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Only the terminally ill person can apply for a Living Benefit. A guardian, someone with power of attorney, or any other person cannot apply for a Living Benefit on your...
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A Living Benefit payment is a lump sum payment to those who are terminally ill and have a documented medical prognosis showing a life expectancy of no more than nine...
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Only Basic insurance is available for a Living Benefit. The Office of Federal Employees' Group Life Insurance cannot pay Optional insurance as a Living Benefit.
A Living Benefit election has no...
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Your Living Benefits payment will be reduced by a nominal amount to make up for lost earnings of the Life Insurance Fund because of early payment of benefits. This nominal...
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If you elect a full Living Benefit, you stop paying premiums and the Government no longer pays its contributions for your Basic life coverage.
If you elect a partial Living Benefit,...
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No. If you receive a payment of Living Benefits, that money is yours to use as you please. You do not have to return the money if you live longer...
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No. When you receive a partial Living Benefit, the amount of your remaining Basic insurance is frozen. It does not increase due to a salary increase, nor does it decrease...
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