SF 2823. Designation of Beneficiary (Federal Employees' Group Life Insurance)
Form SF 2823 is a Designation of Beneficiary form for Federal Employees' Group Life Insurance (FEGLI). The purpose of this form is to allow federal employees to designate who will receive the life insurance benefits in the event of their death.
The SF 2823 form consists of two pages. The first page requires the employee to provide their personal information, including their name, social security number, and contact information. The second page is where the employee can designate their beneficiaries and the percentage of the benefits they will receive.
The most important fields on the SF 2823 form are the ones where the employee designates their beneficiaries and the percentage of the benefits they will receive. It is important to ensure that the information provided is accurate and up-to-date.
The SF 2823 form is typically compiled when a federal employee first becomes eligible for FEGLI coverage, or when they experience a qualifying life event such as marriage, divorce, or the birth of a child. The parties involved in the SF 2823 form are the federal employee who is designating their beneficiaries and the FEGLI program.
Some features that should be considered when compiling the SF 2823 form include ensuring that the beneficiaries are designated correctly and that the percentages are allocated appropriately. It is also important to keep the form up-to-date in the event of any life changes that could impact the beneficiaries.
The advantage of the SF 2823 form is that it allows federal employees to ensure that their life insurance benefits are distributed according to their wishes in the event of their death. This can provide peace of mind and financial security for their loved ones.
Some related forms to the SF 2823 form include the SF 2817 form, which is used to elect or cancel FEGLI coverage, and the SF 3102 form, which is used to designate beneficiaries for the Federal Employees Retirement System (FERS). There are no alternative forms to the SF 2823 form.
The SF 2823 form is typically submitted to the federal employee's agency or human resources department. The completed form is stored in the employee's personnel file and is updated as needed.