Beneficiary designations

Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using: 

• IRAs and retirement plans
• Life insurance policies
• Donor advised funds
• Commercial annuities
• Bank and brokerage accounts

It only takes three simple steps to make this type of gift. Here's how to name the University of Michigan-Dearborn as a beneficiary:

1. Contact the administrator of your retirement plan, insurance policy, bank or brokerage account or donor advised fund for a change-of-beneficiary form or simply download a form from your provider's website.
2. 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.
3. Return the completed form to your plan administrator, insurance company, bank or financial institution.