Aarp Life Insurance PDF Details

Managing life insurance details can often seem daunting, especially when it comes to updating essential documents like beneficiary forms. The AARP Life Insurance Beneficiary Change Request form serves as a critical tool for members looking to update who will receive the benefits of their life insurance policies in the event of their passing. This form accommodates changes for different types of policies, including term life, accidental death, or both, ensuring policyholders can accurately align their coverage with their current wishes. It mandates providing precise information about the beneficiary or beneficiaries, such as names, relationships to the insured, percentages of the benefit they are to receive, contact details, and identifying information like Social Security numbers and dates of birth. These measures are not only designed to expedite the claim process but also to adhere to state insurance regulations and prevent unclaimed benefits from being transferred to the state. Additionally, the form highlights the importance of specifying the class of beneficiaries (primary or contingent) and clarifies distribution among them, including provisions for minor beneficiaries and trusts. This comprehensive approach reflects an understanding of the complexities involved in life insurance planning and underscores the importance of thoughtful beneficiary designation.

QuestionAnswer
Form NameAarp Life Insurance
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesaarp aarp new york life insurance benificiary form, aarp nylife payment, aarp beneficiary change form, aarp life insurance

Form Preview Example

The Company You Keep®

GROUP MEMBERSHIP ASSOCIATION BENEFICIARY CHANGE REQUEST

Group Policyholder Name: Collegiate Alumni TrustGroup Policy #: _____________________

Insured’s Name______________________________________________________________ Certificate Number: __________________

This applieS to my:

□ Term Life

□ Accidental Death

□ Both Life and Accidental Death

Important: In order to expedite claim payments, and in accordance with state insurance regulations, please provide the Identifying Information requested below for your beneficiary(ies). All states have unclaimed property laws requiring life insurance benefits to be transferred to the state if a beneficiary cannot be located. To avoid having benefits intended for your beneficiary(ies) being transferred to the state, please provide the Identifying Information to help us locate the beneficiary(ies) at time of claim

I hereby designate the person or persons below as beneficiary for the insurance specified above, revoking any other beneficiary designation. (Sample designations and Important Information is on the Reverse.)

Class/Share 1

(NOTE: If Address and/or Phone are the same as Insured Member, check box at bottom of each designation in lieu of adding the information below.)

Primary

Beneficiary Name

 

 

 

 

 

Relationship

 

 

 

 

 

 

 

 

to Insured

 

 

 

 

 

 

 

 

 

 

 

 

Contingent

 

 

 

 

(First)

(Middle)

(Last)

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________%

(Street)

 

 

 

 

(City)

 

(State)

(Zip)

 

Date of Birth

/

/

Social Security Number

–

–

 

Phone Number

 

 

 

 

 

 

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

(Area Code)

(Number)

 

□ Address/Phone same as Insured Member

 

 

 

 

 

 

 

 

Primary

Beneficiary Name

 

 

 

 

 

Relationship

 

 

 

 

 

 

 

 

to Insured

 

 

 

 

 

 

 

 

 

 

 

 

Contingent

 

 

 

 

(First)

(Middle)

(Last)

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________%

(Street)

 

 

 

 

(City)

 

(State)

(Zip)

 

Date of Birth

/

/

Social Security Number

–

–

 

Phone Number

 

 

 

 

 

 

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

(Area Code)

(Number)

 

□ Address/Phone same as Insured Member

 

 

 

 

 

 

 

 

Primary

Beneficiary Name

 

 

 

 

 

Relationship

 

 

 

 

 

 

 

 

to Insured

 

 

 

 

 

 

 

 

 

 

 

 

Contingent

 

 

 

 

(First)

(Middle)

(Last)

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________%

(Street)

 

 

 

 

(City)

 

(State)

(Zip)

 

Date of Birth

/

/

Social Security Number

–

–

 

Phone Number

 

 

 

 

 

 

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

(Area Code)

(Number)

 

□ Address/Phone same as Insured Member

 

 

 

 

 

 

 

 

If there is not enough room on this form, please attach a separate page with your dated signature including the names, addresses, Social Security Numbers, dates of birth, and primary phone numbers of all beneficiaries.

AUTHORIZING SIGNATURE (Insured Member or previously designated non‐insured Owner)

Signature____________________________________________________________________________ Date____________________

Name (please print) ___________________________________________________________________________________________

RECORDED ON BEHALF OF NEW YORK LIFE, subject to the terms and conditions of the group policy.

