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Life Insurance: Living Benefit: How Apply For

If You Have Federal Employees Group Life Insurance (FEGLI)

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With FEGLI, if you have both basic and additional insurance: you can only accelerate the basic coverage, not any of the additional coverages.

Once a FEGLI policy is accelerated, the remainder cannot be assigned. However, if you convert the entire amount of insurance, then accelerate, you may be able to accelerate a percentage of ALL the insurance – and probably even be able to sell the remainder.

Contact the service representative for information about how to access a living benefit under your life insurance policy and follow the directions.


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