Naming FMMC as a beneficiary of a retirement plan will allow you to avoid double taxation of retirement assets. Like a gift of life insurance, you can name FMMC as the beneficiary of a portion or all of your IRA, 401(k), or other retirement plan remaining at your death. When your estate is settled, the amount designated passes to us and your family avoids income and estate tax.
To designate FMMC in your Retirement Plan, simply request a change-of-beneficiary form from your plan administrator.
If you would like to learn more about making FMMC a beneficiary of your Retirement Plan, or you would like to notify us that you have already done so, please click here.