Beneficiaries

It is important that HEB Manitoba has your beneficiary designation on file to ensure that your Life Insurance benefit is paid according to your wishes in the event of your death. Many members only designate beneficiaries when they first enrol in the Life Insurance Plan. Not updating beneficiary information may result in benefits being paid to an unintended beneficiary.

If designating a beneficiary who is a minor or who lacks legal capacity, you may wish to appoint a Trustee. It is important that you do not appoint a Trustee if you have already appointed a Trustee in any legal document. If you are designating a Trustee, we recommend you first consult with the proposed Trustee and a legal advisor.

You may update your beneficiary at any time. We recommend that you review your beneficiaries regularly, especially if you experience a life event such as:

• Marriage or date of co-habitation of a common-law relationship,
• Marriage break-up or termination of a common-law relationship,
• Acquiring new dependants, or
• The death of a beneficiary.

Note: Your designated beneficiary is not automatically changed or revoked by marriage or divorce. In the event of a marriage or divorce, if you wish to change your beneficiary you must do so by completing a HEB Manitoba Life Insurance Plan Beneficiary Change Form. Any person you designate as a contingent beneficiary will only receive proceeds if all primary beneficiaries have predeceased you.