Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides. When you name the UVM Medical Center as a beneficiary of one of your accounts, you get to decide how much of the plan’s assets go to family members and how much goes to charity, you maintain the freedom to change your beneficiaries at any time, and it’s typically quick and easy to update your beneficiary information. Beneficiary designations can be made for the following assets:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three, simple steps to make this type of gift. Here's how to name The University of Vermont Medical Center as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.