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Yes, you can keep your existing basic life insurance coverage if you meet all of the following conditions: You're enrolled in basic life insurance under the Federal Employees' Group Life Insurance (FEGLI) program when you retire.
SF 2823, Designation of Beneficiary - Federal Employees' Group Life Insurance Program (FEGLI)
It provides your beneficiaries with a $10,000 death benefit in the event of your death.
This Designation of Beneficiary form is used to designate who is to receive a lump-sum payment which may become payable after your death. It does not affect the right of any person who is eligible for survivor annuity benefits.
Complete form SF 2823 Designation of Beneficiary, Federal Employees' Group Life Insurance Program and mail original to U.S. Customs and Border Protection, Retirement and Benefits Advisory Services (RABAS), 90K Street NE, 5th Floor, Washington, DC 20229, Mail Stop 1400.
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To find out who you've designated as beneficiaries, go to your servicing personnel office and check your Official Personnel File (OPF). That way you can make sure that the designations of beneficiary you originally made are still the ones you want to receive the benefits in the event of your death.
The completed original SF-2823 must be submitted to the employee's servicing personnel office for immediate filing in the Official Personnel File (OPF). The servicing personnel office will certify the form and mail a copy to the employee's mailing address of record.
The SF 2821 should be completed to reflect the retiring employee's insurance status at the time of separation for retirement and attached to the Application for Retirement.

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