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Celebrate living fwd.com.sgInstructions for filling up the prescribed statutory forms With effect from 1 Sep 2009, the nomination of beneficiaries framework is governed by the Insurance Act and Insurance
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How to fill out nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee
How to fill out nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys
01
Obtain the Nomination of Beneficiary Form 3 from the insurance company or download it from their website.
02
Fill in your personal details such as name, address, contact information, and policy number.
03
Clearly indicate the appointment or revocation of appointment of trustee for the policy moneys.
04
Provide the details of the trustee including their name, address, and relationship to you.
05
Sign and date the form in the presence of a witness who must also sign and provide their details.
06
Submit the completed form to the insurance company either in person or via mail.
07
Keep a copy of the form for your records.
Who needs nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys?
01
Anyone who has a life insurance policy with a nominated beneficiary and wishes to appoint or revoke the appointment of a trustee for the policy moneys will need the Nomination of Beneficiary Form 3.
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What is nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys?
The nomination-of-beneficiary-form-3 is a legal document used to appoint or revoke the appointment of a trustee to manage the policy moneys in the event of the policyholder's death.
Who is required to file nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys?
Policyholders who wish to designate or change the beneficiaries and appoint or revoke a trustee for their insurance policy are required to file this form.
How to fill out nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys?
To fill out the form, provide personal details including name, address, policy number, and specify the beneficiaries along with their relationship to the policyholder, as well as the details of the appointed trustee if applicable.
What is the purpose of nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys?
The purpose of this form is to ensure that the policy moneys are distributed according to the policyholder's wishes upon their death and to designate a trustee who will manage these funds.
What information must be reported on nomination-of-beneficiary-form-3-appointment-or-revocation-of-appointment-of-trustee-of-policy-moneys?
The form must report the policyholder's details, policy number, names and details of beneficiaries, relationship to the policyholder, and the trustee's information if a new appointment is made.
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