AIG Beneficiary Designation Form – Fill Out and Use This PDF

AIG Beneficiary Designation PDF Details

The AIG Beneficiary Designation Form is a formal document issued by AIG member companies of American International Group, Inc. It enables policyholders to designate who will receive death benefits from their life insurance or annuity contracts. This form applies to policies administered by AIG subsidiaries, including American Home Assurance Company, The Insurance Company of Pennsylvania, National Union Fire Insurance Company, AIG Life Insurance Company, and American International Life Assurance Co.

Types of Beneficiaries

Policyholders can name two types of beneficiaries on this form. A primary beneficiary is first in line to receive the death benefit when the insured passes away. Multiple primary beneficiaries can be named, with each receiving a specified percentage of the total benefit. A contingent beneficiary receives the benefit only if the primary beneficiary predeceases the insured or cannot accept the payment. Naming a contingent beneficiary prevents the death benefit from defaulting to the insured’s estate.

Required Information

To complete the AIG Beneficiary Designation Form accurately, gather the following information before you begin:

• The insured person’s full legal name and employment start date
• The policy or certificate number for the applicable AIG plan
• Each beneficiary’s full legal name, relationship to the insured, and date of birth
• The percentage of the death benefit allocated to each beneficiary (must total 100%)
• The employer’s name if the policy is part of a group benefit plan

Submitting the Form

Once completed and signed by the insured, submit the form to your employer’s benefits administrator or directly to AIG. Keep a copy for your personal records. A new form must be submitted any time you wish to change your beneficiary designation. Related documents include the Change of Beneficiary Request Form and the AIG Reinstatement Application for Life Insurance. For other insurers, see the Cigna Beneficiary Designation Form.