GROUP LIFE INSURANCE FOR FEDERAL CIVILIAN EMPLOYEES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP68-00140R000200200015-2
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 9, 2016
• Document Release Date: June 13, 2001
• Sequence Number: 15
• Publication Date: August 17, 1954
• Content Type: REPORT

Approved For Release 2001108/09 : CIA-Rp6 92 H0oR0002b`b2OO015-2
Gromp
Life
Insurance
for
Federal
Civilian
Employees
TO FEDERAL CIVILIAN
EMPLOYEES:
As a result of favorable action by
Congress, we are now able to provide
the benefits of low-cost group life
insurance to Federal employees. The
proposal to provide this protection to
employees through private insurance
companies, with Government assuming a
portion of the cost, was developed as
a part of the program of this Adminis-
tration to improve the Government's
personnel system.
I urge all eligible employees to
give serious consideration to this
worthwhile program which will help
provide economic security for their
families.
,,~, zt4z,- x"',
U. S. CIVIL SERVICE COMMISSION ? WASHINGTON 25, D. C.
Approved For Release 2001/08/09 : CIA-RDP68-0014OR000200200015-2
 Approved For Release 2001/08/09 : CIA-RDP68-0014OR000200200015-2
The Plan at a Glance
WHAT ARE THE BENEFITS?
Life insurance at low cost withqut requiring a medical
examination.
Payment of double indemnity for accidental death.
Payment for accidental loss of one or more limbs or eyesight
(dismemberment).
Life insurance after retirement at no cost to you.
Free insurance if you are 65 years of age or older.
AM I ELIGIBLE?
Yes, unless you (1) are a noncitizen employed overseas, or (2)
fall within the small group of employees excluded because of
the nature and type of employment, such as part time, seasonal
or intermittent employment.
WHO PAYS FOR THE INSURANCE?
You pay 25 cents per $1,000 of insurance each biweekly pay
period by payroll deduction until you reach age 65. If you are
paid on other than a biweekly basis, the cost is proportionate.
(See page 4.)
The Government helps to pay the cost of this insurance by
contributing half as much as you do.
HOW DO I BECOME INSURED?
If eligible, you will be automatically insured unless you fill out
Standard Form 53 (Waiver of Life Insurance Coverage) which
is available at your personnel office.
The effective date of the coverage for each group of employees
will be as announced.
Approved For Release 2001/08/09 : CIA-RDP68-0014OR000200200015-2
 Approved For Release 2001/08/09 : CIA-RDP68-00140R000200200015-2
FOR HOW MUCH WILL I BE INSURED?
The amount of insurance depends upon your annual basic salary.
(See page 4.)
You may not choose a lesser or greater amount of insurance.
If you are 65 years of age or older, or when you become age 65,
the amount of your insurance will be reduced by 2 percent for
each month you are over 65 until a reduction of 75 percent is
reached. The remaining 25 percent stays in effect.
MUST I NAME A BENEFICIARY?
No. Your life insurance will be payable in the following order:
(i) widow or widower, (2) children, (3) parents, (4) estate,
(5) next of kin. Your personnel office will have the proper
form for you to use if you wish to change this order or name
someone else.
WHAT IF I RETIRE?
Your life insurance is provided without further cost, if you
retire on an immediate annuity either for disability or after at
least 15 years of creditable civilian service. Your double
indemnity and dismemberment protection stops.
WHAT IF I LEAVE GOVERNMENT SERVICE?
Your life insurance continues in effect 31 days during which
you may buy, without a medical examination, an individual life
insurance policy at standard rates.
MAY I CANCEL MY INSURANCE UNDER THIS PLAN?
Yes, at any time.
Approved For Release 2001/08/09 : CIA-RDP68-00140R000200200015-2
I
 ApprovIN-g"Nige. /08`//099: IIAi~RDPP 8-0014OR000200200015-2
If Annual Basic
Amount of Deductions Per Pay Period
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m
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ount of
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monthly Monthly
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A FINAL WORD ABOUT THIS INSURANCE PLAN:
This plan will provide an added measure of family security
low cost. It is, however, term insurance and does not carry
cash surrender or loan Privileges. You should not look upon at
this plan as a substitute for regular individual insura purchased through your own insurance agent. nce policies
This leaflet outlines the principal features of the plan for
general information only. Each insured
a certificate outlinin in em Your
this group insuranceg more detail the benetofits andltermslof
U. 8. GOVERNMENT PRINTING OFFICE; 1984
Approved For Release 2001/08/09 : CIA-RDP68-0014OR000200200015-2