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  • Final Compensation Beneficiary Designation Form - State Of Michigan - Mich

Get Final Compensation Beneficiary Designation Form - State Of Michigan - Mich

CS-140 REV 8/2007 State of Michigan Civil Service Commission FINAL COMPENSATION BENEFICIARY DESIGNATION Employee Name: (Last, First, Middle) Employee I.D. No. Social Security Number Department/Agency.

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How to fill out the Final Compensation Beneficiary Designation Form - State Of Michigan - Mich online

This guide provides detailed instructions on how to effectively complete the Final Compensation Beneficiary Designation Form for the State of Michigan. Whether you are familiar with online forms or new to the process, these steps will help you navigate the form with confidence.

Follow the steps to complete the form online:

  1. Press the ‘Get Form’ button to access the Final Compensation Beneficiary Designation Form. This will allow you to open the form in your online editor.
  2. Enter your full name in the space provided as ‘Employee Name’ (Last, First, Middle). Make sure to fill this out accurately for proper identification.
  3. Input your Employee I.D. number in the designated field. This number is essential for the processing of your form.
  4. Provide your Social Security number in the appropriate section. Ensure that this information is entered correctly as it is sensitive data.
  5. Select your Department or Agency from the options available. This helps in associating your form with the correct department.
  6. In the ‘Primary Beneficiary’ section, enter the name of your primary beneficiary. Include their Social Security number, relationship to you, address, and birth date.
  7. If you have more than one child as beneficiaries, list them individually under the primary beneficiary section along with their information, if applicable.
  8. In the ‘Secondary Beneficiary’ section, complete the same fields for your secondary beneficiary. Enter their name, Social Security number, relationship, address, and birth date.
  9. Review all entered information carefully to ensure accuracy. Incorrect entries can lead to delays or issues with beneficiary designation.
  10. Sign and date the form at the bottom. Your signature certifies that you are instructing your employing state department regarding the payment of compensation.
  11. Once all steps are completed, save your changes. You can download, print, or share the form as needed for your records.

Complete your Final Compensation Beneficiary Designation Form online today to ensure your beneficiaries are properly designated.

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Simply put, a life insurance beneficiary is the person who will receive a policy payout (called a death benefit) if you were to die with coverage in place. It can be a person, multiple persons, a trust, or even an organization or some combination depending on your needs.

The first $50,000 of your basic life insurance benefit is considered non-taxable income under federal tax law. However, the employer's cost of the benefit over $50,000 is taxable and the imputed income is added to your final W-2 earnings as required under Section 79 of the Internal Revenue Code.

Beneficiary designations are used to identify the recipient(s) of your insurance benefits. A Member who is insured for Life Insurance with Standard Insurance Company (The Standard) may name whomever he/she wishes as beneficiary.

Your original designation remains in force whether it still reflects your wishes or not, until you submit another form to cancel prior designations or to designate a new beneficiary. A designation of beneficiary form outlines your desire to have the funds due upon your death paid out in a particular way.

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name: One person. Two or more people. The trustee of a trust you've set up.

Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write children on one of the lines; instead write the full names of each of your children on separate lines.

There are no formal steps to follow when notifying beneficiaries. Give the beneficiary all of your contact info and urge him or her to contact you as soon as possible. You cannot begin making distributions until you've set up a reliable form of communication with the beneficiary.

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name: One person. Two or more people. The trustee of a trust you've set up.

To determine where an individual's assets and possessions will go when they die, they need to make plans to administer their estate. ... These individuals are called beneficiaries. A beneficiary collects what was given to them. They do not have to take part in the responsibilities as an executor does.

Make Contact With the InsurerIf you find the policy or discover paperwork that indicates a policy exists, contact the insurer. If the policy exists, you can ask if you're a beneficiary. The insurer may tell you, or it may ask you to submit a form reporting the death.

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Get Final Compensation Beneficiary Designation Form - State Of Michigan - Mich
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232