Pamphlet RI 76-12
General Information About FEGLI (Continued)
How to Change Your Life Insurance Coverage after Retirement
Unless you have assigned your insurance, you may cancel it
at any time. If you cancel your Basic life insurance, you are canceling all your Optional insurance
as well. If you elected 50% or No Reduction for your Basic life insurance, you
may cancel this additional coverage at any time. If you have Option A - Standard insurance, you may cancel it at any time. You
may reduce (or cancel) the amount of your Option B - Additional and Option C -
Family insurance at any time. To do so, please write to us telling us what you want to do.
If you have assigned your life insurance or have elected a
living benefit, please call us to discuss any change you want to make in your
coverage. Assignment and living benefits are situations that may prevent you
from making changes.
Write to:
U.S. Office of Personnel Management
Retirement Operations Center
P.O. Box 45
Boyers, PA 16017-0045
Be sure to give us your civil service retirement claim
number (CSA number) and specify what action you want taken. Generally, the
reduction or cancellation is effective at the end of the month in which we
receive your written request. You will not receive a refund of any premiums paid
through the end of the month in which we receive your request. However, if you
are canceling Option C insurance in its entirety, the cancellation is
retroactive to the end of the month in which you no longer had an eligible
family member. (When you look for your premiums to change, remember that the
annuity payment you receive on the first business day of the month pays annuity
and insurance premiums for the preceding month.)
Termination of Life Insurance
Your Federal life insurance will terminate if your
entitlement to annuity benefits ends. For example, if you are a disability
retiree under age 60 and you are found recovered or restored to earning
capacity, your disability annuity and life insurance coverage will
end. You do not have the 31-day extension of coverage and may not convert
the life insurance to an individual policy.
If you are a disability retiree whose annuity terminated
as described above, you will retain your life insurance coverage if you are entitled to and apply for an
immediate discontinued-service annuity. You will receive complete information
concerning your right to do so if your disability annuity terminates. Also, if
you are under age 60 and your disability annuity is reinstated due to loss of
earning capacity or a recurrence of the disability for which you retired, you
will be given an opportunity to have your life insurance coverage reinstated.
Only coverage of the type and up to the amount you had in effect at the time
your disability annuity was terminated can be reinstated. If you are entitled
only to a deferred annuity after your disability annuity terminates, you cannot
retain your life insurance coverage as a retiree, and you cannot convert it to
an individual policy. Under certain conditions, your annuity and life insurance
coverage will terminate if you are reemployed in the Federal service, as
explained in the following discussion.
Reemployment in the Federal Service
You must tell the agency in which you are seeking
reemployment that you are an annuitant. If you become reemployed, you must notify:
U.S. Office of Personnel Management
Retirement Operations Center
P.O. Box 45
Boyers, PA 16017-0045
You should send us either (1) a copy of the personnel
document showing your appointment, if possible, or (2) the full name and address
of your employing agency and the date you were reemployed. You should also ask your employing agency for a copy of OPM Form 1482, Agency Certification of Status of Reemployed Annuitants, and send us a copy of it.