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A beneficiary is a person or entity who inherits predetermined assets from an individual after that individual passes away. In this context, an entity can be any legal or organizational structure, such as a charity, business, educational institution, trust or government agency.
What information do you need to add someone as a beneficiary?
Whatever you do, dont name the child as the beneficiarythe law prohibits anyone from receiving a life insurance payout if they arent the age of majority (which could be 18 or 21 depending on your state). Consult with an attorney if you have a disabled or special needs child.
How to set up beneficiaries for life insurance?
The application you fill out to apply for a life insurance policy will have an area where you are asked to write the name of your beneficiary (or names if you want more than one beneficiary). After the insurance company approves your policy and it goes into effect, your beneficiary is set.
How do I fill out a beneficiary 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.
How to fill out MetLife beneficiary form?
Gather the name(s), date(s) of birth, Social Security/Tax ID number(s) and contact information for all of your beneficiaries. The beneficiaries you name on this form apply to your Group Term Life insurance coverage insured by MetLife. To name additional beneficiaries, attach a separate page.
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Use this form to name the persons or entities you want to receive your life insurance proceeds after your death. Metropolitan Life Insurance Company. Things to
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