How to name beneficiaries and fund a trust at Security Benefit

When a trust or other entity claims the death benefit, Security Benefit does not establish an inherited IRA for its benefit.¹

A trust can be named as a primary or secondary beneficiary. The date of the trust is entered in the date of birth field.²

A trust under a will can be named as a beneficiary. The date of the will is entered in the date of birth field.²

Each primary and secondary beneficiary is given a percentage of the benefit. Percentages must be whole numbers and total 100%.²

The owner signs Section 6 of the form. The signature of any irrevocable beneficiary is also required; a designation is made irrevocable by including that designation after the beneficiary's name.²

For a plan subject to ERISA, a married participant's spouse may be required to sign the form's spousal consent section, witnessed by a notary public.²

For annuitys. Available to download.^{3, 2}

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Sent by the institution on request.⁴

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For annuitys. Available to download.²

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A signer acting as trustee includes that designation with the signature.²