Add a beneficiary
A beneficiary is someone who will receive the benefits of a life insurance policy in the event of the policy-holder’s death. If your company has a life insurance policy managed by Gusto, you can add your beneficiary in your employee account. Follow these steps:
- Click the Benefits tab
- Click the Life tile.
- Click Add Beneficiary.
- Add the details of your beneficiary.
- Click Save.
Note: If you'd like to add multiple beneficiaries, click Add Beneficiary again and set the percentage of distribution to your preference. In the event of the insured’s death, the carrier will reach out to Gusto for beneficiary information. Each time a beneficiary is changed, the information is time-stamped and the most recent update will be used to distribute the policy benefits.