MMC Benefits Handbook
Beneficiary Elections
These are the benefit plans for which you name a beneficiary to receive a benefit in the event of a death:
- Voluntary AD&D
- Health Savings Account
- Business Travel Accident Insurance
- Personal Life Insurance
- Basic Life Insurance
- Group Variable Universal Life
- 401(k) Savings & Investment Plan (if you are married, you will need your spouse's consent to name someone other than your spouse as beneficiary)
- Supplemental Savings & Investment Plan
Each plan has rules about who can be your beneficiary. Refer to the individual benefit plan sections for further information about beneficiary elections for these plans.