Get the free sf 2817 2011-2023 form

The options you may elect for Basic are: Group Term Life Coverage, Individual Term Life, Comprehensive Term Life, or Life Insurance Premium and Casualty. . You will remain eligible for Basic until you have received your first benefit under Basic Life or you elect to withdraw from this contract and re-enter the FELL. See How Do I Cancel? The FELL is a self-insured retirement plan. Withdrawals must be made in accordance with the terms and conditions of your withdrawal. . You may not roll over your accumulated account balance or receive any payment from the FELL. . The Basic coverage limits and exclusions in this contract, and the maximum of the limits listed in Chapter 5, Section 1, and the total and minimum benefits payable from your Basic coverage will continue to apply to you after you retire with Basic Life or you elect to terminate this contract, as set out below under “Surviving Spouse's and Children's Benefits.” If you terminate this contract, you will be returned to your prior Basic coverage. . If you do not continue to have coverage under this contract, you may be released from FELL without penalty by submitting a new retirement benefit application by January 1 of the year following your retirement. See Chapter 4, Section 5, for how to complete this application. . FELL reserves the right to change the Basic coverage limits or exclusions in this contract at any time with or without notice to you. . You may also want to check out the Retirement Benefits Guide (PDF — 547 KB) for more detailed information about how to file for retiree benefits and the retirement life insurance benefits you might be entitled to upon retirement. . If you want to cancel this contract, complete a letter (see attached form) with your name, address, and date of birth, and attach it along with a copy of your last paycheck or bank statement. To cancel the contract, send your cancellation application letter to: FELLOWSHIP OMB # 3 ETCI. P.O. Box 557 Atlanta, Georgia 30350 Fax:. If you are eligible and elect to waive all coverage or are ineligible, you can:. Take an eligible lump sum. . Make one lump sum advance payment to eliminate the annual premium. . Make one lump sum refundable advance payment to satisfy your Basic coverage premium. (For example, if you are paying 450 per month on a premium of 500, you can make up to three payments of 250 each.

I'm Kelly Monroe founder of project p2r federal benefits made simple there's an open season for FELL in September 2016 FELL or federal employees group life insurance provides life insurance coverage for eligible employees and their eligible dependents as well as retirees under certain circumstances eligible employees can apply to increase their FELL coverage without any medical questions or exams one of those is during an open season for life insurance these are incredibly rare and do have some restrictions this is 2016 FELL open season explained by project p2r and at the end of this video there's an important announcement for FEES employees from September first through the 30th eligible employees and their dependents can enroll or increase their FELL coverage again without any medical questions or exams however this is not available to retirees this can be a great opportunity to increase your life insurance especially if you have a medical condition that would prevent you from passing a medical exam to increase your coverage FELL offers four types of coverage basic which is one times your salary rounded up to the nearest a thousand plus two thousand dollars option a flat ten thousand dollars of coverage option B is 125 times your salary an option C is spousal independent coverage of one to five multiples for your spouse it's a five-thousand-dollar / multiple with a twenty-five-thousand-dollar max benefit for eligible dependents its twenty-five hundred dollars per multiple with a maximum benefit of 12,500 so how do you know how much life insurance you currently have there's a few ways you can figure this out but in my experience one of the most reliable ways is to look at your most recent sf50 form in your personnel file also called an e 0 PF box 27 will show you your current level of FELL coverage now you may need to ask your HR department about how to access your own personnel file in order to be able to download your sf50 forms now while you're working the FELL share of cost is as follows your basic coverage you'll pay two-thirds of the premium and the federal government pays one-third that's unless you work for the US Postal Service then a hundred percent of your basic premium is paid for by the postal service options a B and C you'll pay the entire premium are you wondering how much it might cost you if you increase your FELL coverage well OPM provides an easy-to-use calculator it's available online, and I've listed the link below for your convenience how do I apply during open season you'll need to complete an SF 2817 form on this form you'll actually be election the FELL coverage you want to have including the coverage you already do have and want to keep this can be a bit tricky to understand at first you'll start by completing section 2 it's pretty simple because it's just about you next in section 3 this is where you'll elect basic even if you already have basic you'll need to elect it on this form you must also have basic in order to...