Any first-time government employees are automatically enrolled in the Federal Employees Group Life Insurance (FEGLI) program. Unless you opted to decline such coverage by the end of your first pay period, you would be the recipient of one of two types of FEGLI coverage. Basic FEGLI coverage provides group term life insurance without a medical exam and includes accidental death and dismemberment (AD&D). However, the premium cost for this package is shared between you and the federal government, except in union negotiations. For example, the Post Office covers 100% of the basic insurance costs for their current employees.
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Designating a beneficiary is a must when it comes to life insurance. The beneficiary is the individual you chose to receive death benefits upon your death. A standard order of precedence has been put into place if a beneficiary was not designated. Designating a specific individual ensures life insurance proceeds go to the right person. When one hasn’t been designated, the order of precedence is as follows: spouse, child, children (in equal shares), parents, next of kin (under law). If you are unsure of your current beneficiary, you may visit the servicing personnel office and check your Official Personnel File (OPF).
Contact Information:
Email: [email protected]
Phone: 9187441333
Bio:
Mark, a lifelong Tulsan graduated from Westminster College, Fulton, Missouri with a Bachelor of Arts in Accounting. Mark served in the United States Army as a Captain in the 486th Civil Affairs BN. Broken Arrow, Oklahoma and retired in 1996. Mark is married to his high school sweetheart Jenny and has four beautiful children. Mark’s passion for his work, which includes over 20 years in the Financial Industry started as an Oklahoma State Bank Examiner. Mark examined banks throughout Oklahoma gaining a vast knowledge and experience on bank investments, small business and family investments. Mark’s experiences include being formally trained by UBS Wealth Management, a global investment firm where he served as a Financial Consultant specializing in Wealth Management for individuals & families. Mark is a licensed Series 24 and 28 General Securities Principal and an Introducing Broker Dealer Financial Operations Principal. Additionally, Mark is a Series 7 and 66 stockbroker and Investment Advisor focusing on market driven investments for individuals, businesses and their families.
Mark specializes in providing financial knowledge, ideas, and solutions for federal employees, individuals, families and businesses. We serve as your advocate, and assist you in the design and implementation of financial strategies while providing the ideas to maximize your security and wealth. Our goal is to give you maximum control of your financial future. We provide the expertise to help you with personal issues such as: practical tax Ideas, risk management, investment solutions, and estate preservation.
Additionally, we’ve counseled hundreds of employees on their transitions from careers in federal government, and private industry to their next life stage, whether that is retirement or a second career. We specialize in devising strategies that roll your TSP, 401(k), pension plan, to a suitable IRA to meet your objectives.
Disclosure:
Securities offered through GRF Capital Investors, Inc., 6506 South Lewis Avenue, Suite 160 Tulsa, OK 74136 Phone: 918-744-1333 Fax: 918-744-1564
Securities cleared through RBC Capital Markets, LLC. 60 South 6th St., Minneapolis, MN 55402
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