Considerations When Naming Beneficiaries
1. List ALL beneficiaries. Beneficiary payments are paid from the most recent beneficiary designation on file with PEHP.
2. Types of beneficiaries:
A. Primary - Person to receive the death benefits upon the death of the member.
B. Contingent - Person to receive the death benefits upon the death of the memer if the primary beneficiary is deceased.
3. If you name multiple primary beneficiaries, the proceeds will be split equally, unless otherwise instructed on the form.
4. If your primary beneficiary(ies) dies before you and you have not named a continget beneficiary, the proceeds may be subject to Title 75, Chapter 2 of the Utah Uniform Probate Code.
5. If you name a trust as beneficiary, be sure to list the name of the trustee and the date the trut agreement became effective.
6. Proceeds may not be paid directly to a minor child. In the event a minor child is named a beneficiary, proceeds must be paid to a trust, conservatorship or legal guardian.