MMC Benefits Handbook
How do I name or change my beneficiary?
You can name anyone you wish as a Beneficiary. To name or change a beneficiary, go to Colleague Connect ( Click Pay & Benefits and select Mercer Marketplace Benefits Enrollment Website under Benefits.
You are always the beneficiary if your covered family members die.
Who receives my Business Travel Accident Insurance benefit if I don't name a beneficiary?
If you do not name a beneficiary, or if your beneficiary isn't alive when you die, the benefit will go to your estate.
Can I assign my benefit to someone else?
The Plan permits absolute assignment by gift. Assignments are generally made to a spouse 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 ( Click 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.