Canada Life Expression of Wish Form
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People also ask
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What is the expression of wish for life insurance?
An expression of wish is a non-binding statement where you indicate who you want to receive the benefits from your pension plan or life insurance policy when you die. For example, if you have a pension plan, you can fill out an expression of wish form provided by your pension provider.
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Is expression of wish better than nomination?
A nomination is not binding on the pension provider. It is an expression of wish which the trustees take into account. However, expression of wishes can go out of date over time. Separations, divorces, new relationships etc.
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How to fill expression of wish form?
How do I fill out an expression of wish form? Your name, national insurance number and pension account number. The name, address, date of birth and relationship of the beneficiaries you choose. This can be just one person or as many as you like. The percentage of savings you'd like each beneficiary to have.
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What is an example of an expression of wishes?
For example, your expression of wishes could state that you would like to leave your pension to your spouse, but if this isn't possible (for example, if your spouse turns down the benefits), you would like the funds split equally between your two children.
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What is an example of an expression of wish?
For example, your expression of wishes could state that you would like to leave your pension to your spouse, but if this isn't possible (for example, if your spouse turns down the benefits), you would like the funds split equally between your two children.
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What is the expression of wish form for life insurance?
Use this form to let the Trustee know who you would like to receive the lump sum benefit payable on your death in service. This form is not binding on the Trustee, but your wishes can be taken into consideration when making the decision.
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Is Great West Life now Canada Life?
On Jan. 1, 2020 The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company and two holding companies amalgamated. They are now one company – The Canada Life Assurance Company. Each of the companies has a vibrant and proud history, having formed more than 125 years ago.
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Where can I get an expression of wish form?
You can update your expression of wish any time by contacting your pension provider. If you have an online account, many providers will also have the form online. Any new form you complete will take priority over older ones.
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