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Spouse, partner, children, parents, brothers and sisters, business partner, key employee, trust and charitable organization.
When deciding upon beneficiaries, the more specific you are, the better. Describe beneficiaries by name instead of by group. For example, if you want all your children to inherit, name them individually. Stepchildren aren't beneficiaries unless they're specifically named in your will or other estate documents.
Most beneficiary designations will require you to provide a person's 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.
If you decide to have more than one beneficiary, you will allocate a percentage of the death benefit for each, so that the total allocation equals 100%. A simple example of this would be allocating 50% to your partner, and 25% to each of your two children, for a total of 100%.
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.