What is the Federal Employee’s Group Life Insurance (FEGLI)?

FEGLI is the world’s largest group life insurance program, covering over 4 million federal employees and retirees, as well as many of their family members. Generally, FEGLI coverage is automatic unless you choose to decline.

Keep in mind, as with any policy, you should do the math to determine if this or a different type of policy is right for you — especially if you’re in good health.

Let us help you understand your best options for FEGLI coverage and your insurance needs.

What Coverage Does FEGLI Offer?

Basic insurance coverage
- Every eligible employee automatically gets it unless waived.
- It costs $0.32.50/$1,000 per month or $0.15/$1,000 per paycheck.
- Your coverage equals your base pay, rounded up to next $1,000, plus $2,000.
- The minimum amount of coverage you’ll get is $10,000, regardless of salary.
- For example, a $60,000 yearly salary has a basic life death benefit of $63,000.You pay 2/3 of the total cost and the government pays ⅓.

Optional insurance packages (requires basic coverage)
- Option A: Provides an extra $10,000 of coverage with $10,000 AD&D coverage
- Option B: Offers the option to buy up to 5x your annual pay as extra coverage
- Option C: Covers up to $25,000 for your spouse and $12,500 for each eligible child

Your Savings

Let us show you how you might be paying way too much for FEGLI, especially if you’re healthy.

At My Guaranteed Income, we can help you understand your available options. When it comes to federal benefits, one size doesn’t fit all.

Every client is a top priority—from planning to execution to follow-up. We take an in-depth, yet simple, approach to helping you develop a strategy to address your personal goals and financial objectives.

We’re excited to show you how amazing retirement can be!

Schedule a free 15-minute consultation

Schedule a Retirement Strategy Session with Financial Advisor, Jen Trowbridge.