SF 2818. Continuation of Life Insurance Coverage as an Annuitant or Compensationer

SF 2818 is a form used by annuitants or compensationers to continue their life insurance coverage after retirement. Its purpose is to allow individuals to maintain coverage for themselves and their eligible family members at the same level as before retirement.

The form consists of several sections, including personal information, designation of beneficiary, and election of coverage. The most important fields are the selection of the type and amount of coverage, as well as the designation of beneficiary.

This form is compiled by annuitants or compensationers who wish to continue their life insurance coverage after retirement. The parties to the document are the individual applying for coverage and the Office of Personnel Management.

When compiling the form, individuals should carefully review their options for coverage and assess their needs for insurance. It is also important to consider changes in health or family circumstances that may affect coverage needs. The main advantage of this form is that it allows individuals to maintain their life insurance coverage after retirement, providing continued financial protection for themselves and their families.

Potential problems when filling out the form may include errors in personal information or beneficiary designation, as well as confusion regarding coverage options. Related forms include SF 2817 for individuals who wish to increase their life insurance coverage, and SF 2809 for enrollment in the Federal Employees Health Benefits Program.

Once completed, the SF 2818 form is submitted to the Office of Personnel Management. Instances of the form are stored in accordance with federal record-keeping policies.