Beneficiary Clauses
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Written by Gael Minon
Updated over a week ago

What is a beneficiary clause?

The beneficiary clause enables you to designate the people to whom you will pass the death benefit of your life insurance contract after your death. The beneficiary can be a natural person or a legal person such as an association of a foundation.

You can change this beneficiary clause at any moment. All you need to do is send us an email to [email protected] or contact us by chat through One of our experts will assist you in changing your beneficiary clause and will provide you with all the advice you need.

However, if the beneficiary has already accepted the benefit of the contract, you will no longer be able to change the clause. In this case, the clause is irrevocable. Since 17 December 2007, the acceptance of the benefit can only be done by an endorsement to the contract that must be signed by the policy holder.

If you do not complete the beneficiary clause form and do not designate your beneficiaries, the invested amount will be reintegrated in your estate.

Choosing the standard beneficiary clause

This clause enables you to pass the death benefit of your contract primarily to your spouse.

If your spouse is deceased, the death benefit will pass to your living children, or, if one of the children is dead or rejects the death benefit of the contract, to his or her representative, by default his or her inheritors.

Please note: Only the person you are married to will be considered a spouse. So, this excludes the partner with whom you have concluded a civil partnership. In that case, you have to designate this person by name or by a free clause.

Choosing the nominative beneficiary clause

This is a clause enabling you to pass the death benefit of your contract to a natural person or a legal person. You can designate up to 4 different beneficiaries.

In case you designate more than one beneficiary, you can choose to distribute the death benefit in equal shares or in percentage. In case you opt for a percentage distribution, the total must equal 100%.

Choosing the free beneficiary clause

This is a clause enabling you to pass the death benefit of your contract to one or more persons, for instance on the basis of your kinship.

Please prevent using general descriptions when designating a distant kin or a third party as a beneficiary (e.g. “my aunts and uncles”, “my nieces and nephews”, “my partner*” ...). In that case, use the designation by name.

* Please note: the partner is nor the spouse, nor the person with whom you concluded a civil partnership. If you want to designate your partner as a beneficiary, please do so by designating him or her by name.

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