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You should designate a beneficiary immediately upon becoming a Plan member. Your designated UCRP beneficiary receives a basic death payment of $7,500, your CAP payment (if any), and any accumulations that remain after the deaths of your eligible survivors and contingent annuitant. You may name the same or different beneficiary for your Accidental Death and Dismemberment (AD&D), Life Insurance, and/or Business Travel Accident Insurance. You may name more than one beneficiary and specify the percentage that each beneficiary is to receive online or by submitting form UBEN 116 [PDF]. A beneficiary may be a person, trustee, or organization. You can change your beneficiaries at any time. If no beneficiary is named or if your beneficiary is no longer living, any benefits will be paid to your survivors in the following order:
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