You may reduce or cancel your FEGLI coverage at any time by completing the Life Insurance Election Form, SF 2817, and submitting it to your Benefits Contact. If you want to reduce life insurance, sign only for the coverage you want to keep. You cannot elect coverage that you don’t already have. If you want to cancel all life insurance coverage, sign in Box 5. (Exception: If you have assigned your life insurance by transferring ownership to another person or to a company, then you cannot cancel or reduce your Basic, Option A, or Option B coverage.)
To calculate the bi-weekly cost for your FEGLI coverage use the FEGLI calculator.
There are only certain opportunities in which you may enroll in the FEGLI Program or increase your coverage. The opportunities are:
- There must be a FEGLI Open Season, which is very rare; or
- You must experience a Qualifying Life Event; or
- You may take a physical exam to request coverage if it has been at least 1 year since you waived coverage.
Questions may be directed to your Benefits Contact or AskBenefits@nih.gov.