Canceling Life Insurance For Opm Retirees: A Step-By-Step Guide

If you're an OPM retiree looking to cancel your life insurance, there are a few things you need to know. Firstly, you can cancel or reduce your Federal Employees' Group Life Insurance (FEGLI) coverage at any time. However, it's important to note that once you've retired, you won't be able to increase your coverage or reinstate a cancelled policy. To cancel your FEGLI life insurance, you'll need to send a signed letter to the OPM Retirement Office, including your retirement claim number or Social Security Number, and specifying the changes you want to make.

Cancelling OPM life insurance requires a signed letter to OPM's Retirement Office

As a retiree, you can cancel or reduce your Federal Employees' Group Life Insurance (FEGLI) coverage at any time. However, you cannot increase your coverage or reinstate a cancelled policy after making changes to your insurance.

To cancel your OPM life insurance, you must send a signed letter to the OPM's Retirement Office. The letter must include:

• Your retirement claim number (CSA) or Social Security Number (SSN)
• The specific changes you want to make to your coverage (Basic, Option A, Option B, and/or Option C)
• Your signature
• Your annuity number (CSA/CSF) or social security number
• Your phone number

The letter should be mailed to the following address:

Office of Personnel Management Retirement Operations Center

P.O. Box 45

Boyers, PA 16017-0045

Please note that any reduction or cancellation of your life insurance coverage after retirement is permanent and cannot be reinstated.

Include your retirement claim number (CSA) or Social Security Number (SSN)

As a retired person, you can cancel or reduce your FEGLI life insurance at any time. However, there is no form to fill out to do this. Instead, you must mail a signed letter to the OPM's Retirement Office at: U.S. Office of Personnel Management Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045.

In your letter, you must include your retirement claim number (CSA) or Social Security Number (SSN). Be sure to specify exactly what coverage you want to cancel or reduce (Basic, Option A, Option B, and/or Option C). You must also include your original signature and understand that you cannot increase or reinstate your coverage after this change is made.

If you are an employee, you can submit an SF 2817 to your human resources office, signing only for the coverage you want to keep. You can also change your beneficiaries at any time by submitting an SF 2823 to your human resources office or to the OPM's Retirement Office if you have retired.

Specify what action you want to be taken

If you are a retiree, you can cancel your Federal Employees' Group Life Insurance (FEGLI) life insurance at any time. To do so, you must mail a signed letter to the OPM's Retirement Office at: U.S. Office of Personnel Management Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045.

In your letter, you must specify what action you want to be taken. Clearly state the reduction or cancellation you want to make, and be sure to include the following:

• Your retirement claim number (CSA) or Social Security Number (SSN).
• Your phone number.
• Exactly what coverage you want to cancel or reduce (Basic, Option A, Option B, and/or Option C).
• Your original signature.
• A statement that you understand you cannot increase or reinstate your coverage after this change is made.

Please note that any reduction or cancellation of coverage after retirement is permanent and cannot be undone.

You cannot increase coverage after retirement

As a retiree, you have the option to cancel or reduce your Federal Employees' Group Life Insurance (FEGLI) coverage at any time. However, it is important to note that you cannot increase your life insurance coverage after retirement. This decision is permanent, and any reduction or cancellation of your coverage cannot be reversed.

If you choose to cancel or decrease your FEGLI coverage, you must submit a signed letter to the U.S. Office of Personnel Management Retirement Operations Center. This letter must include your retirement claim number (CSA) or Social Security Number (SSN) and clearly specify the actions you want to be taken. It is important to remember that you cannot reinstate coverage once it has been cancelled.

While you have the flexibility to cancel or reduce your coverage, increasing your coverage after retirement is not an option. This restriction is in place to maintain consistency and fairness in the life insurance program for retirees. It is important to carefully consider your decision to decrease or cancel your coverage, as you will not have the option to reverse this choice later.

The inability to increase coverage after retirement is a standard condition of the FEGLI program. This condition applies to all retirees who are enrolled in the program. It is designed to balance the needs of individuals during their retirement years while managing the overall risk and cost of providing life insurance coverage for this specific demographic.

In summary, while retirees have the flexibility to cancel or reduce their FEGLI coverage, it is essential to understand that increasing coverage after retirement is not permissible. Any changes to your coverage should be carefully considered, as they will have permanent effects on your life insurance protection during retirement.

Cancelling coverage is permanent

If you are a retiree and want to cancel your Federal Employees' Group Life Insurance (FEGLI) life insurance coverage, you can do so at any time. There is no form to fill out; instead, you must mail a signed letter to the OPM's Retirement Office at: U.S. Office of Personnel Management Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045. Be sure to include your retirement claim number (CSA) or Social Security Number (SSN), your phone number, and specify exactly what coverage you want to cancel or reduce.

Your letter must be hand-signed, and you should also note that you understand that you cannot increase or reinstate your coverage after this change is made. Cancelling or reducing your coverage will permanently change your insurance situation, so it is important to be sure of your decision before taking this step.

Frequently asked questions