Get Beneficiary With Mode Of Settlement-plicosvc-103-pl1013pdf

The Beneficiary With Mode Of Settlement form, PLICOSVC-103-PL1013pdf, is essential for designating beneficiaries and specifying the mode of settlement for life insurance policy proceeds. This guide will provide clear, step-by-step instructions for completing the form online, ensuring that users can navigate each section with confidence.

Follow the steps to fill out the Beneficiary With Mode Of Settlement form online:

1. Click the 'Get Form' button to access the Beneficiary With Mode Of Settlement-PLICOSVC-103-PL1013pdf form and open it in your preferred online editor.
2. In Section I, begin by designating your primary beneficiary. Fill in their name, address, phone number, Social Security Number or Tax ID, relationship to the insured, and date of birth.
3. If applicable, you may also designate a contingent beneficiary by providing the same information as required for the primary beneficiary.
4. For Section II, select your preferred mode of settlement. Check the box for one of the options such as 'In One Sum', or choose one of the installment options, specifying the duration or amount as needed.
5. If you select the 'Retained at Interest' or installment options, indicate any automatic changes and the time frame for the beneficiary to elect another option if desired.
6. Specify how often payments will be made by selecting from annual, semi-annual, quarterly, or monthly options.
7. Clearly state any rights of the beneficiary regarding commuting or withdrawing funds and specify any limitations.
8. In the designated area, input the owner’s name, current address, and daytime phone number.
9. Complete the signature section by signing and dating the form, ensuring compliance with any required witnessing.
10. Review all entries for accuracy before submitting. Once complete, you can save your changes, download your form, print it, or share it as needed.

Complete your Beneficiary With Mode Of Settlement form online today for a smooth and efficient process.