{"data":{"id":"us/5-cfr-870.505","jurisdiction":"us","citation":"5 CFR 870.505","heading":"Optional insurance: Waiver/cancellation of insurance.","body":"(a) An insured individual may cancel entirely any type of Optional insurance, or reduce the number of multiples of his/her Option B insurance, at any time by filing a waiver of Optional insurance coverage. An employee files with the employing office. An annuitant files with OPM or other office that administers his/her retirement system. If still employed, a compensationer files with the employing office, and if not still employed, with OPM. Exception: an individual who has assigned his/her insurance under subpart I of this part cannot cancel Option A or Option B coverage.\n(b) A cancellation of Optional insurance becomes effective, and Optional insurance stops, at the end of the pay period in which the waiver is properly filed. Exception: if Option C is cancelled because there are no eligible family members, the effective date is retroactive to the end of the pay period in which there stopped being any eligible family members.\n(c) A waiver of Optional insurance remains in effect until it is cancelled as provided in § 870.506.","path":["Title 5—Administrative Personnel","CHAPTER I—OFFICE OF PERSONNEL MANAGEMENT","SUBCHAPTER B—CIVIL SERVICE REGULATIONS","PART 870—FEDERAL EMPLOYEES' GROUP LIFE INSURANCE PROGRAM","Subpart E—Coverage"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-5.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:23:53Z","sha256":"346035122459ad893d0fd3fb3734f808050f52b9520e8ff2829749c8caaba01c","source_id":"us-cfr","stale":true,"prev":"us/5-cfr-870.504","next":"us/5-cfr-870.506"},"notice":"GroundRules: Original legal text. Not legal advice."}