The Modern Woodmen 948 form is a crucial document for members of the Modern Woodmen of America, a life insurance society based in Rock Island, Illinois. This form allows insured individuals to make significant changes regarding their policy, specifically for updating beneficiary details or the name of the insured due to events like marriage, adoption, divorce, or other personal reasons. Carefully designed instructions guide members through the process of altering beneficiary information or the name on their insurance certificate. The form requires detailed information about the new beneficiary(ies) including their full name, relationship to the insured, address, date of birth, and Social Security number. Additionally, it provides options for selecting living trusts or estates as beneficiaries and outlines different settlement methods upon the insured's death. These options include receiving proceeds in one sum, depositing at interest to earn returns, or other specified methods, ensuring that members have flexibility in how benefits are dispensed. Importantly, no changes are official until acknowledged in writing by the National Secretary, emphasizing the need for accuracy and completeness when submitting the form. Moreover, the provided space for instructions highlights the need for renewing all beneficiary designations and clarifies policies regarding minors and insurable interest, ensuring members are well-informed of their choices and the implications thereof.
| Question | Answer |
|---|---|
| Form Name | Modern Woodmen 948 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | modern woodmen of america cash surrender forms, modern woodmen of america surrender form, modern woodmen surrender of cash value, modern woodmen of america withdrawl forms |
