life insurance policy, thereby preventing any disputes or confusion after the insured's death.

What information must be reported on group life beneficiary designations?

Information that must be reported includes the beneficiary's full name, relationship to the insured, date of birth, contact information, and any contingent beneficiaries if applicable.

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