Yep! And you can also change your designated beneficiary at any time. In order to do so, please use the following forms: Change of designated beneficiary
As a general rule, any of the following people can be designated as the beneficiary:
– surviving spouse or registered partner
– direct descendants, any natural person who received significant support from the deceased person, any person in a cohabiting relationship with the deceased person without interruption for the last five years prior to death or any person who is liable to provide maintenance for one or more common children;
– parents;
– siblings;
– any other heirs.
Unfortunately, you’re not allowed to designate your dog, your cat, your hamster or your goldfish.