TSP beneficiary


Q. Can I designate my adult, nondependent child as a beneficiary for my Thrift Savings Plan lifetime annuity? Would they be considered an “insurable interest”? This would be a perfectly healthy adult child that may or may not be married at any given time.

A. You may name anyone you choose as a beneficiary for your TSP life annuity. There is no insurable interest requirement for beneficiaries.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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