Please Take Care of Your Family Members: Update Designated Beneficiary Forms

[@Lizard329]

What if you retire, and have selected survivor benefits and then your spouse dies. Do they stop taking that extra money or are we locked in to that decision?

[@debbiehatch8016]

Thanks for asking. Once the retiree submits a death certificate, OPM stops charging for the survivor benefit.

[@Lizard329]

@@debbiehatch8016 Thank you!

[@studimeglio7110]

Can you do a session on the life insurance. Going to retire this December. I have a whole life policy in the amount of 50,000. Should I also take it with the USPS (fegli) but don’t know too much about it. Is it only term life? Thanks

[@debbiehatch8016]

Thank you so much for the input Stu. I'll definitely talk about FEGLI again. Here's a link to the last video I did about it. kzbin.info/www/bejne/d2bVaJ6vnqiIr7s Yes, FEGLI provides term life insurance at group rates. Benefits are paid if you or a family member die or if you become dismembered while insured. I'm happy to answer any specific questions you might have - either here or via email: [e-mail]

[@studimeglio7110]

@@debbiehatch8016 Thank you. I appreciate it.

[@debbiehatch8016]

www.opm.gov/forms/standard-forms/

[@debbiehatch8016]

www.opm.gov/retirement-services/fers-information/survivors/

[@debbiehatch8016]

www.ssa.gov/benefits/survivors/ifyou.html