Order of precedence and payment of benefits.

CFR · 2024-01-01 · US · Title 5

(a) Except as provided in paragraph (d) of this section and § 870.802(g)(2), benefits are paid according to the order of precedence stated in 5 U.S.C. 8705(a), as follows: (1) To the designated beneficiary (or beneficiaries); (2) If none, to the widow(er); (3) If none, to the child, or children in equal shares, with the share of any deceased child going to his or her children; (4) If none, to the parents in equal shares or the entire amount to the surviving parent; (5) If none, to the executor or administrator of the estate; (6) If none, to the next of kin according to the laws of the State in which the insured individual legally resided. (b) If an insured individual provides in a valid designation of beneficiary for insurance benefits to be payable to the insured's estate, or to the Executor, Administrator, or other representative of the insured's estate, or if the benefits would otherwise be payable to the duly appointed representative of the insured's estate under the order of precedence specified in 5 U.S.C. 8705(a), payment of the benefits to the duly appointed representative of the insured's estate bars recovery by any other person. (c) Option A and B insurance in force on a person on the date of his/her death is paid, on receipt of a valid claim, in the same order of precedence and under the same conditions as Basic insurance. A designation of beneficiary for Basic insurance is also a designation of beneficiary for Options A and B, unless the insured individual states

official document · source cfr-2024 · id 5:§ 870.801