It is not necessary to designate a beneficiary. However, should you wish to do so, please forward the following details in writing to BerkelyCare, 159 E. County Line Road, Hatboro, PA 19040: full name of the insured, phone number, street address; program name and UATP membership number; name(s) of beneficiary(ies); if multiple beneficiaries, percentage per beneficiary; and signature of the insured.

The University provides employees with fringe benefits. Generally, benefits relate to retirement, health insurance, disability insurance, and life insurance. For retirement and life insurance, an employee may designate one or more beneficiaries to receive a benefit in the event of the employee’s death. An employee can change a beneficiary designation at any time.

You may avoid probate on the transfer of some assets at your death through the use of beneficiary designations. Laws regarding what assets may be transferred without probate (non-probate transfer laws) vary from state to state. Some common examples include life insurance death benefits and bank accounts.

Upon retirement, if you are married, your spouse will automatically be your beneficiary for benefits that may be payable should you die after you have begun receiving pension payments.

Minor children may be named as beneficiaries, however, while your children are legally considered minors, you must also appoint a Trustee. In the event of your death, your children may have to wait until age 19 before the life insurance funds can be released if no trustee has been appointed. To enroll in the Optional Life Insurance plan, complete an application form (for faculty form, click here and for staff form, click here).

The Welfare Fund life insurance benefit is $50,000. You must designate a beneficiary for this benefit. You may change your beneficiary at any time. Beneficiary Designation Cards are available at the FUSE office.

Making a gift of RRSPs/RRIFs is easy to do. You simply change the beneficiary information on the plan document and advise the institution holding your retirement account of the change. We strongly suggest that you seek legal and tax counsel to review your situation before making any changes to your estate plans. Upon request, SickKids Charitable Giving Fund can introduce you to a qualified professional from our SickKids Legacy Advisors program.

Yes, a trust may be named as the beneficiary. To name the trust as a beneficiary, please enter the full name and Tax ID number of the trust in the beneficiary section of your application or Change of Beneficiary Form.

When someone purchases a certificate, a beneficiary must be designated. The purchaser may, at any time before the certificate expires, re-designate the beneficiary of all or some of the certificate units. This can be done by contacting the Calvin College Financial Services Office. If the beneficiary of the certificate is re-designated, the expiration date will be adjusted according to the new beneficiary’s age.

An estate cannot be a designated beneficiary of a 401k plan. [Treas. Reg. 1.401(a) (9)-4 Q&A 3]. A trust itself cannot be a designated beneficiary, but individuals who are beneficiaries of the trust are treated as designated beneficiaries if the trust meets the following requirements:

If you are a member you can complete the beneficiary form that is available on-line, otherwise contact Donna-Marie Henry (ex. 9425) to obtain the beneficiary form, fill it out, and return it to the SRSPF. (back to top)

No. Death Benefits payable before retirement are the Qualified Pre-Retirement Survivor Annuity or the Pre-Retirement Death Benefit. The Qualified Pre-Retirement Survivor Annuity is automatically paid to your spouse, if you have one. The Pre-Retirement Death Benefit is automatically paid to your spouse or, if you are not married, to your estate.

Yes, more than one person may be selected as your beneficiary. However, you must designate the same beneficiary(ies) for Basic Life, Optional Life and AD&D. Basic Life/Optional Life/AD&D Beneficiary Designation Form (PDF)

When you apply fo VGLI, you can name any person, firm, corporation or legal entity as the beneficiary of your VGLI. To change a beneficiary, complete, sign and submit to OSGLI: form SGLV 8721, Beneficiary Designation - Veterans' Group Life Insurance.

If you choose not to designate a specific agency or participating organization, your gift will be distributed proportionately to the nine participating organizations/funds.