Can a divorce order require me to assign my life insurance benefits to a former spouse?
Yes. An assignment of benefits transfers ownership of Federal Employees Group Life Insurance coverage to the assignee. The individual who makes the assignment no longer has control over the insurance coverage and can no longer designate beneficiaries. Assignments are irrevocable, and apply to three types of FEGLI coverage: Basic, Option A (standard option) and Option B (additional optional) insurance. Assignment may not be used for Option C (family optional) insurance coverage.