As part of your enrollment process, you will be asked to designate a beneficiary who will receive your benefits under the Plan upon your death. If you are married, your spouse will automatically be named as your beneficiary unless your spouse consents, in writing witnessed by a Plan representative or notary public, to your designation of another beneficiary.
Upon your death, your benefits under the Plan will be distributed in accordance with your most recently filed beneficiary designation form, as long as any required spousal consent to such designation has been provided. If you do not have a valid beneficiary designation on file, upon your death, you will be deemed to have designated a beneficiary or beneficiaries in the following order of precedence: (1) your spouse; (2) your surviving children in equal shares; and (3) your estate. You can change your beneficiary designation at any time, with your spouse’s consent if applicable, as described above.
Remember to review your beneficiary designation regularly and make any changes necessary especially after you get married or divorced or have another major life event.