Beneficiary Form For Life Insurance
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FAQ
A beneficiary is a person (or entity) who is designated to receive the benefits of property owned by someone else. Beneficiaries often receive these benefits as part of an inheritance.
To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.
When you name your beneficiary, be specific. Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.).
ACCEPTABLE BENEFICIARY DESIGNATIONS 1) One Beneficiary ? State the full name and relationship to the insured. Sample: John Doe, husband 2) Two Beneficiaries in Equal Shares ? Sample: Jane Doe and Mary Doe, cousins, in equal shares, or their survivors.
Spouse, partner, children, parents, brothers and sisters, business partner, key employee, trust and charitable organization.
