Understanding Designation of Beneficiary Forms

Understanding Designation of Beneficiary Forms

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Nancy Jackson

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main topic discussed by Kirsten Cameron and Lori Gleason?

Designation of beneficiary forms

Life insurance policies

Federal employee retirement plans

Employee compensation packages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Jack's story, who received his unpaid compensation?

Amy, his first wife

Kathy, his third wife

Betty, his second wife

His children

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the story of Jack primarily illustrate?

The process of federal employee retirement

The importance of updating beneficiary designations

The role of human resources specialists

The benefits of life insurance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if there is no designation of beneficiary form on file?

The benefits are paid according to the normal order of precedence

The benefits are split equally among all family members

The benefits are forfeited

The benefits are given to the government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended action if the normal order of precedence is acceptable to you?

Do not file any designation forms

File a new designation form

Contact a lawyer

Consult with a financial advisor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form is used for federal employees group life insurance?

SF-3102

SF-1234

SF-1152

SF-2823

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the SF-3102 form?

To designate life insurance beneficiaries

To update personal information

To manage TSP accounts

To designate retirement contributions

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