Designating beneficiaries for benefit plans

A benefit administrator can designate beneficiaries to employee benefit plans that are enrolled.
  1. Select Benefits > Maintenance > By Benefit Plans.
  2. Select a benefit plan.
  3. On the Enrolled tab, select the employee record and click Open.
  4. On the Beneficiaries tab, click Create.
  5. Specify the employee's beneficiary.
  6. Specify this information:
    Primary Or Contingent
    Select the classification of employee's beneficiary:
    • Primary: Receives the benefits of the insurance policy upon the employee's death.
    • Contingent: Receives the benefits of the insurance policy upon the primary beneficiaries' death or benefits disqualification.
    Percent Or Amount
    Select whether the employee's beneficiary is entitled to a percentage or flat amount of the employee's death benefits.
    Percentage
    Specify the percentage that is entitled to the employee's beneficiary.

    If you select Percent in the Percent or Amount field, then the Percentage field is displayed.

    Amount
    Specify the amount that is entitled to the employee's beneficiary.

    If you select Amount in the Percent or Amount field, then the Amount field is displayed.

    Comments
    Optionally, provide your comments.
  7. Click Submit.