What's New

  • The 401(k) conversion Blackout Period will begin September 24th
  • The Wellness Biometric & HRA Deadline is September 30th
  • The DriveTime 401(k) Plan will be administered by Fidelity Investments beginning October 1, 2008

Home : Benefit Links : Life Insurance : Beneficiary Information
Life Insurance
Beneficiary Information

You have the opportunity to designate life insurance beneficiaries for each of your eligible life insurance plans. These designations can be made for all your life insurance plans. 


Beneficiary information for all benefit programs is maintained confidentially. In the event of your death, DriveTime will produce the last beneficiary designation on record to the life insurance company.


Beneficiary Designations


You should designate a beneficiary(ies) to receive life insurance payments in the event of your death. Your beneficiary(ies) can be one or more individuals, a trust, an estate or a charity. If your primary beneficiary(ies) predeceases you, the beneficiary’s share will be divided equally among surviving primary beneficiary(ies). You may also name a contingent beneficiary(ies) to receive benefits if no primary beneficiary survives you.


Primary and contingent sums must each equal 100 percent on all plans.
You can view, add or change your beneficiary information as often as you wish.


Filing a Claim


To file a claim for basic, supplemental, or dependent life insurance benefits, you, your DriveTime department, or members of your family should contact the DriveTime Benefits Department at (800) 378-8463. The Benefit Department will provide the necessary forms and help you or your beneficiary file a claim for insurance. A claim must be filed within 365 days of the loss.
 

Life Insurance
Beneficiary Information