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The document is a Beneficiary Designation Form for Nortel's Active Employee Group Term Life Insurance. It provides instructions for employees to complete the form, including designating primary and alternate beneficiaries, ensuring all sections are filled out correctly, and returning the original form to HR Shared Services. The form requires personal information from the employee and details about the beneficiaries.

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What is a beneficiary designation for employee insurance?

Important Things to Remember about Designations Only the insured can sign the designation of beneficiary. Exception: If you assigned your insurance (using an RI 76-10 Assignment form), only the assignee(s) has(have) the right to make a designation. Your employing office must receive the completed form before you die.

What happens if a beneficiary is missing?

In many cases, if a beneficiary is not specified, the proceeds will go into your estate and become subject to probate prior to distribution, a much longer, more complicated process than when you have specified an individual as beneficiary.

How to fill out life insurance beneficiary designation form?

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.

What is an SF 2823 form for?

SF 2823, Designation For FEGLI Determines how proceeds from the life insurance are distributed. fill/sf2823.

What happens if a beneficiary is not listed?

If you die without naming a beneficiary for your life insurance or if your designated beneficiary has died or isnt eligible and you havent specified alternatives, it wont be clear who should receive the death benefit. When a beneficiary cant be determined, the benefit is often instead paid out to your estate.

What happens if an employee does not have a beneficiary on file?

Unless a valid beneficiary designation is in effect at the time of death, benefits are paid to the closest surviving family members in the following order: Spouse or registered domestic partner. Children (natural or adopted) Parents.

What happens if a 401(k) does not have a beneficiary?

Presumption of Death If, despite these efforts, the beneficiary remains untraced for a significant period, the executor/administrator can seek a court order known as a Benjamin Order. This order presumes the missing beneficiary is deceased, allowing the estate to be distributed to the remaining beneficiaries.

Get the up-to-date Active Employee Life Insurance Beneficiary Designation Form 2025 now

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See more Active Employee Life Insurance Beneficiary Designation Form versions

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What is a beneficiary designation for employee insurance?

What happens if a beneficiary is missing?

How to fill out life insurance beneficiary designation form?

What is an SF 2823 form for?

What happens if a beneficiary is not listed?

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People also ask

What happens if an employee does not have a beneficiary on file?

What happens if a 401(k) does not have a beneficiary?

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Get the up-to-date Active Employee Life Insurance Beneficiary Designation Form 2025 now

Here's how it works

The best way to edit Active Employee Life Insurance Beneficiary Designation Form in PDF format online

See more Active Employee Life Insurance Beneficiary Designation Form versions

Complete this form in 5 minutes or less

Got questions?

What is a beneficiary designation for employee insurance?

What happens if a beneficiary is missing?

How to fill out life insurance beneficiary designation form?

What is an SF 2823 form for?

What happens if a beneficiary is not listed?

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People also ask

What happens if an employee does not have a beneficiary on file?

What happens if a 401(k) does not have a beneficiary?

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