As part of its benefits program, the Board offers term life insurance coverages, which provide financial protection for you and your family. As a Board employee, you are eligible to elect life insurance coverage in one or both of the following plans:

• Board Employees' Group Life Insurance (BEGLI) Plan
• Federal Employees' Group Life Insurance (FEGLI) Plan.

  This section contains a detailed description
  of the FEGLI Plan.

The Federal Government established the Federal Employees' Group Life Insurance (FEGLI) Program on August 28, 1954. It is the largest group life insurance program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members.

FEGLI provides group term life insurance. As such, it does not build up any cash value or paid-up value. It consists of Basic life insurance coverage and three options. In most cases, if you are a new Federal employee, you are automatically covered by Basic life insurance and your payroll office deducts premiums from your paycheck unless you waive the coverage. In addition to the Basic, there are three forms of Optional insurance that you can elect. You must have Basic insurance in order to elect any of the options. Unlike Basic, enrollment in Optional insurance is not automatic — you must take action to elect the options. See Choosing the Right Amount Of Life Insurance

The cost of Basic insurance is shared between you and the Government. You pay two-thirds of the total cost and the Government pays one-third. Your age does not affect the cost of Basic insurance. You pay the full cost of Optional insurance, and the cost depends on your age.

Use the FEGLI Calculator to

• Determine the face value of your FEGLI life insurance
• Calculate how much you are paying for this coverage, and see how choosing different Options can change the amount of your life insurance and your premium withholdings
• See how the life insurance carried into retirement will change over time.

Click here for a complete printable FEGLI guide.

The Office of Federal Employees' Group Life Insurance (OFEGLI), which is a private entity that has a contract with the federal government, processes and pays claims under the FEGLI Program.

Extensive additional information is available on the Your FEGLI Coverage website.