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How To Apply For A Living Benefit

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 death benefit of the basic coverage so you receive money now. You can't accelerate 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.


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