Updating your Beneficiaries

Are your beneficiaries up to date? The end of calendar year 2024 is a great time to confirm!

Basic Life Insurance
All benefit-eligible employees have Basic Life Insurance in the amount of $100,000. To designate a beneficiary, complete the Beneficiary NextGen Form on the Benefits web page under “Beneficiary Forms.” If you are not sure who your current beneficiary is, log into the NextGen dashboard with your SSO and locate your most recently submitted form.

Supplemental Life Insurance and AD&D
If you have purchased additional Supplemental Life Insurance or Accidental Death & Dismemberment (AD&D), a beneficiary must be designated for each account. To designate a beneficiary, complete the Beneficiary NextGen Form on the Benefits web page under “Beneficiary Forms.” If you are not sure who your current beneficiary is, log into the NextGen dashboard with your SSO and locate your most recently submitted form.

Retirement Beneficiaries
The University of Alaska does not maintain beneficiary information on employee retirement accounts. To designate a beneficiary, you must work directly with the vendor in which your funds are invested.

• PERS Tier I, II, III and TRS Tier I, II
  • Contact Division of Retirement and Benefits (DRB) at 1-800-821-2251
    
    
• PERS Tier IV and TRS Tier III
  • Contact Empower Retirement at 1-800-232-0859
    
    
• ORP all Tiers and the UA Pension Plan
  • Contact TIAA, Fidelity, Lincoln, or VALIC/Corebridge depending on where your funds are invested
    
    
• Voluntary 403(b) and Voluntary 457(b)
  • Contact the vendor your funds are invested

Emailed via benefits newsletter on 8/13/2024, 8/27/2024, 10/29/2024, 11/12/2024.
Published via UA News 8/23/2024, 11/1/2024.
Contact Benefits:  (907) 450-8242  | ua-benefits@alaska.edu | schedule one-on-one time