Life Insurance


Health & Insurance
The Federal Government established the Federal Employee Life Insurance Program (FEGLI) on August 29, 1954. This is the largest group life insurance program in the world, including more than 4 million employees and federal retirees, as well as many of their family members.

Most employees meet the requirements for Fegli’s scope. Fegli provides group -term life insurance. Thus, it does not build cash value or payment value. It consists of basic life insurance coverage and three options. In most cases, if you are a new federal employee, you are automatically borne by basic life insurance and your payroll office reduces the premium of your salary unless you release coverage. Besides the basis, there are three forms of optional insurance that you can choose. You must have basic insurance to choose one of the options. Unlike basic, registration in optional insurance is not automatic – you must take action to select the option.

Basic insurance costs are divided between you and the government. You pay 2/3 of the total cost and the government pays 1/3.

Your age does not affect the cost of basic insurance. You pay the full fee of optional insurance, and the cost depends on your age.

Life Insurance Office Federal Employee Group (OFEGLI), which is a private entity that has a contract with a federal government, processes and pays claims based on the Fegli program.

Fegli Calculator
The fegli calculator allows you to determine the nominal value of various combinations of fegli scope; Calculate premiums for various combinations of scope; See how to choose various options can change the amount of life insurance and cutting premiums; And see how life insurance brought to retirement will change over time.

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