Naming a beneficiary makes it easier for your loved ones to manage your benefits and savings when you’re gone. If you don’t name a beneficiary, your money will be held in an estate account and might have to go through a probate process to determine who gets it, which will cost time and money. Your loved ones may not get as much money as they would have if you had named a beneficiary. And if your beneficiary information is not up to date, the person you want to receive your money may not receive anything at all.
- Learn more about why it’s important to name a beneficiary and keep your beneficiary information up to date.
- Learn about the different types of beneficiaries.
- Designate a beneficiary(ies) for life insurance and/or accidental death & dismemberment (AD&D) insurance:
- Log in with your username and password.
- Log in through Okta single sign on (SSO).
- Designate a beneficiary(ies) for the Defined Contribution Pension Plan (DCPP), Group Registered Retirement Savings Plan (RRSP), and/or Tax-Free Savings Account (TFSA).
- Designate a beneficiary(ies) for my Employee Stock Purchase Plan (ESPP) account. Log in, select ESPP and then select Beneficiary.