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The document is a form for designating beneficiaries under the Federal Employees' Group Life Insurance (FEGLI) Program. It includes sections for the insured's information, beneficiary details, and a statement of understanding regarding the designation process. The form outlines instructions for completing it, including requirements for signatures and witnesses, as well as guidelines on how to cancel or change beneficiary designations. It emphasizes the importance of keeping beneficiary information current and provides legal context regarding assignments and court orders.

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Versions	Form popularity	Fillable & printable
2014	4.8 Satisfied (246 Votes)
2001	4.2 Satisfied (69 Votes)
1995	4 Satisfied (70 Votes)

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What is the FEGLI 5 year rule?

As a rule, you can only continue your FEHB and/or FEGLI coverage into retirement if you are 1) currently enrolled, 2) have been enrolled for at least five years or from your earliest opportunity to enroll, and 3) are retiring on an immediate annuity (including disability).

What happens if you dont designate a beneficiary for life insurance?

If you do not name a beneficiary, The Standard will pay the life benefit ing to the policy order. This means your surviving spouse will be paid the benefit as the first person listed in the order.

Can you reduce FEGLI coverage?

Cancellation or Reduction of FEGLI An employee can cancel, waive, or reduce their insurance coverage at any time. Employees can use their agencys electronic enrollment system or submit form SF 2817 to their human resources office.

What is an SF 2823 form for?

Mail Form To SF 2823, Designation For FEGLI Determines how proceeds from the life insurance are distributed.

How to avoid the 75% FEGLI reduction?

To make your choice, submit SF 2818 to your human resources office shortly before you retire. If you do not turn in the form, you will be defaulted to 75% Reduction.

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How does FEGLI 75% reduction work?

75% Reduction: your Basic coverage reduces 2% each month until it reaches 25% of its pre-reduction amount. Your Basic is free (no premium) once the reductions begin and remains free until your death.

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What is the FEGLI 5 year rule?

What happens if you dont designate a beneficiary for life insurance?

Can you reduce FEGLI coverage?

What is an SF 2823 form for?

How to avoid the 75% FEGLI reduction?

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How does FEGLI 75% reduction work?

sf 2823 revised june 2021

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