Q. I retired from federal service in 1989. At that time, I maintained my Federal Employees’ Group Life Insurance coverage. After all those years, how can I ascertain if I still have it?

A. Assuming you are talking about your basic insurance, unless you elected to maintain a higher level of coverage (for which you’d still be paying), it will have declined in value at a rate of 2 percent per month beginning at age 65 until it reached 25 percent of its face value on the day you retired. It will stay at that level until you pass on, at which time the money will be paid out to the beneficiary or beneficiaries you designated.


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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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