Beneficiary designation form; life insurance 2025

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Write the names of the first beneficiary(ies) you would like to receive your benefit after you die. You may name an individual(s), entity (such as a charity, business, religious organization, funeral home, etc.), trust, or estate. You may name more than one.
A designation of beneficiary form outlines your desire to have the funds due upon your death paid out in a particular way.
The primary beneficiary is the first choice of beneficiary made by a financial account owner. While other beneficiaries also may be listed in account or estate documents, this person or organization will receive all of the assets in an account.
As a standard life insurance beneficiary rule, you must explicitly identify each beneficiary with their full name and Social Security number. Pro tip: Do you live in a community property state? If so, youll need your spouses consent to designate a primary beneficiary other than them.
Estranged relatives or former spouses Family relationships can be complicated, so think carefully if an estranged relative or ex-spouse really aligns with your wishes. Pets Pets cant legally own property, so naming them directly as beneficiaries is problematic. Consider a pet trust instead.

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If you are single, you may designate anyone you choose as your beneficiaries, such as a family member, friend, charity, or organization. When choosing a beneficiary, consider who is most important to you and who will benefit the most from your assets.
If you do not name a beneficiary, The Standard will pay the life benefit ing to the policy order. This means your surviving spouse will be paid the benefit as the first person listed in the order.
A beneficiary is the person or entity that you legally designate to receive the benefits from your financial products. For life insurance coverage, that is the death benefit your policy will pay if you die.

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