By_______________________________________________________________________________ Date _____________________

Please return this completed form to Meyer and Associates, 18 Washington Avenue, Chatham, NJ 07928. Assistance is available by calling weekdays to 800 635‐7801 between 8:30am until 6pm, Eastern Time.

1If no class (primary or contingent) for a beneficiary is indicated, the beneficiary will be considered primary. For each class of beneficiaries, all shares (percentages) must add up to 100%. Unless shares are stated otherwise, benefits will be distributed equally among all surviving beneficiaries in the same class (primary or contingent). If a primary beneficiary dies before the insured, that portion of the benefits will be equally distributed to the surviving primary beneficiaries; if no primary beneficiaries survive the insured, benefits will be paid to the surviving contingent beneficiary(ies) in the next class. If no contingent beneficiaries survive the insured, benefits will be distributed as provided in the Group Policy.

GMAD COB Form 200‐2 (12/12)

SAMPLES OF BENEFICIARY DESIGNATIONS: Below are examples of some common beneficiary designations that may be helpful as you complete this form.

1. Specific unequal shares (NOTE: Insert “Per Stirpes” after % to have any Benefits due any deceased beneficiary payable to his/her descendents)

 

Class/Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary

Beneficiary Name

 

 

 

 

 

Relationship

 

 

 

 

 

 

 

John

J.

 

Smith

to Insured

Brother

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent

Address

 

 

 

 

(First)

(Middle)

 

(Last)

 

99999‐1111

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15 Bay Ridge Boulevard

Smithville

AK

 

 

__60%___

 

 

(Street)

 

 

 

 

 

(City)

 

(State)

(Zip)

 

Per stirpes

Date of Birth

 

11 / 15 / 1974

 

Social Security Number

123 – 45 – 6789

Phone Number

(111) 234‐5678

 

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

(Area Code)

(Number)

 

 

 

 

□ Address/Phone same as Insured Member

 

 

 

 

 

 

 

 

 

 

 

 

Primary

Beneficiary Name

 

 

 

 

 

Relationship

 

 

 

 

 

 

 

Antoinette

Dubois

 

Jones

to Insured

Sister

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent

 

 

 

 

 

(First)

(Middle)

 

(Last)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

2201‐1870 Southwest Third Avenue

 

 

Ocean City

KS

11111‐2222

 

 

 

 

 

 

__40%___

 

 

(Street)

 

 

 

 

 

(City)

 

(State)

(Zip)

 

Per stirpes

Date of Birth

 

5 /

7 / 1979

 

Social Security Number

987 – 65 – 4321

Phone Number

 

(999) 876‐5432

 

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

(Area Code)

(Number)

 

 

 

 

□ Address/Phone same as Insured Member

 

 

 

 

 

 

 

 

 

2. Trust as Beneficiary:

“John Smith and Mary Jones as Trustees of the Jones Family Trust under the Trust document dated December 1, 2012.” [Please provide Identifying Information for all Trustees.]

3.Minor Beneficiary ‐ Uniform Transfers/Gifts to Minors Act (UTMA/UGMA) Designation:

“[Name of Adult] as Custodian for [Name of Minor] under [Insured Member’s or Minor’s State of Residence] Uniform Transfers/Gifts to Minors Act.” [Please provide Identifying Information for the minor and adult Custodian.]

NOTICE REGARDING DESIGNATING A MINOR BENEFICIARY

Unless a UTMA/UGMA designation is used, or there is an existing court appointed guardian of the minor’s estate who can make financial decisions for the minor, a claims payment to a minor may be delayed until a surviving parent, relative, or other interested party obtains a court appointment as financial guardian of the minor’s estate, for the purpose of receiving the proceeds on behalf of the child.

NOTICE REGARDING TESTAMENTARY TRUST UNDER LAST WILL AND TESTAMENT AS BENEFICIARY

The following is understood and agreed when naming a Testamentary Trust under the Last Will and Testament as beneficiary of a specified decedent (Insured Member or non‐insured owner).

