Almost everyone needs some life insurance. Through the Federal
Employees'Group Life Insurance (FEGLI) Program, the Federal
Government offers you an opportunity to participate in this group
plan which offers low rates and the convenience of payment
through payroll deduction. In addition, the Government pays
one-third of the cost of your Basic Life Insurance.
Most Federal employees are eligible to enroll in the FEGLI
Program. If you have a question concerning your eligibility, see
your employing off ice. Participation is entirely voluntary.
However, if you are eligible, you are automatically covered
for Basic Life unless you waive this coverage.
Your decision to elect or waive life insurance coverage should be
based on your evaluation of your personal and family situation
and needs, your existing insurance coverage, and your short and
long term plans. If you elect FEGLI coverage, you may cancel your
coverage at any time. Questions regarding your insurance should
be directed to your employing office or retirement system.
The group insurance provided by this Program is reinsured by a
large number of private insurance comoanies. The Office of
Federal Employees'Group Life Insurance (OFEGLI), located at 200
Park Avenue New York, NY 10166-0188, has been established to
administer the contract on behalf of these companies.
Federal Employees'Group Life Insurance is term insurance. As
such, it builds no cash or loan value, or paid-up or extended
insurance. There are two new features to the Program. If you
wish, you can assign your insurance to any person or persons you
choose. However, you can never change this assignment-it is
irrevocable (see page 14 for details). Also, effective July 25,
1995, if you are terminally ill with a life expectancy of 9
months or less, you may elect to receive a lump-sum payment prior
to your death (see page 12 for details).
If you are enrolled in the FEGLI Program, this booklet summarizes
for you the benefits to which you are entitled, to whom the
benefits are payable, to whom the claims must be submitted, and
other provisions of the Office of Personnel Management's contract
which principally affect you. This booklet, when supplemented by
your copy of your Life Insurance Election form, SF 2817, (which
you should attach to the inside back cover), constitutes your
Certificate of Insurance.
The costs for all coverage may increase or decrease from time to
time. Any such change would be made by the Office of Personnel
Management only after careful analysis of FEGLI Program
experience.
This booklet is not a contract of insurance. Your rights and
benefits are governed by provisions of chapter 87, title 5, U.S.
Code; the regulations of the Office of Personnel Management (5
CFR); and the contract negotiated by the Office of Personnel
Management.
The contract which provides the insurance referred to in this
booklet may be modified or terminated as may be required, such as
by changes in the FEGLI law. Any such modification or
termination, however, will not affect adversely any claim arising
from death or injury occurring before the modification or
termination.
It is important that you acquaint yourself and your family with
the information in this booklet. Keep it and your copies of your
Life Insurance Election form (SF 2817) and any Designation of
Beneficiary form (SF 2823) in a safe place known to you and your
family so that in the event of death, survivors will not overlook
any insurance benefits which may then be payable.
Office of Federal Employees' Office of Personnel
Group Life Insurance Management
This booklet is divided into three parts. Part One,
"Introduction:'contains the FEGLI Standards of Service and a
brief overview, "Your Life Insurance at a Glance:'which
describes the main provisions of the Program. Part Two,
"FEGLI-A Closer Look:'contains greater detail about the
Program. Part Three, "General Information:' includes
information about eligibility, enrollment, and general
procedures. It also contains "Questions and Answers:'an
election worksheet, a sample election form, and a table which
shows effective dates of insurance resulting from various events.
The information in this booklet is subject to change because of
statutory or regulatory revisions that take effect after
publication. Your employing off ice can give you the most
up-to-date information