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Beneficiaries
A beneficiary is the person, people, estate, or entity you name to receive benefits from the Life and Accident Insurance Plans if you die. You can name anyone as your beneficiary — including a trust — or you can name more than one person to share the benefit. You can also change your beneficiary at any time, and you can have different beneficiaries for each separate benefit plan.
Keep in mind that if you name more than one person as your primary beneficiary, you should specify what percentage of your benefit each primary beneficiary would receive and these amounts must total 100%. You may also name contingent beneficiaries; these beneficiaries are entitled to receive a benefit only in the event the primary beneficiary(ies) predecease the employee. (The distribution across contingent beneficiaries must total 100%.) If you do not specify what percentage of your benefit should be distributed to each named beneficiary, the allocation occurs equally within each category.
If you do not have a designated beneficiary (or all of your named beneficiaries die before you), benefits will be paid in the following order:
  • For company-paid life and business travel accident insurance, employee supplemental term life insurance and employee accidental death and dismemberment (AD&D) insurance:
    • Surviving spouse
    • Surviving children (in equal shares)
    • Surviving parents (in equal shares)
    • Surviving siblings (in equal shares)
    • Your estate
To designate a beneficiary (including a domestic partner), you must submit an online beneficiary designation form. The form is available:
    • From the intranet: me@jpmc > Benefits & Rewards > View or Update Beneficiaries
    • From the internet: beneficiary.jpmorganchase.com
    • A paper form is also available by calling HR Answers.
Note: The beneficiary information you provide online or through a paper form must be completed correctly. Please note that MetLife has been delegated responsibility to review beneficiary designations. In the event MetLife rejects a beneficiary election, the most recent prior designation on file, if any, will remain in effect until receipt of a new valid election. All questions concerning the status of an individual as beneficiary under the Plan shall be referred to MetLife for review, with MetLife making the final decision. A beneficiary designation form will remain in force until a new valid form is received. Therefore, if you have designated your spouse by name as your beneficiary on a Beneficiary Designation form, and you subsequently divorce, your beneficiary designation of your former spouse remains in effect until you designate a new beneficiary(ies) even if you were to remarry. If you would like to designate your new spouse as your beneficiary, you must complete a new Beneficiary Designation Form.
  • For dependent supplemental term life insurance, and dependent accidental death and dismemberment (AD&D) insurance: You're automatically the beneficiary for your spouse/domestic partner and/or children. If you and your spouse/domestic partner both work for JPMorgan Chase, the parent who covers the child(ren) is the beneficiary. If there is no one eligible to receive the benefit payment, MetLife will pay the employee's estate.
  • For Business Travel Accident Plan: If your spouse/domestic partner and/or dependent child pass away while they accompany or are on their way to accompany you on an authorized, company-paid business trip while you are covered under the plan, you are the beneficiary for that covered individual. If you and your spouse/domestic partner both work for JPMorgan Chase, and your dependent child passes away while accompanying either parent or on their way to accompany either parent on an authorized business trip, the beneficiary is the parent whose business travel was involved when the dependent child's death occurred.