"Beneficiary designation" means an instrument, other than an instrument creating a trust, naming the beneficiary of:
- (1) an annuity or insurance policy;
- (2) an account with a designation for payment on death;
- (3) a security registered in beneficiary form;
- (4) a pension, profit sharing, retirement, or other employment related benefit plan; or
- (5) any other nonprobate transfer at death, except for property held as joint tenants with rights of survivorship or as tenants by the entireties.
As added by P.L.5-2003, SEC.1.