Designating Beneficiaries

When you first enroll for Boston University benefits, you should designate a beneficiary for your accident insurance, retirement plan, and life insurance coverage. Then, be sure to keep your beneficiary designations up to date.

The following table provides summary information about designating beneficiaries.

Benefit Whom may I name? What if I don’t name a beneficiary or none of my beneficiaries survive me? May I transfer or assign the rights to my benefits?
Retirement Plan and Supplemental Retirement & Savings Plan
  • Your spouse
  • Any individual or entity if you are not married, or if your spouse provides written, notarized consent to another beneficiary.
Benefits will be paid in the following order:

  • Your surviving spouse
  • Your estate
No, unless designated in a Qualified Domestic Relations Order.
Basic Life Insurance Plan and Group Supplemental Life Insurance Plan Anyone, provided you have not previously made an irrevocable designation. Benefits will be paid to your estate. Yes, to a person or a trust.
Travel Accident Insurance Plan Your beneficiary is the same as for your Basic Life Insurance, unless you elect otherwise. Benefits will be paid to your estate. Yes, to a person or a trust.
Personal and Family Accident Insurance Plan Your beneficiary is the same as for your Basic Life Insurance, unless you elect otherwise. Benefits will be paid to your estate. Yes, to a person or a trust.