First, service members should regularly review the beneficiaries named in insurance policies and retirement savings plans and revise them as needed. Second, service members should name secondary beneficiaries in case the primary beneficiary predeceases them. Third, service members should record in one document all of the beneficiaries and contingent beneficiaries for all of their important papers that include named beneficiaries for ease of review and periodic updating. A form to record beneficiary designations can be found at njaes.rutgers.edu/money/pdfs/beneficiary-designations.pdf.
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