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Get Assignment Of Federal Employees' Group Life Insurance - Opm
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How to fill out the Assignment Of Federal Employees' Group Life Insurance - Opm online
Filling out the Assignment Of Federal Employees' Group Life Insurance (FEGLI) form is essential for transferring ownership of your life insurance coverage. This guide will provide clear, step-by-step instructions to help you navigate the process online with ease.
Follow the steps to complete your assignment form accurately.
- Click ‘Get Form’ button to access the Assignment Of Federal Employees' Group Life Insurance form and open it in your preferred editor.
- Begin with Part A - General Instructions. Keep in mind to read the instructions on the back of Copy 2 carefully. It’s important to understand the implications of assigning your insurance.
- Move to Part C - Assignment to Individual(s) or Trust(s). Here, you'll provide the names, addresses, relationships, and percentage shares of the assignees. If you are assigning to a trust, ensure to include relevant trust information.
- Finally, in Part E - Receipt by Employing Office or Retirement System, confirm that your employing office will certify receipt of your assignment. Keep a copy of the completed form for your records.
Complete your assignment of insurance coverage online today to ensure your benefits are properly transferred.
For instance, a policy owner X wants to gift his life insurance policy to another person named Y. Hence X is doing absolute assignment. Here X is the assignor and Y is the assignee. Now all benefits, returns and even the liabilities are in the name of Y.
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