Get Thrivent 28e 2020-2025

Yes. Banks may require the beneficiary to provide a Social Security number (SSN) for monetary transactions. This requirement is intended to verify that funds are distributed to the correct designated individual(s) listed in a will, trust, insurance policy, retirement plan, annuity, or other contract.

Here's what you can expect: We'll collect some information about your beneficiary. Please provide the person's name, date of birth, address, phone number and SSN. If it's a business or trust (including charities or churches), we'll need the business name, address, phone number, and TIN.

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

A life insurance beneficiary is the person or entity that will receive the money from your policy's death benefit when you pass away. When you purchase a life insurance policy, you choose the beneficiary of the policy.

A primary beneficiary is the person (or people or organizations) you name to receive your stuff when you die. A contingent beneficiary is second in line to receive your assets in case the primary beneficiary passes away. And a residuary beneficiary gets any property that isn't specifically left to another beneficiary.

Most financial will require you to contact your local branch or call customer service to add a beneficiary. However, some may also let you make changes to your account through online banking. Bank account beneficiaries may be added at any time.

A beneficiary is the person or entity who receives the assets of an individual after they pass away. Beneficiaries can be named as inheritors for retirement accounts, trust funds, life insurance, and more.

Thrivent accepts the LDPS designation when the individual named is related to the benefit member by blood, marriage, or legal adoption. Children, sons, daughters, brothers, sisters, half-brothers, half-sisters, grandchildren, great-grandchildren, granddaughters and grandsons are the only acceptable group designations.