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.
At any point in your career, you may ask yourself why you should take advantage of federal life insurance options. In short, life insurance can help your loved ones recover financially if you die unexpectedly. For example, FEGLI can help cover burdensome funeral costs and help your loved ones stay afloat in the case of the catastrophic loss of your income. For a relatively low cost per pay period, you may be able to provide peace of mind to loved ones after you pass. Please view the information below to review your life insurance options.
Increasing Life Insurance:
Employees can increase their life insurance coverage under three conditions: