To amend title 5, United States Code, to provide that payments under the Federal employees' group life insurance program shall be made in a lump sum, unless the insured or the recipient elects otherwise.
Federal Life Insurance Transparency Act - Requires group life insurance and group accidental death insurance payments under the federal employees' group life insurance (FEGLI) program to be made to the life insurance beneficiary in the form of a lump sum payment unless the insured or the beneficiary makes a different election.
Introduced in House
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
Referred to the Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy .
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