SF 2817. Life Insurance Election (Federal Employees)

SF 2817 is a form used by Federal employees to elect life insurance coverage. It consists of three parts:

• Part 1 - Employee Information: This section requires the employee's personal information, such as name, date of birth, and social security number.
• Part 2 - Life Insurance Election: Employees must choose the type and amount of life insurance coverage they wish to elect. This section includes important fields such as the type of insurance, the amount of coverage, and any designations or beneficiaries.
• Part 3 - Witness and Certification: This section must be filled out by a witness who confirms that the employee completed the form voluntarily and with knowledge of the consequences.

The purpose of this form is to allow Federal employees to elect life insurance coverage and designate beneficiaries in the event of their death. This form is typically completed when a new employee is hired, during open enrollment or when the employee experiences a qualifying life event such as marriage or the birth of a child.

The parties involved in this document are the Federal employee and the designated beneficiaries. When completing this form, employees should consider the amount of coverage they need, the types of insurance options available, and the impact of life changes such as marriage or birth of a child on their insurance needs.

The advantages of this form are that it allows employees to elect life insurance coverage and designate beneficiaries, which can provide financial protection for their loved ones. The potential problems with filling out this form include incorrect or incomplete information, failure to designate appropriate beneficiaries or failure to update the form after a life event.

Related forms to SF 2817 include the SF 2818, which is used to continue life insurance coverage after retirement, and the SF 2823, which is used to designate beneficiaries for unpaid compensation after an employee's death. Alternative forms may include private life insurance policies that employees can purchase outside of the Federal system.

Completed forms are submitted to the employee's agency and stored in their personnel file.