FEGLI Alternatives is here to give you competitive options for Life Insurance you qualify for.  Take a moment to compare plans available through FEGLI and what we can offer you through FEGLI Alternatives. 

The Federal Government established the Federal Employees' Group Life Insurance (FEGLI) Program on August 29, 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 rates increase every 5 years. What may seem inexpensive today may be unaffordable when you need it most.  Save up to 75% with our Alternative to FEGLI and Option B. Our premiums are guaranteed not to increase for 10, 20 or 30 years!

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.

The cost of Basic insurance is shared 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 cost of Optional insurance, and the cost depends on your age.

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.

Questions you should ask about FEGLI...

1. Is FEGLI alone adequate to meet all of my life insurance needs …or should I consider supplementing it with commercial insurance?
2. What FEGLI options meet my insurance needs and budget?
3. What happens to my FEGLI when I separate from government service or retire?
4. How does FEGLI or other life insurance fit into my financial plan?
5. How much does my insurance premium increase every 5 years?
6. Are there better "Alternatives" to FEGLI?
   

Basic Coverage

To calculate basic coverage, round your base salary up to the nearest $1000, and add $2000. For employees 45 and older, basic coverage equals this amount. e.g. If your slary is $35,300, your base coverage would be $38,000 ($36,000 plus $2,000) For employees under age 35, basic coverage equals 2 times this amount. Accidental death is included.

Coverage Option "A"

$10,000 Accidental death is included.

Coverage Option "B"

If you have selected "Basic Coverage", you may select Option "B" in multilples of 1-5 times salary. To calculate your amount, simply round your salary to the next highest $1000 and multiply by the desired multiple 1-5. For example, if you make $45,300 and want coverage of 5 times salary, round up to $46,000 and multiply by 5 for a total of $230,000. Accidental death is not included.

While option "B" provides the most coverage, it is also where you need to do your homework. Comparison shopping could save you 50-70% over a 10 year period.

Coverage Option "C"

Option C provides coverage for your spouse and eligible dependent children. When you elect Option C, all of your eligible family members are automatically covered. You may elect either 1, 2, 3, 4 or 5 multiples of coverage. Each multiple is equal to $5,000 for your spouse and $2,500 for each eligible dependent child.