Confirming Your Beneficiary Designations – Life Insurance and 401(k) Accounts

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Date:July 1, 2022


As the saying goes, “Life is what happens when you’re busy making plans.”

It goes without saying that not all lifelines correspond to the plans we could make. For this reason, it is important that we protect our families and our hard-earned benefits by ensuring that our beneficiary designations accurately reflect our intentions.

Marriage, birth, adoption, divorce or death are all important reasons to review the beneficiary designation on your life insurance and 401(k) accounts. Having the beneficiary you want for your United Airlines Flight Attendant 401(k) plan ensures that your account balance will be transferred to whoever you want without the cost or delay of your probate-related assets. In terms of understanding, a will only distributes your personal assets and does not apply to your 401(k). If you don’t have an updated beneficiary, your loved ones may need to complete additional documentation, which could delay receiving your account balance payment. Depending on your personal situation, this could be something your family might need in case something happens to you unexpectedly.

Check and update your beneficiary information:

1. Log into NetBenefits® at www.netbenefits.com
2. Click on the link Your profile
3. Select Beneficiaries* and follow the online instructions.

For more information please contact your local council benefits committee.

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