Form Gp34795-10 - Beneficiary Designation/change Page 2
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4Section II Voluntary Term Life Beneficiary Designation (Complete if covered for voluntary term life coverage. If you
want to use the same beneficiary designation as indicated for group term life coverage above, write “same as
above” in the beneficiary section below.)
NOTE: If you are covered by both group term life and voluntary term life coverage and only indicate a
beneficiary designation for one of these, the facility of payment provision in the group policy will be used to
determine how proceeds will be paid for the other coverage.
All primary and contingent beneficiaries, whether adults or minors, should be included in the beneficiary
designation below. If designating a minor, please check the applicable box and complete the Minor Beneficiary –
UTMA section on Page 3.
Primary Beneficiaries:
Name
Check here if a
Percentage
Relationship
minor
Address
Social security number
Name
Check here if a
Percentage
Relationship
minor
Address
Social security number
Name
Check here if a
Percentage
Relationship
minor
Address
Social security number
Name
Check here if a
Percentage
Relationship
minor
Address
Social security number
Name
Check here if a Percentage
Relationship
minor
Address
Social security number
Contingent Beneficiaries:
Name
Check here if a Percentage
Relationship
minor
Address
Social security number
Name
Check here if a Percentage
Relationship
minor
Address
Social security number
Name
Check here if a Percentage
Relationship
minor
Address
Social security number
Name
Check here if a Percentage
Relationship
minor
Address
Social security number
Name
Check here if a Percentage
Relationship
minor
Address
Social security number
The right to make future changes is reserved. If two or more beneficiaries are named, the proceeds shall be paid to the named
beneficiaries, or to the survivor or survivors, in equal shares, unless specified otherwise.
If any beneficiary is designated as trustee, it is understood and agreed that Principal Life Insurance Company shall not be a
party to nor bound by the conditions of any trust and payment of the net proceeds of said policy on the death of the insured to
the then designated beneficiary shall be a complete discharge as to said company.
Page 2 of 4
GP34795-10
05/2014
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