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Who is my fegli beneficiary Form: What You Should Know

OCCIDENTAL DEPOSIT. Do you own or possess the property covered by the OCCIDENTAL DEPOSIT? Yes No 2. DEVELOPING COUNTRY. Do you know if the deposit was originated in America or overseas and where such property now resides? Yes No 3. DO YOU HAVE POSSESSIVE RIGHT TO ACCENTURE, ETC.? Yes No 4. Are you willing and able to assume possession of the property, as soon as practicable? Yes No 5. Are you a U.S. Citizen (or eligible non-citizen, etc.): 6? Have you ever been an officer, director or shareholder of an issuer of U.S. Government life insurance on U.S. Life Insurance: Yes or No? 7. Do you have any outstanding U.S. Life Insurance? Yes or No? 8. Have you ever served as an underwriter under the Federal Employees' Group Life Insurance (UFG) program? Yes or No? 9. Has there ever been any dispute as to the disposition of the U.S. Government life insurance you have received? Yes No 10. Do you hold a U.S. government life insurance policy issued as of August 21, 1998 (or August 22, 1998, if later)? Yes or No in order to proceed on the preceding questions No No 11. Do you not possess a U.S. Government life insurance policy? If yes, were you formerly covered by one that was revoked, surrendered or cancelled? If no, were you formerly covered by an applicable life insurance policy issued by the U.S. Government prior to August 21, 1998, or August 22, 1998? Yes or No 12. Have you ever filed a Form 1098 with the IRS for the purpose of determining whether U.S. life insurance benefits are paid to the original owner from the U.S. Treasury or other source: Yes or No? 13. Are you or were you previously the beneficiary of such a Form 1098 or other U.S. Government tax return?: Yes or No? 14. As a participant in FELL, have you ever paid dividends to any person? Yes or No (not applicable by statute) The beneficiary's signature is needed to submit for signature at this time. Signature is not necessary on Form 1-A. Please print each signature for each beneficiary and date of birth, if any. Acknowledgement of Receipt. (signed by both beneficiary and beneficiary's representative) Date.

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Hello folks and welcome back to federal employee benefit advisors Facebook page previous segment we talked about option B federal employer life insurance FEGLI option B which is multiples of the salary and today we're going to get into the another part of federal put your life insurance another option and that is the basic also known as regular now if you're a postal employee you don't pay for basic unless you retire prior to age 65 if you retire prior to age 65 then you are going to pay for basic or regular if you choose to keep it and now keep in mind that basic life insurance is just like option B it's designed to go away it's not permanent life insurance now the reasons the reason that basic is going to what go away is because whenever you make an election when you retire you're going to elect a seventy five a fifty four a zero percent reduction in the death benefit all right now so you could lose 75 percent or you can lose 50 percent again FEGLI is designed to go away now if you choose the % option which in most case you're not going to want to do that it becomes unaffordable that's why we say it's designed to build away but you make that election whenever you completed your retirement paperwork if you decide to keep basically regular now for those non postal federal employees that you are going to pay for basic life insurance and it's a 15 cents per value so in calculating that we need to take the salary in this case we have an example of a federal employee making seventy five thousand four hundred and thirty-two dollars a year well the first thing we do is we...

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