Basic Group Life Insurance Plan Beneficiary Designation Form - Indiana University Page 2
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1
2Instructions
Please type or print, except where the participant’s signature is required.
The full legal name of each beneficiary should be included. (For example, MARY E. SMITH, not M.E. SMITH or MRS. JOHN J. SMITH.) Also include
the beneficiary’s month/day/year of birth, complete address, and Social Security Number (SSN).
Order of Payment and Division of Benefits – Unless otherwise provided:
a. Payment at my death is to be made to a Primary Beneficiary if he or she is then living. If there is no Primary Beneficiary living, then payment
is to be made to a Contingent Beneficiary.
b. If a Class of Beneficiaries contains more than one person, the benefits due the Beneficiaries in such Class at my death are to be apportioned
in equal shares to the then living Beneficiaries in the Class.
c. Unless otherwise provided, if all Beneficiaries predecease me, all interest in the benefits will vest in me or my estate.
Definition of Terms – Unless otherwise provided, these terms have the meanings indicated:
Children – the children born of any and all marriages, and any children legally adopted at any time.
Estate – my duly appointed Executors or Administrators.
Illustrative Beneficiary Designations
1. Possible family situation: Spouse as Primary Beneficiary and Children as Contingent Beneficiaries. (Names of guardians should not be
stated.)
Name
DOB
Address
SSN
Relationship
%
Primary
Martha B. Doe
1/1/50
12 W. St., Any Town, IN 47444
555-55-5555
Wife
100
Beneficiary(ies)
Contingent
John K. Doe
7/1/78
12 W. St., Any Town, IN 47444
555-55-5555
Son
50
Beneficiary(ies)
Mary L. Doe
8/5/81
12 W. St., Any Town, IN 47444
555-55-5555
Daughter
50
2. More than one beneficiary in a category: Each to share equally in benefits.
Name
DOB
Address
SSN
Relationship
%
Primary
Jane B. Smith
3/6/45
100 Main St., Any Town, IN 47444
555-55-5555
Sister
33
Beneficiary(ies)
Robert C. Black
5/24/50
15 First. St., Any Town, IN 47444
555-55-5555
Brother
33
Hazel B. Gray
7/14/58
22 Park Ave., Other Town, IN 47444
555-55-5555
Sister
34
3. Estate as beneficiary: My estate
4. Trustee named in inter vivos (living) trust agreement: First Bank & Trust Co., Ohio, or its successors, as trustee under trust agreement dated
October 10, 1985.
5. Trustee named in your Will (testamentary trustee): The trustee(s) qualified under my Last Will and Testament and/or any codicil thereto.
6. Institution as beneficiary: (Full legal name should be stated; also state whether the institution is a corporation.)
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