Designation of Beneficiary - Continuation (VRS-2A) - Virginia: Fill out & sign online

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What is the standard beneficiary designation?

The Standard Designation of Beneficiary on the form directs your death benefits to your surviving next of kin. If you select the standard designation, you automatically provide for changes that occur in your family situation such as marriage, birth, divorce, or death.

What is a standard beneficiary designation with contingent options?

A contingent beneficiary designation enables an Annuitant to make one primary and secondary beneficiary designation. The secondary beneficiary designation would only come into effect if the primary beneficiary predeceases the Annuitant.

What percentage should I put for beneficiary?

If you decide to have more than one beneficiary, you will allocate a percentage of the death benefit for each, so that the total allocation equals 100%. A simple example of this would be allocating 50% to your partner, and 25% to each of your two children, for a total of 100%.

What is the standard designation of beneficiary?

The Standard Designation of Beneficiary on the form directs your death benefits to your surviving next of kin. If you select the standard designation, you automatically provide for changes that occur in your family situation such as marriage, birth, divorce, or death. The standard designation is one of two options.

How should I designate beneficiaries?

Most beneficiary designations will require you to provide a persons full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.