Federal Employee Group Life Insurance for Federal And Postal Employees

Fed Benefits

What Most People Don't Realize About FEGLI

The reason federal employees do not think much about their FEGLI coverage is because it is taken out of their paycheck usually from day one of employment. If you are young, it makes sense that you would not notice $5-$8 a paycheck. When you are young, FEGLI offers substantial coverage for very affordable bi-weekly premiums. Through coverage "B" you can take up to five times your base salary and brings most people between $250,000 to $350,000 of insurance.

How Federal Employees Save Money

The problems arise later in your career with the federal government. That same insurance that costs you $5-$8 a pay period can cost you as much as $171/pay period between 55 and 60 years of age.

Most people by that time are having to live on a retirement check and end up dropping the coverage. The most unfortunate aspect of this situation is the employee, if they were hired on at age 35, has given the government over $31,000 in premiums throughout their career and when they drop the coverage in later years they have nothing to show for it.

This is one of many examples of how federal employees are saving money on high FEGLI Premiums.

Call Gene Kent Now to Find Out How Much You Can Save(800) 650 5368

Fed Benefits

Rate Comparison

(Annual Premiums Listed)

Current Age: 40
Years Till Retirement: 25
Age at Retirement: 65
Sex: Male
FEGLI Coverage: $250,000.00

Age FEGLI 30-year term
40 $325.00 $700.00
41 $325.00 $700.00
42 $325.00 $700.00
43 $325.00 $700.00
44 $325.00 $700.00
Sub-Total $1,625.00 $3,500.00
45 $520.00 $700.00
46 $520.00 $700.00
47 $520.00 $700.00
48 $520.00 $700.00
49 $520.00 $700.00
Sub-Total $4,225.00 $7,000.00
50 $845.00 $700.00
51 $845.00 $700.00
52 $845.00 $700.00
53 $845.00 $700.00
54 $845.00 $700.00
Sub-Total $8,450.00 $10,500.00
55 $1,495.00 $700.00
56 $1,495.00 $700.00
57 $1,495.00 $700.00
58 $1,495.00 $700.00
59 $1,495.00 $700.00
Sub-Total $15,925.00 $14,000.00
60 $3,380.00 $700.00
61 $3,380.00 $700.00
62 $3,380.00 $700.00
63 $3,380.00 $700.00
64 $3,380.00 $700.00
Sub-Total $32,825.00 $17,500.00
65 $4,030.00 $700.00
66 $4,030.00 $700.00
67 $4,030.00 $700.00
68 $4,030.00 $700.00
69 $4,030.00 $700.00
Sub-Total $52,975.00 $21,000.00
Total $52,975.00 $21,000.00

Listed below is the represented savings. The savings are an estimate only.

Savings

61%