Federal Employees
Group Life Insurance
How the Plan Works
Life Insurance Means Peace
of Mind
for You and Your Family
Almost everyone needs life insurance. The amount
is for you to decide. Through the Federal Employees' Group
Life Insurance (FEGLI) Program, you have several choices in
selecting the level of life insurance that's right for you.
FEGLI offers:
Basic — equal to your salary rounded up
to the nearest thousand, plus two thousand dollars,
Plus three types of optional insurance:
Option A — Standard, in the amount of $10,000.
Option B — Additional, in an amount from
one to five times your annual basic pay.
Option C — Family, one to five multiples
of coverage for your spouse and eligible children. Each multiple
is equal to $5,000 for the death of your spouse and $2,500
for the death of each eligible child.
Some important points to keep in mind are the
following:
- If eligible, you are automatically
enrolled in Basic, unless you waive it
- You must take action to elect Optional
insurance
- The FEGLI Program offers low group
rates and convenient payroll deductions
- The government pays one-third of the
cost of your Basic life insurance. You pay 100% of the cost
of Optional insurance
- FEGLI is group term insurance. It does
not have any cash or paid-up value. You cannot get a loan
by borrowing from this insurance
- The amount of life insurance one needs
varies by individual. Some general guidelines to help you
calculate your needs can be found on Choosing
the Right Amount Of Life Insurance
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