Benefits Handbook

You can name anyone you wish as a beneficiary.

To name or change a beneficiary, go to Colleague Connect (https://mmcglobal.sharepoint.com/sites/home). Click Pay & Benefits and select Aptia365 Benefits Enrollment Website under Benefits.

You are always the beneficiary if your covered family members die.

If you do not name a beneficiary, or if your beneficiary isn't alive when you die, the benefit payment will go to your estate.

The Plan permits absolute assignment by gift. Assignments are generally made to a spouse/domestic partner or an adult child, or a trustee of an executed trust agreement. Any such assignment will irrevocably transfer the right, title, interest and incidents of ownership, both present and future, in such benefits.

To make an Assignment of Insurance, Absolute Assignment forms are available on Colleague Connect (https://mmcglobal.sharepoint.com/sites/home). Go to Pay & Benefits, under Find a document, select Search all documents. The assignment form must be reviewed, approved and authorized by the appropriate insurance company representative.

Assignment of benefits may involve federal and state income, gift, and estate tax questions. Legal advice from an attorney prior to making an assignment is recommended.

If you and your beneficiary die at the same time, your benefit [and your beneficiary(ies)] will be determined based on the New York Estates, Powers & Trust Law governing multiple deaths, which generally provides that the benefit will be distributed as if you survived your beneficiary if there is no sufficient evidence that your deaths were not simultaneous.