It is important to keep the beneficiary of your life insurance policies up to date, so that in the event of your death (or your spouse’s death for Spousal Optional Life Insurance), the benefit is paid to the correct individual(s).
If you do not designate a beneficiary, the life insurance benefit will be paid to your estate in the event of your death (or to you if there is no beneficiary designation in the event of your spouse’s death and if they hold Spousal Optional Life Insurance).
All beneficiary designations in Workday are revocable with the exception of employees who reside in Quebec and name their spouse as a beneficiary. In the case of a Quebec employee, a spousal beneficiary designation is irrevocable in Workday. An irrevocable beneficiary designation cannot be changed without the beneficiary’s written consent. If you are a UBC employee residing in Quebec who wants to designate a spouse as beneficiary and you want the designation to be revocable, contact Janet McHugh at 604-822-6823 or janet.mchugh@ubc.ca.
At your request you may voluntarily make your beneficiary irrevocable. Or in some situations such as a court ruling, your beneficiary designation must be irrevocable. If you want to designate an irrevocable beneficiary or change your beneficiary designation from revocable to irrevocable, contact Janet McHugh at 604-822-6823 or janet.mchugh@ubc.ca.
- To view your beneficiary designation log in to your Workday account and look for Beneficiaries under the Benefits Worklet.
- If you wish to designate or change your beneficiary visit Workday.
For Workday resources and help visit the Integrated Service Centre.