Political Quotes

“H.R. 1316 will amend the Federal Employee Group Life Insurance Act and ensure that there is a level playing field between State laws that govern private insurance and Federal statute that provides guidelines for life insurance policies held by Federal employees. This legislation will clarify that a domestic relations order, issued by a court, is considered a designation of beneficiary in the event that no designation of beneficiary has been filed. Currently, if a Federal employee dies without properly naming a beneficiary for their life insurance policy, the law provides a strict prioritized list of individuals that are eligible to receive the benefits of that policy. Unlike most State laws, the Federal Code does not provide for consideration of an existing court decree that may link that policy to a beneficiary as a part of a settlement agreement. There are real instances where this inequity in Federal law is causing confusion for Federal employees who are beneficiaries. This legislation will correct this inconsistency and ensure that a court decree is given appropriate consideration.”