Viatical Settlements and FEGLI
FEGLI has no cash value, but that’s not stopping you from assigning it to one or more assignees, and one of these may be a viatical settlement company.
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FEGLI Death Benefits Claim Guide
f you die while still covered by your FEGLI life insurance, your designated beneficiary or beneficiaries need to file a claim for death benefits.
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Death Benefits: Trustee Designation For FEGLI
Federal employees and retirees can establish a trust to receive their FEGLI death benefits either through inter vivos or testamentary trusts.
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FEGLI Accidental Death and Dismemberment Benefits
You or your beneficiaries can claim FEGLI accidental death and dismemberment (AD&D) benefits when you, as the insured, suffer from loss of life, limb or eyesight.
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Concurrent Employment: How Much FEGLI Coverage Do You Get?
Concurrent employment is where a federal employee is earning federal wages from more than one agency and outlines how to calculate the amount of FEGLI coverage.
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Impact of Breaks in Service on Your FEGLI Coverage
When federal employees take breaks in service and reinstated into their prior position find out what happens to FEGLI coverage.
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Reemployed Annuitants and FEGLI
If you have decided to enjoy retirement benefits such as FEGLI for annuitants, but become reemployed, you will need to sort out life insurance coverage.
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Pending Retirement Claims and FEGLI
FIrst published on COMPAREFEGLI.COM FEGLI and Pending Retirement Claims So you’re eligible for FEGLI and your life insurance coverage will continue when you are an annuitant after federal separation. But there’s a twilight zone in between the two, when your reettirement claim is pending. What happens to your coverage if you die in this twilight
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FEGLI Eligibility For Your Spouse
Federal employees are themselves automatically enrolled into FEGLI and can elect to include coverage for your spouse and children through FEGLI Option C.
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FEGLI Eligibility For Children
Federal employees are themselves automatically enrolled into FEGLI and you can elect to include coverage for your children through FEGLI Option C.
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FEGLI Eligibility: How to Request Reconsideration
In the rare case that there is some confusion over eligibility for FEGLI and you are not enrolled, it may be incumbent on you to request reconsideration.
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The Curious Case of FEGLI Incontestability
When it comes to FEGLI and federal benefits, incontestability is only possible in certain rare circumstances.
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FEGLI Insurance Cancellation and Reversal of Cancellations
As a new federal employee, you are automatically enrolled into the Federal Employees Group Life Insurance (FEGLI) program. You can, of course, specifically provide a waiver that lets you cancel your enrollment.
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Erroneous FEGLI Coverage and Correction of Errors
It doesn’t happen often, but in the rare instance that you get entangled into erroneous FEGLI coverage, it may be a good idea to know beforehand how to correct the error.
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Rights of Insured and Assignee After FEGLI Assignment
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.
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Individual Responsibilities of FEGLI Enrollees
When you join federal employment, you are automatically enrolled into the Federal Employees Group Life Insurance (FEGLI) program. So you don’t really have anything much to do as far as shopping around to buy life insurance is concerned.
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Don’t Fall For FEGLI Discounts
Federal Employees shop around for FEGLI savings or look for other similar life insurance products that give them the same protection and cover at a lower price.
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FEGLI Verification of Life Insurance (VOLI)
Federal employees often forget details about their FEGLI coverage and options. Annuitants, beneficiaries and compensationers may not even be aware of the coverage, or may have forgotten about it. This is where it’s helpful to be able to see and print a FEGLI Verification of Life Insurance (VOLI) for your records.
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FEGLI Handbook and Booklet For Federal Employees
The FEGLI Handbook is probably the best resource for both federal employees and agency insurance officers looking for information about the Federal Employees Group Life Insurance (FEGLI) Program.
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FEGLI Basic and Options Reductions After Federal Retirement
It’s important to understand how the Federal Employees’ Group Life Insurance (FEGLI) Program is designed to reduce the cover for retirees in a phased manner.
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