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Does your spouse have to be your beneficiary for long term disability?
Wiki User
∙ 10y ago
Since IRA accounts are not governed by ERISA law as are 401(k) plans and other qualified retirement plans (such as 403(b) and others), the spouse is not required to be the default beneficiary. For those plans governed by ERISA, a spouse must either be the beneficiary of the plan or must have authorized any other beneficiary designation.
IRAs (both traditional and Roth IRAs) do not have this restriction: you can name anyone you wish as the beneficiary of your IRA account.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoNo your spouse does not need to be your beneficiary. Most claims checks are paid to the policy holder. Disability pays benefits while you are alive, but unable to work. The beneficiary designation comes into play only rarely.
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