Beneficiary Information
It is important that you keep your beneficiary designations current to ensure
that benefits are paid promptly and according to your wishes. If you need to
change your beneficiary because of marriage, divorce, adoption of a child or a
birth or death in your family, complete a
Designation of Beneficiary form VRS-2
60kb
and return it to VRS. You may also call Minnesota Life at
1-800-441-2258 for a copy of the beneficiary change form.
VRS does not send you a confirmation notice upon receiving a beneficiary designation form, so it is important to keep a copy of the form for your files.
VRS cannot give out the name of your beneficiary over the phone. To receive this information, you must send a request in writing to VRS at:
Virginia Retirement SystemLife Insurance Unit
P.O. Box 2500
Richmond, VA 23218-2500
If no valid beneficiary designation is on file with VRS
The beneficiary designation for any remaining member account contributions and for life insurance benefits will be assumed to follow in an order established by law. The order is:
- Your spouse;
- If no surviving spouse, to your children and descendants of deceased children;
- If no children or descendants of deceased children to your parents; to the duly appointed executor or administrator of your estate;
- If none, to your other next of kin.
If you have a beneficiary designation on file with VRS and none of the persons you have named as beneficiaries is living at the time of your death, your life insurance benefits will be paid to your estate.
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