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FAQ - Life Insurance
- How can I tell who my beneficiary is?
You can send a written request to the State asking for a copy of your beneficiary disclosure. Send requests to: Division of Pensions and Benefits, Beneficiary Services, P.O. Box 295 Trenton, NJ 08625-0295. UHR does not have beneficiary information.
- How can I change my life insurance beneficiary?
Complete a Designation of Beneficiary form and return it to: Division of Pensions and Benefits, Beneficiary Services, P.O. Box 295 Trenton, NJ 08625-0295
- How often can I change my beneficiary?
You may change your beneficiary as often as you like. Every time a Designation of Beneficiary form is received it replaces what was on file with the Division of Pensions and Benefits.
- If I have more than one beneficiary, can I designate different percentages to each?
Yes, you should indicate percentage assignments clearly in the space provided on the Designation of Beneficiary form. If you do not indicate percentages, the beneficiaries living at the time of your death will share equally in the distribution of death benefits.
- Can I assign my life insurance?
Yes, call the Division of Pensions and Benefits at 609-292-7524 and request them to mail you a Life Insurance Policy Assignment form
- Does my life insurance continue into retirement?
Members of PERS or PFRS continue a reduced amount of life insurance into retirement if they retired with 10 or more years of pension membership credit or if they retired on a disability retirement. PERS retirees receive 3/16 times last 12 month’s salary. PFRS retirees receive ½ of Final Compensation. Members of ABP continue life insurance equal to one half times last 12 month’s salary, if they retired with 10 or more years of pension credited service at age 60 or above.