Proceeds shall be paid to the named contingent beneficiary if the decedent dies intestate (without a Last Will and Testament), or with a Last Will and Testament but (1) it does not create a Trust and name a Trustee or (2) no court proceeding has been started to probate the Last Will and Testament or no Trustee qualifies and claims the proceeds within 12 months (18 in Mississippi, New York, Texas; 6 months in Florida and North Carolina) after the decedent’s death. If the named contingent beneficiary is not living, and no further beneficiary is named, payment shall be made in accordance with the Group Policy.

New York Life is not obligated to inquire about the terms of any Trust affecting this policy or its proceeds, and shall not be held responsible for knowing the terms of any such Trust.

Payment to and receipt by said Trustee(s) or any successor Trustee(s), or payment to and receipt by the contingent beneficiary or insured’s estate shall constitute a full discharge and releases the New York Life Insurance Company to the extent of such payment. The full discharge and release of the New York Life Insurance Company’s obligation for payment applies to all persons and fiduciaries having any interest in such proceeds.

NOTICE REGARDING NON‐INSURED OWNER

A non‐insured owner who wishes to name a person other than themselves as beneficiary should do so only after receiving advice from their Counsel as to the possible tax consequences in light of existing decisional law to the effect that, when the proceeds are paid to someone other than the non‐insured owner, the proceeds constitute a taxable gift from the owner to the beneficiary at the time of the insured’s death.

*Per Stirpes means that any interest in a life insurance policy that a deceased beneficiary would have, if living, will be shared equally by all living children of that deceased beneficiary.

GMAD COB Form 200‐2 (12/12)

How to Edit Aarp Life Insurance Online for Free

It is possible to complete the new york life beneficiary change document using this PDF editor. The following actions will enable you to instantly get your document ready.

Step 1: To get going, select the orange button "Get Form Now".

Step 2: You're now ready to enhance new york life beneficiary change. You possess many options with our multifunctional toolbar - you can add, erase, or alter the content material, highlight the specific sections, as well as perform other commands.

These sections are included in the PDF form you will be filling out.

part 1 to completing aarp beneficiary change form

Enter the appropriate data in the area Primary, Contingent, Primary, Contingent, AddressPhone same as Insured, Beneficiary Name, First, Middle, Last, Relationship to Insured, Address Street Date of Birth, MMDDYYYY, Social Security Number, City State, and Phone Number.

Primary, Contingent, Primary, Contingent, AddressPhone same as Insured, Beneficiary Name, First, Middle, Last, Relationship to Insured, Address Street Date of Birth, MMDDYYYY, Social Security Number, City State, and Phone Number in aarp beneficiary change form

Step 3: When you are done, select the "Done" button to transfer the PDF form.

Step 4: Generate copies of the document - it will help you refrain from forthcoming concerns. And don't get worried - we are not meant to disclose or check your details.

Watch Aarp Life Insurance Video Instruction

Aarp Life Insurance isn’t the one you’re looking for?

Related Documents

  • Aa Court Card

    "... How to use the group name, meeting date and secretary signature This form has been provided by indianapolis Inter Group to help people who need to attend meetings. It is not intended to be used ..."

  • Aana Meeting Log Sheet

    "... Revised 01 na attendance officer name ..."

  • Aarp Claim Form Life

    "... Dear beneficiary, we are sorry for your loss. We understand that this can be difficult for you. New york life is offering this claim form to assist you in filing your claim. ..."

  • Aarp Indemnity Insurance

    "... Arp hospital indemnity plan definitions. Hospital hospital must be properly licensed. An ambulatory surgery center is a hospital that provides surgical services. It must also be properly insured. If the nursing unit receives the required hospital stay benefits, it will pay for it as long as it follows hospital-covered outpatient observation. ..."

Please rate Aarp Life Insurance

1 Votes

Related Resources

  • Nylaarp - Fill Online, Printable, Fillable, Blank | pdfFiller

    Fill Nylaarp, Edit online. Sign, fax and printable from PC, iPad, tablet or mobile with pdfFiller ✔ Instantly. Try Now!

  • Customer Service for the AARP Life Insurance Program

    We explain the differences between two of the most common types of life insurance to help you decide what may be right for you. If you're like many, you may think that purchasing life insurance requires a health exam. Easily make a payment, update your personal information, manage your beneficiaries and more.

  • New York Life

    Leave a legacy of love and financial security - make getting life insurance a priority. As with most other things in life, the key to achieving your long-term financial objectives is planning. Your goal may be to fund your children’s college education, protect your family during your working years, or guarantee your own retirement security.

If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .