Get OPM SF 2819 1995-2024

WAEPA provides higher maximum coverage amounts and can often save you money compared to FEGLI.

50% Reduction: your Basic coverage reduces 1% each month until it reaches 50% of its pre-reduction amount. There is an extra premium for this choice that you will continue to pay until you die, switch to 75% reduction, or cancel Basic.

Form: SF2819. Notice of Conversion Privilege - Federal Employees' Life Insurance Program. This form is available at http://.opm.gov/forms.

FEGLI provides term life insurance at group rates with payroll deductions available through your Federal agency. Benefits are paid if you or a family member die or if you become dismembered while insured. It's important protection to help you plan for the future financial needs of your family and loved ones.

Can I keep my basic life insurance benefits after I retire? 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.

FEGLI is affordable, and eligible employees should take advantage of it — it's a decent, cheap starter policy — but it rarely provides adequate coverage, especially for breadwinners. But FEGLI can supplement your private term life insurance coverage.

Use of the Standard Form 52. Although the Standard Form 52, Request for Personnel Action, is needed as the input document for many actions, its use for Name Change action is optional. The employee may use either a Standard Form 52 or a memorandum to submit a request for a name change.

FEGLI insurance is a term insurance policy and has no cash value.