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A primary beneficiary is the person (or persons) first in line to receive the death benefit from your life insurance policy typically your spouse, children or other family members.
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.
A beneficiary is generally any person or entity the account owner chooses to receive the benefits of a retirement account or an IRA after they die. The owner must designate the beneficiary under procedures established by the plan.
A designated beneficiary is named on a life insurance policy or financial account as the recipient of those assets in the event of the account holders death. A designated beneficiary is a living person. Non-person entities are not considered to be designated beneficiaries, even if named on a retirement account.
Designated beneficiaries can include a survivor who has not been named as a successor holder, former spouses or common-law partners, children, a designated subsequent survivor holder who is the new spouse or common-law partner of the successor holder, and qualified donees.

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Write the names of the main individual(s), entity (such as a charity, business, religious organization, funeral home, etc.), trust, or estate. You may name more than one. All secondary beneficiaries listed will receive EQUAL SHARES (equal amounts) of your benefit if ALL of the primary beneficiaries are deceased.
ACCEPTABLE BENEFICIARY DESIGNATIONS 1) One Beneficiary State the full name and relationship to the insured. Sample: John Doe, husband 2) Two Beneficiaries in Equal Shares Sample: Jane Doe and Mary Doe, cousins, in equal shares, or their survivors.
If you get married or divorced, or have children or other life changes, standard sequence will follow those life changes. If you never file a beneficiary designation, your benefit will be paid ing to standard sequence at the time of your death.

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