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5010-10 Felt UNITED STATES GOVERNMENT Bates Bisbop Memorandym Callahap Campbell Claveland Coerad : Mr. Callahan K*qp*g TO DATE: July 3, 1972 Jeskins Miller, E.S. Ponder FROM H. N. Bassett. Soyars Walters Tele. Room Mr.Xinloy SUBJECT: JOHN EDGAR HOOVER Mr. Armstrong Ms. Herwig CLYDE A. YrOLSON Federal Employees Group Life Insurance During the morning of Saturday, 7/1/72, Mr. Tolson telephonically contacted SA Hunsinger who was on duty in Mr. Callahan's office inquiring concerning (1) the status of disposition of Mr. Hoover's Federal Employees Group Life Insurance (FEGLI) and (2) the amount of Mr. Tolson's FEGLI attention of FEGLI in New York and Mr. Brewer, who is handling Mr. Hoover's estate for Riggs National Bank, and that we would be glad to determine the status of Mr. Hoover's insurance. Mr. Tolson advised that would be. satisfactory and to please call him Monday morning 7/3/72. After checking, Mr. Tolson was telephonically contacted in the morning on 7/3/72, and advised that the claim form that he has executed for tht FEGLi insurance rests with Riggs National Bank and that the bank will forward the claim to FEGLI in New York when the Probate Court offictally designates Mr. Tolson executor of the estate. The same applies to unpaid compensation and money in Mr. Hoover's retirement account. He was informed that. Mr. Hoover had regular life insurance in the amount of $45, o00. With respect to his own insurance, Mr. Tolson was advised he has regular FEGLI life insurance in the amount of $42, 000, which will reduce by 2% each month beginning July, 1972, until it reaches 25% of the amount in effect before the first reduction, or $10, 500. This amount, $10, 500, will continue cost free to Mr. Tolson for the remainder of his life. Mr. Tolson was appreciative of receiving this information. He stated that he understands from Riggs that he is to be designated executor by the Probate Court sometime this week. RECOMMENDATION: None, this is for information.. -RGH:ccb (6) 1 - Mr. Adams 1 - Mr. Walsh. 1 - Mr. Row