Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

Rights of Insured and Assignee After FEGLI Assignment

First published on comparefegli.com

Rights of Insured and Assignee After FEGLI Assignment

FEGLIOne of the things you can do as after being enrolled into the Federal Employees Group Life Insurance (FEGLI) program is to make an assignment. The insured or assignee can make multiple assignments, with specified percentages or fractions of the insurance to go to each assignee.

Note that you cannot assign dollar amounts, and the fractions must add up to 1.0 or the percentages assigned must add up to 100 percent.

One of the aspects that many insureds who have made a FEGLI assignment neglect to find out is about what rights they retain after assignment, and what rights are transferred to the assignees.

Here’s a brief overview of how this works.  READ MORE…

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