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Contents of the Assign Beneficiaries to Benefit Plans Screen

Use the fields and options to configure the Assign Beneficiaries to Benefit Plans screen.

Identification

Field Description
Employee

Enter, or use to select, the ID number of the employee whose beneficiaries you want to assign to a benefit plan. Costpoint validates your entry against the data entered on the Manage Employee Information screen. This is a required field.

Name

This field displays the name of the employee.

Plan Details

Field Description
Benefit Plan

Enter, or click to select, the code for the benefit plan you want to assign to this beneficiary. Costpoint validates your entry against the Benefit Plans table. The description of the benefit plan displays in the field to the right. This is a required field.

Effective Date

Enter, or click to select, the date on which beneficiaries were assigned to this plan for this employee. The date must be in MM/DD/YYYY format. This field is required.

Notary Date

Enter, or click to select, the date on which this assignment was notarized. The date must be in MM/DD/YYYY format.

Clauses

Field Description
Equal Shares or all to the survivors

Select this check box if primary and/or contingent beneficiaries receive equal shares of the proceeds from the employee's life insurance plan.

Unequal Shares or all to the survivors

Select this check box if primary and/or contingent beneficiaries receive unequal shares of the proceeds from the employee's life insurance plan.

Common Disaster Clause

Select this check box if distribution of the proceeds of this employee's life insurance plan is governed by the Common Disaster Clause.

Unborn Children Clause

Select this check box if distribution of the proceeds of this employee's life insurance plan is affected by the Unborn Children Clause.

Beneficiary Details

Use this group box to define  the type of beneficiaries for the employee. Click to create a new line.

Field Description
Type

From  the drop-down list, select one of the following settings to indicate the type of beneficiary in this required field. Valid options are.

  • Primary
  • Contingent
Beneficiary Name

This non-editable field displays the beneficiary's name, as specified on the Manage Employee Dependents/Beneficiaries screen.

SSN

This non-editable field displays the nine-digit Social Security Number of this beneficiary, as specified on the Manage Employee Dependents/Beneficiaries screen.

Gender

This field displays the code for the beneficiary's sex, depending on the option you selected in the Gender group box on the Manage Employee Dependents/Beneficiaries screen.

Date of Birth

This non-editable field displays the beneficiary's date of birth as specified on the Manage Employee Dependents/Beneficiaries screen.

Relationship

This non-editable field displays the beneficiary's relationship to this employee, as specified on the Manage Employee Dependents/Beneficiaries screen.

Percent

Enter the percent of shares this beneficiary receives in the event of a claim payout. This value must be between 1% and 100%.

  • The sum of all Primary beneficiary types must equal 100%, and
  • The sum of all Contingent beneficiary types must equal 100%.

This field is required.