If you are a CURRENT employee, you can cancel or reduce your FEGLI life insurance at any time by submitting this form (https://www.opm.gov/forms/pdf_fill/sf2817.pdf) to your human resources office.
If you want to reduce life insurance, sign only for the coverage you want to KEEP.
If you want to cancel all life insurance, sign in Box 5.
Exception: if you have assigned your life insurance by transferring ownership to another person or to a company, then you cannot cancel or reduce your Basic, Option A, or Option B coverage.
--------------------
If you are a retiree, you can cancel or reduce your FEGLI life insurance at any time. There is no form; you must mail a signed letter to OPM's Retirement Office at:
U.S. Office of Personnel Management
Retirement Operations Center
P.O. Box 45
Boyers, PA 16017-0045
The cancellation or reduction must be in writing and have an original signature by the insured retiree. Be sure to include your retirement claim number (CSA) or Social Security Number (SSN) and specify what action you want taken. Please note that you cannot increase your coverage after retirement or reinstate coverage that you cancel.