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Federal Employees Group Life Insurance (F.E.G.L.I.)
Introduction
LEARN MORE
FREE Benefit kit
FERS
CSRS
FEGLI
TSP
FEHB
SSB
Federal Employees Group Life Insurance (F.E.G.L.I.)
What is FEGLI?
The Federal Employees' Group Life Insurance (FEGLI) program was established by the Federal Government in 1954. It is the largest group life insurance program in the world, covering active Federal employees, retirees, and many of their family members.

FEGLI is group term life insurance, meaning it does not build cash values or paid-up insurance values.

Basic Insurance Coverage
Most Federal employees are eligible for the FEGLI program, which includes Basic Life Insurance coverage and three forms of optional coverage. If eligible, you are automatically covered by Basic Insurance when hired, and coverage continues, with premiums deducted from your paycheck, until you waive the coverage. The amount of coverage Basic Insurance provides is equal to your annual basic pay, rounded up to the nearest $1,000, plus an additional $2,000.

The cost of Basic Insurance coverage is shared by You, the Federal employee, and the Federal Government. You pay 2/3 of the total premium cost and the Government pays 1/3. Your age does not affect the Basic premium cost, but new premium rates are set periodically.

Extra Benefit coverage is automatically included for Federal employees age 35 and younger, at no additional cost. The Extra Benefit doubles the amount of Basic insurance coverage through age 35.

Starting on your 36th birthday Extra Benefit coverage decreases by 10% annually until you reach age 45, when it terminates entirely, leaving only your Basic Insurance amount.

​Additional Coverage Options
  • Option A - Standard: offers an additional $10,000 of coverage. You pay 100% of the premium, which increases as you age (5-year age groups). Option A can be continued into retirement.
  • Option B - Additional: offers additional coverage in an amount equal to 1, 2, 3, 4, or 5 times your basic pay, rounded up to the next $1,000. You pay 100% of the premium, which increases as you age (5-year age groups). Option B can be continued into retirement.
  • Option C - Family: provides life insurance coverage for your spouse and eligible dependent children. If you elect Option C, all eligible family members are automatically covered. Coverage starts at $5,000 for your spouse and $2,500 for each eligible dependent child. These amounts can be increased by up to 5 multiples (eg, spouse coverage: 1- $5,000; 2- $10,000, up to 3- $25,000). You pay 100% of the premium, which increases as you age (5-year age groups). Option C can be continued into retirement.

For complete details, visit www.opm.gov
  • Option A 2016 Rates
  • Option B 2016 Rates
  • Option C 2016 Rates
  • ONLINE CALCULATOR
BELOW WE PROVIDE A DEEPER UNDERSTANDING

The Federal Employees’ Group Life Insurance, or FEGLI, is the largest group life insurance program in the world. If you are a new federal employee, you are automatically covered by basic life insurance.
For basic coverage, your age does not affect the cost of insurance, and you share the cost with the government: You pay two-thirds of the total cost while the government pays one-third.

If you add any of the three forms of optional insurance, you pay the full cost and your age does determine the cost. The Office of Personnel Management goes into detail about each option available to you, and also includes a table to help you determine how much FEGLI will cost based on your age.

Basic Coverage
  • Basic coverage is pretty straightforward – it is equal to your base pay (rounded up) plus $2,000.
  • For example, if you make $42,400/year, your basic coverage would be $45,000. 
  • Explanation: Base Pay = $42,400 Base Pay rounded up = $43,000 $43,000 + $2,000 = $45,000

Optional Coverage
In addition to the Basic, there are three forms of Optional insurance 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.

Option A
Option A is the simplest form of optional life insurance. It provides your beneficiaries with a $10,000 death benefit in the event of your death.

Option B

Option B allows you to choose 1, 2, 3, 4, or 5 multiples of your base pay (rounded up). For example, if you make $50,000/year and elect to have 5 times your base pay, your Option B life insurance will pay $250,000 upon your death. The cost of Option B increases with your age.

​
Option C
Option C is for families, providing coverage for your spouse and eligible dependent children. Under Option C, all of your eligible family members are automatically covered. The coverage amount is determined in units – each unit represents $5,000 for your spouse and $2,500 for each dependent child. For example, if you elect 3 units and your spouse dies, you would receive $15,000 (3 x $5,000). If one of your eligible dependent children dies, you would receive $7,500 (3 x $2,500). The number of multiples you elect applies to all of your eligible family members. In other words, you cannot elect 2 units for your spouse and 3 units for your children. Furthermore, a child’s eligibility for Option C benefits ends once he/she reaches age 22, unless he/she is incapable of self-support because of a mental or physical disability that existed before the child reached age 22.

How can we help?
Not exactly what you had in mind for life insurance? Us neither.  Sometimes, FEGLI is not your most cost effective option for life insurance. Sometimes, it’s smarter to cancel your FEGLI and try an alternative insurance plan, one that has fixed benefits and fixed premiums. The cost of your FEGLI goes up every five years—and that’s something probably no one has told you.

