When you make a binding beneficiary nomination you have the final say where your benefit should go, as long as your nomination is valid and binding at the time you pass away.
Review and update your binding beneficiary nomination every three years to ensure it still reflects your wishes and remains valid. You can also choose to make a non-lapsing binding beneficiary nomination, which won't expire (as long as it’s valid). If you make this nomination, be sure to update it if your circumstances change.
Sometimes a change in your circumstances could result in your binding nomination (both lapsing and non-lapsing) becoming non-binding, so it’s important to keep your nomination(s) up to date.
To make or update a binding beneficiary nomination, fill in and return the Binding beneficiary form.