How should the beneficiary section be completed?
The employee may allocate the life insurance to several individuals, provided the total allocated amounts equal 100%. If a beneficiary is under the age of 18, a trustee that is of legal age must be designated. If the employee leaves this section of the form blank, the life insurance will be paid to the employee’s estate. Proceeds of an estate are accessible to creditors. For any other questions you may have, please visit our Contacts page for a complete contact listing; your question will be answered as quickly and accurately as possible.
