Rights of Insured and Assignee After FEGLI Assignment

First published on comparefegli.com

Rights of Insured and Assignee After FEGLI Assignment

FEGLIOne of the things you can do as after being enrolled into the Federal Employees Group Life Insurance (FEGLI) program is to make an assignment. The insured or assignee can make multiple assignments, with specified percentages or fractions of the insurance to go to each assignee.

Note that you cannot assign dollar amounts, and the fractions must add up to 1.0 or the percentages assigned must add up to 100 percent.

One of the aspects that many insureds who have made a FEGLI assignment neglect to find out is about what rights they retain after assignment, and what rights are transferred to the assignees.

Here’s a brief overview of how this works.  READ MORE…

 OTHER FEGLI RELATED ARTICLES:

Using side-by-side Comparisons to Choose the Right Insurance Policy?

Easy to Understand FEGLI Calculator – Find the Right Insurance For You

What are Your FEGLI Options?

FEGLI – How to Reduce the Costs of Your Life Insurance?

Do You Need to Compare FEGLI Insurance with Other Insurance Policies?

How (FEGLI) Federal Employees’ Group Life Insurance Program Works

Other Admin Articles

Critical Aspects of TSP Installments Sponsored By:Jeff Boettcher

10 Ways to Boost Your Retirement Savings - Regardless of Your Age

Ways to Catch Up on Retirement

Learn How to Live a Retirement That’s Worth Saving for

Leave a Reply