Get the free Change of Beneficiary Form CB-1doc - utuia

UTC Insurance Association 24950 Country Club Blvd., Suite 340 North Olmsted, Ohio 44070-5333 Phone 216-228-9400 www.utuia.org CHANGE OF BENEFICIARY REQUEST For approval and endorsement, this request

How to fill out change of beneficiary form

How to fill out a change of beneficiary form:

1. Obtain the form: Contact the relevant financial institution or insurance company to request a change of beneficiary form. Often, these forms can be found on their website or by reaching out to their customer service department.
2. Fill in personal information: Provide your full name, address, date of birth, and other required personal details as stated on the form. Make sure to fill out all the necessary sections accurately and legibly.
3. Current beneficiary details: Indicate the details of the current beneficiary, such as their full name, address, and relationship to you. This step is important as it helps the institution identify the existing beneficiary and make the necessary changes.
4. New beneficiary details: Enter the updated information for the new beneficiary. Include their full name, address, and relationship to you. Be sure to double-check the accuracy of the provided details to avoid any potential complications.
5. Specify the percentage or share: If applicable, clearly state the percentage or specific share of the benefit that each new beneficiary is entitled to receive upon your passing. Consult the instructions on the form for guidance on how to fill out this section correctly.
6. Date and sign the form: Enter the current date on which you are filling out the form, and then sign it. Some forms may require you to have your signature witnessed or notarized, so follow the instructions provided by the institution accordingly.

Who needs a change of beneficiary form?

A change of beneficiary form is necessary for individuals who want to update or modify their designated recipient(s) for specific financial accounts or insurance policies. This could potentially include:

1. Life insurance policyholders: If you have a life insurance policy, you may need to update the beneficiary information when certain life circumstances change, such as marriage, divorce, or the birth of a child.
2. Retirement account holders: Individuals who have retirement savings accounts, such as IRAs or 401(k)s, may need to complete a change of beneficiary form to ensure their funds are distributed according to their current wishes.
3. Investment account holders: Those who hold investment accounts, such as brokerage or mutual fund accounts, may also require a change of beneficiary form to specify who should receive the assets in the event of their death.

Remember, it is important to regularly review your beneficiary designations and update them if necessary to reflect any changes in your personal circumstances or wishes.

For pdfFiller’s FAQs

What is change of beneficiary form?

A change of beneficiary form is a document used to update or modify the designated recipient of benefits from a financial account or insurance policy.

Who is required to file change of beneficiary form?

The account or policy owner is typically required to file a change of beneficiary form.

How to fill out change of beneficiary form?

To fill out a change of beneficiary form, you will need to provide your account or policy information, 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 benefits of the account or policy are distributed according to the account or policy owner's wishes.

What information must be reported on change of beneficiary form?

The change of beneficiary form typically requires information such as the account or policy owner's name, account or policy number, current beneficiary's name, and new beneficiary's name.

How do I make changes in change of beneficiary form?

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