For various reasons, you might choose to assign—that is, transfer ownership of—Federal Employees Group Life Insurance coverage.
After making an assignment, you still have the right to:

* Continue Option C coverage, if you have it
* Elect more insurance (during an open enrollment period, by furnishing proof of insurability, or with a life event) Note: All of the new insurance – except Option C – comes under the existing assignment
* Elect a post-65 reduction at retirement for Basic insurance (however, if you elect other than 75 percent Reduction, you cannot later change to 75 percent Reduction)
* Elect a post-65 reduction at retirement for Options B and C (however, if you elect No Reduction for Option B, you cannot later change to Full Reduction)

However, after making an assignment, you cannot:

* Revoke that assignment
* Cancel or reduce insurance
* Designate a beneficiary
* Convert to a private policy when FEGLI terminates
* Elect a living benefit
* Change your post-65 reduction election for Basic insurance
* Make another assignment (unless your insurance has been reassigned back to you)
* Change your post-65 reduction election for Option B from No Reduction to Full Reduction

After you assign your insurance, the assignee has the right to:

* Cancel or reduce insurance
* Change a post-65 reduction election for Basic insurance to 75 percent Reduction (unless you had previously elected a partial living benefit)
* Designate and change beneficiaries
* Convert to a private policy when FEGLI terminates
* Reassign the insurance
* Change your post-65 reduction election for Option B from No Reduction to Full Reduction

An assignee cannot:
* Increase the amount of insurance
* Elect a living benefit
* Make the original post-65 reduction elections
* Take any action regarding your Option C coverage, if you have it

Change your post-65 reduction election for Option B from Full Reduction to No Reduction