Gp55229 2025

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The document is an employee enrollment and waiver form for Principal Life Insurance Company, detailing the information required for enrolling in various insurance coverages, including life, disability, dental, and critical illness. It includes sections for personal details, dependent information, coverage elections, beneficiary designations, and employee agreements regarding the accuracy of provided information and conditions of coverage.

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Can you name UTMA as a beneficiary?

Two specific forms of Trust accounts that can be used in place of naming a minor as a beneficiary are the Uniform Gifts to Minors Act (UGMA), and the Uniform Transfers to Minors Act (UTMA). These accounts will allow you to leave inheritance, life insurance money, property, and more to minors.

What is the California Uniform Transfers to Minors Act?

The California Uniform Transfers to Minors Act (CUTMA) is a modernization of the Uniform Gift to Minors Act, and became effective in 1985. A gift made pursuant to CUTMA is held in custodianship until age 18 unless the gift specifies a termination age beyond 18, but not over 25 years of age.

What are the disadvantages of an UTMA account?

Age of Majority by State StateUGMAUTMA Arkansas 21 18 California 18 18 Colorado 21 21 Connecticut 21 2149 more rows

How does UTMA work for life insurance?

Consider a Uniform Transfer to Minors Act (UTMA) account Under your states UTMA, you designate that the proceeds from your life policy are paid to an adult custodian for the benefit of your minor child and held in an UTMA account.

What is the purpose of the Uniform Transfers to Minors Act?

UTMA allows the property to be gifted to a minor without establishing a formal trust . The donor or a custodian manages the property for the minors benefit until the minor reaches a certain age. Once the child reaches a specified age set by the state, the child will have full control over the property.

information data form

Gp55229 utma Gp55229 form Gp55229 example Gp55229 utma beneficiary Gp55229 pdf Principal to Fidelity Principal 401k loan calculator Does Principal allow in service rollover

How do I add beneficiaries to my principal 401k?

If you are on the Principal app: Once youve logged in, youll see a list of all your accounts. Click on the account to update. Then, on the top right corner, click the three horizontal lines; scroll to Beneficiaries. You can add or change primary and contingent beneficiaries on this screen.