Valic 2014-2025 Form

What is the Valic Beneficiary Form

The Valic Beneficiary Form, also known as the VL 14945, is a crucial document used to designate beneficiaries for retirement accounts and insurance policies. This form allows individuals to specify who will receive their benefits in the event of their passing. It is essential for ensuring that assets are distributed according to the individual's wishes, providing peace of mind for both the account holder and their loved ones.

How to use the Valic Beneficiary Form

Using the Valic Beneficiary Form involves several straightforward steps. First, obtain the form from the Valic website or your financial advisor. Next, fill out the required information, including your personal details and the names of your chosen beneficiaries. Be sure to include their relationship to you and their contact information. After completing the form, review it carefully for accuracy before submitting it to Valic. This ensures that your designations are correctly recorded and legally binding.

Steps to complete the Valic Beneficiary Form

Completing the Valic Beneficiary Form requires careful attention to detail. Follow these steps:

• Download the VL 14945 form from the Valic website.
• Provide your personal information, including name, address, and account number.
• List your primary beneficiaries, including their names, relationships, and contact details.
• Consider naming contingent beneficiaries in case the primary beneficiaries are unable to receive the benefits.
• Sign and date the form to validate your designations.
• Submit the completed form to Valic through the specified method, whether online, by mail, or in person.

Legal use of the Valic Beneficiary Form

The Valic Beneficiary Form is legally binding when completed and submitted according to the regulations set forth by the Employee Retirement Income Security Act (ERISA) and state laws. To ensure its legality, it is important to follow the proper procedures for filling out and submitting the form. This includes providing accurate information and obtaining necessary signatures. Additionally, keeping a copy of the submitted form for your records is advisable, as it serves as proof of your beneficiary designations.

Key elements of the Valic Beneficiary Form

Several key elements must be included in the Valic Beneficiary Form to ensure its effectiveness:

• Your full name and contact information.
• Your account number with Valic.
• Names and details of primary and contingent beneficiaries.
• Your signature and the date of signing.
• Any applicable witness signatures if required by state law.

Form Submission Methods (Online / Mail / In-Person)

Submitting the Valic Beneficiary Form can be done through various methods, providing flexibility for users:

• Online: If available, you can submit the form directly through the Valic online portal, ensuring a quick and efficient process.
• Mail: Print the completed form and send it to the designated Valic address. Ensure you use a secure mailing method to protect your information.
• In-Person: You may also deliver the form in person at a local Valic office, allowing for immediate confirmation of receipt.