Sanlam change of beneficiary form for retirement annuity: Fill out & sign online

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What are the different types of beneficiary nominations?

Compare beneficiary options Is the nomination binding on Rest? Who can be nominated? Binding and Non-lapsing beneficiary nomination A dependant or your estate Non-binding beneficiary nomination A dependant or your estate Reversionary beneficiary nomination A dependant (certain restrictions regarding nominating children apply)15 more rows

How do I write a beneficiary form?

Remember the following when completing your Beneficiary Designation form: Clearly identify your beneficiary(ies), providing each beneficiarys full name, date of birth, Social Security number, address, and relationship to you. You can name primary and contingent beneficiaries.

What is a beneficiary nomination?

In the context of life insurance, making a nomination of beneficiary means to nominate the person (or people) that will receive the death benefits payment in the event of your passing. The person (or people) you nominate will then be referred to as the beneficiary (or beneficiaries if there are more than one).

What is an example of beneficiary designation?

For example, if you name your three cousins as your primary beneficiaries, you can name the children of each cousin as alternate primary beneficiaries. Then, if one cousin dies before you do, their share will be divided between their children who are named as alternate primary beneficiaries.

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