FEGLI

The Federal Employees' Group Life Insurance (FEGLI) program provides group term life insurance. In most cases, employees are automatically covered by the Basic part of the life insurance program. In addition to the Basic coverage, there are three other Optional insurance programs employees can elect. You must have the Basic insurance in order to elect any of the three other options.

Basic Insurance

Basic provides term life insurance at group rates. Most federal employees, including part-time employees, are eligible to enroll. Basic life insurance coverage is effective on the first day you enter in a pay and duty status. As an eligible employee, you are automatically enrolled in Basic insurance, unless you waive this coverage. Your Basic Insurance Amount (BIA) is based on your annual basic rate of pay, rounded up to the nearest $1,000, plus $2,000. For example: If your basic rate of pay were $50,501, the amount of your term life insurance coverage would be $53,000 ($50,501 rounded up the nearest $1,000 equals $51,000 plus $2,000 gives you $53,000 of life insurance coverage). 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. If you have Basic insurance, you may also elect Optional insurance.

There are three types of Optional insurance: Option A (standard optional insurance), Option B (additional optional insurance), and Option C (family optional insurance). There is no Government contribution towards the cost of any Optional insurance. You pay the full cost of Optional insurance and the cost of Optional insurance depends on your age.

Option A-Standard

You may elect Option A-Standard Life Insurance in the amount of $10,000. The cost depends on your age and ranges from $ 0.65 cents to $13.00 per month.

Option B-Additional

You may elect Option B-Additional life insurance in the amount equal to one, two, three, four, or five times you annual basic pay (after your pay has been rounded to the next higher thousand). It does not include the extra $2,000 added for your Basic Insurance Amount.

Option C (Family Optional Insurance)

You may elect to provide 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 one, two, three, four, or five multiples of coverage. Each multiple is equal to $5,000 for your spouse and $2,500 for each of your eligible dependent children. For example, if you elect four multiples and you spouse dies, you would receive $20,000 (4 x $5,000). If one of your eligible dependent children dies, you would receive $10,000 (4 x $2,500). Note that you cannot elect a number of multiples for your spouse that is different from the number of multiples for your eligible dependent children. Eligible dependent children include your natural children, adopted children, stepchildren (if they live with you in a parent-child relationship), recognized natural children, and foster children (if they live with you in a regular parent-child relationship). Stillborn children are not covered. A child's eligibility for Option C benefits ends once he/she reaches the age of 22, unless he/she is incapable of self-support because of a mental or a physical disability that existed before the child reached the age of 22.