The
following is the Order of Precedence set by law:
| • |
Assignee's
beneficiary(ies) [filed an RI 76-10 |
| • |
Assignee |
| • |
Per
Court Order |
| • |
Insured's
beneficiary(ies) |
| • |
Widow
/ Widower |
| • |
Child
/ Children |
| • |
Parents
/ Surviving Parent |
| • |
Executor
/ Administrator of Insured's Estate |
| • |
Other
Next of Kin |
It
is necessary for the employee to designate a beneficiary to assure that
benefits will be paid as he / she wishes if:
•
|
the
employee wants benefits to go to a person, firm, organization, or
other legal entity not listed in the Order of Precedence |
•
|
the
employee wants benefits to be paid in a different order from the Order
of Precedence |
•
|
the
employee wants benefits to go to a trust he / she has established
for any minor children; or |
| • |
evidence
of valid marriage or dissolution of a marriage is not readily available
|
The
right to designate a beneficiary is a personal right that cannot be exercised
by anyone other than the insured employee.
Exception:
If the employee assigned, only the assignee(s) has the right to make a
designation. Designations cannot be made by someone with a power of attorney
or by a court-appointed guardian, conservator, trustee, or committee.
|