Employees Group Insurance Division Beneficiary Designation Form - Oklahoma

Employees Group Insurance Division Beneficiary Designation Form is a legal document that was released by the Oklahoma Office of Management and Enterprise Services - a government authority operating within Oklahoma.

FAQ

Q: What is the Employees Group Insurance Division Beneficiary Designation Form?
A: The Beneficiary Designation Form is a form used by the Employees Group Insurance Division in Oklahoma to designate the beneficiary of an employee's insurance benefits.

Q: Who should complete the Beneficiary Designation Form?
A: The employee should complete the Beneficiary Designation Form.

Q: Why is it important to complete the form?
A: Completing the form ensures that the employee's insurance benefits will go to the intended beneficiary in the event of their death.

Q: Are there any requirements for designating a beneficiary?
A: Yes, you will need to provide the beneficiary's full name, relationship to the employee, and Social Security number.

Q: Can I update my beneficiary designation?
A: Yes, you can update your beneficiary designation at any time by completing a new form.

Q: What happens if I don't designate a beneficiary?
A: If you do not designate a beneficiary, the insurance benefits will be paid to your estate.

Q: Is the Beneficiary Designation Form only for life insurance?
A: No, the form can also be used to designate beneficiaries for other insurance benefits, such as health or disability insurance.