Designating your beneficiaries is important so that you can ensure
the financial wellness of your loved ones in the event of your death.
By having a current beneficiary on all your accounts, you leave no
doubt as to what you wish to be done with your insurance benefits. You
may designate one or more individuals, including a trust or your
estate, as a beneficiary.
All full-time, regular employees have Life and AD&D insurance with MetLife. These plans should have a beneficiary designation on file.
Designation(s) on file with MetLife apply to Basic Life, Basic AD&D, Supplemental Life, and Voluntary AD&D policies (if enrolled), as well as last paycheck and any leave balance payoff.
You may also participate in one or more of the following programs, where beneficiaries should also be designated:
- Deferred Compensation (Nationwide)
- Critical Illness (Allstate)
- Health Savings Account (Optum Bank)
Pension Benefits (SDCERA)
Remember, these plans are administered by different carriers, and each must be updated individually. A beneficiary change for one carrier will not update any other designations.
You can designate or change your beneficiaries any time during the year.