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Video instructions and help with filling out and completing nationwide annuity forms
Music welcome to John Hancock annuities I'm Constance and today I'll guide you through some of the more complex sections of the change of owner and beneficiary form you may use this form to make owner and beneficiary changes to a variable or fixed annuity contract please remember an owner change is an absolute assignment of the contract and can result in adverse tax consequences to you let's begin by reviewing section 1 please complete all fields and prthe owner information exactly as it appears on your annuity statement if you are requesting owner changes to your annuity contract please complete section 2 if not you may proceed to section 3 where you will designate beneficiaries in section 2 please select only one of the following options to change ownership of your annuity contract select option 1 to change the existing owner to another person select option 2 if you're requesting to add a co-owner in addition to the existing owner listed in section 1 or select option 3 to remove an existing co-owner and prthe information below for the owner who will remain on file it's important to note that section 2 is asking for the new owner or co-owner information in order for John Hancock to process your request all fields must be completed if you're choosing option 3 to remove an existing co-owner you must prthe contact information for the remaining owner of the contract section three of the forum is where you'll have the option to designate one or more beneficiaries for your annuity contract we pra list of all requirements a valid beneficiary designation must meet please read this section carefully and select the beneficiary type that applies to your situation it's very important to remember that percentages must equal a hundred percent in each beneficiary category in Section four the authorization section you and all new owners must sign and date the form please refer to the instructions on page one as to whether your situation requires a medallion signature guarantee before mailing your form please double check that you fulfilled all requirements for your request such as you've listed your account number at the top of each page on the change of owner and beneficiary form if applicable you've obtained a medallion signature guarantee from a federally insured banking institution and lastly you've included a completed w9 form if you haven't submitted one in the past year to learn more about completing forms and accessing account information please visit our youtube channel thank you for choosing John Hancock Music you.