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  • Update Your Beneficiary Designations

    April 18, 2019

    Many of your Farm Credit benefits allow you to designate a beneficiary. By naming a beneficiary, you ensure your benefit is being passed on the way you want. Follow the steps listed below to add or update beneficiaries within the vendor websites.

     

    Defined Contribution/401(k)
    You can view and update your 401(k) beneficiary at any time:

    1. Log into mylife.jhrps.com

    2. Click ‘Menu’ and select ‘My Profile, Beneficiaries & Settings’ link

    3. Select the ‘Beneficiaries’ tab and you’ll be guided through the process!


    Note, if you are married and designating a beneficiary other than your spouse, you will need get your spouse’s consent.

    For information contact John Hancock at 1-800-294-3575.


     

    Life Insurance and Accidental Death & Dismemberment

    Farm Credit Foundations offers the group insurance coverage options through Minnesota Life:

    • Basic Term Life and AD&D Insurance

    • Optional Basic Term Life and AD&D Insurance

    • Optional Dependent Term Life Insurance for your children

    • Voluntary AD&D coverage for yourself or your family

    • Employee Group Universal Life Coverage with optional Cash Accumulation Fund

    • Spouse Group Universal Life Coverage with optional Cash Accumulation Fund


    Minnesota Life provides a secure web site, www.lifebenefits.com, for electing, storing, and updating your life insurance beneficiary designations. This secure online service protects the privacy of your information while ensuring your beneficiary information is available when it’s needed. Or you can call Minnesota Life at 1-800-843-8358 to update your beneficiary(ies) designations.

     

    Tax Advantage Accounts

    You can view and update your beneficiary at any time:

    1. Log into payflex.com

    2. Click ‘Manage My Beneficiaries’ under the ‘Account Actions’ section

    3. Follow the instructions to add or update beneficiaries as needed