Sure it’s relatively inexpensive as a younger employee. But as you age, paying for federal life insurance can cut into your bottom line, and into your ability to save for a distinguished retirement. The years when you need FEGLI the most, it can become prohibitively expensive. We can provide leads to commercial alternatives for you. We will analyze your pay and your current FEGLI benefits, and in short time, we will know what direction to lead you.


GET STARTED TODAY!!!
REQUEST a Federal Benefits Kit (FREE)
Federal Employee Benefit Planners LLC, ​and Birdseye Financial INC, and the website contents are not affiliated nor owned by any U.S. government agency or affiliate.  The information provided on www.federalbenefitsnow.com and www.birdseyefinancial is for informational purposes only and is not intended to be a source of advice or credit analysis with respect to the material presented. The information and/or documents contained on this website do not constitute legal or financial advice and should never be used without first consulting with an insurance and/or a financial professional to determine what may be best for your individual needs. Federal Employee Benefit Planners LLC, Birdseye Financial, the publisher and the author of this website do not make any guarantee or other promise as to any results that may be obtained through the information and services offered.  You should never make any investment decision without first consulting with your own financial advisor and conducting your own research and due diligence. To the maximum extent permitted by law, the publisher and the author disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations contained in this book prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.  Although the author and publisher have made every effort to ensure that the information found on this website are correct at press time, the author and publisher do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause. Content contained or made available through this website do not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. The publisher and the author are providing the website and its contents on an “as is” basis. Your use of the information on this website is at your own risk.
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Birdseye Financial Services
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136 Hillside Drive E
Burleson, TX 76028

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Main # 360-722-7889
Texas # 817-717-1487
Fax #425-412-6865

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CLICK TO READ OUR FULL DISCLOSURE
The information contained herein: (1) is proprietary to Birdseye Financial Group and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Any information herein about providers, speakers, and services does not constitute a recommendation or endorsement. This material is not to be distributed without the express written consent of Birdseye Financial. Regarding your financial situation, you should consult with a financial professional before acting on specific actions or suggestions given. For legal or tax advice, you should contact your qualified attorney or CPA. Insurance and tax planning services are offered through Birdseye Financial. Investing involves risk, including the potential loss of principal. No market investment strategy can guarantee a profit or protect against loss during declining values. ​Fiduciary Investment Advisory Services are offered through Simplicity Asset Management, an SEC-Registered Investment Advisor. Registration does not denote any level of skill or qualification.

MEDICARE MANDATORY DISCLAIMER
“We may not offer every plan available in your area. ​Please get in touch with Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all your options.” All calls regarding Medicare may be recorded by phone or online and a SCOPE of appointment required by Medicare will be obtained 48 hours before any sales meeting to discuss plan details. (NOTE - The organizations and plans can vary by state and county, we can validate these numbers upon request.)

State Licenses
LICENSES: AZ #7101306, CA #4140429, FL #W825259, GA #3621424, ID #863617, KS #7101306, MA #2176921, NV#3879853, NC #7101306, OK #3001663224, OR #7101306, TX #2695866, WA #190780. Note that in California, our DBA is Birdseye Financial and Insurance Services. The current license status may increase or decrease without being updated on this site. ​If you have any questions, please don't hesitate to ask.

PRIVACY POLICY       OPT-IN PROCESS
  • Home
  • About
    • Who We Are >
      • Explore More
    • Corbin Lindsey, Advisor
    • Our Reviews
    • Get Started
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • Sequence of Returns
    • Volatility Buffer >
      • Volatility Buffer Webinar
    • Tax Strategies >
      • Tax Free Income
      • RMD Calculator
      • IRA RMD RULES
      • ROTH IRA
      • ROTH Conversion
      • Tax Declassified Webinar
      • Qualified Charitable Donation
      • Business Tax Credit
    • Inflation Impact
    • Educational Videos >
      • Documentaries
      • Educational Webinars >
        • Taxes Declassified
        • Top 10 IRA Mistakes
        • Taxes in Retirement
        • 3 Economic Strategies
        • Five Key Areas of Retirement
    • Recommendations >
      • ROTH Conversions
      • Volatility Buffer
      • Tax-Free Income
      • Wealth Transfer
    • Premium Finance
  • Planning
    • Retirement Analysis >
      • RA Sample
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis and Investments
    • LifePro Asset Management >
      • Questionnaire
    • Estate Planning
    • Federal Benefits >
      • Federal Benefit Kit
    • WA Retirement Systems
    • Boeing Retirement >
      • Boeing Webinar
      • Boeing Download
      • Boeing Calendar
      • Boeing Retirement
    • Business Planning >
      • Tax Free Multiplier
      • Business Tax Credit >
        • Resources
      • Employee Retention Tax Credit
      • Research & Development Tax Credit
  • Insurance
    • Annuities >
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      • Annuity Reviews
    • Medicare >
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      • Medicare Plan Compare
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      • PEBB Benefits >
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      • Medicare A&B
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    • Life Insurance >
      • Multi-Generational
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  • Tools
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      • Dead Doctors Don't Lie
    • Bankrate Interest Rates
    • Rate of Return Calculations
    • Zillow Home Value
    • Credit Info
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    • Retirement Analysis (initial)
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    • Phone App
    • Rate our Service
    • Refer a Friend