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FEGLI Alternatives for Federal/Government Employees

Federal Advantage Benefit Company offers affordable and potentially money-saving alternatives to FEGLI options, giving federal/government employees more choices and greater flexibility for coverage and budget needs.

Life Insurance in the FEGLI program is term insurance that goes up in price as federal/government employees grow older.

In fact, for FEGLI Option B coverage, a federal employee:

• Will pay $.073 per month for each $1000 of life insurance at age 45.
• Will pay $1.343 per month for the same coverage at age 65.
• That’s more than 7 ½ times the cost for the same amount of insurance!

Example: 45 year-old earning $50K a year electing 5 times coverage:

AGE RANGE	MONTLY COST
45-49	$43.25
50-54	$70.50
55-59	$124.50
60-64	$281.75
65-69	$335.75
70-75	$617.50

FABC offers affordable and money-saving alternatives to FEGLI options. Our plans have level premiums, so planning is never a surprise.

FEGLI premium rates are based upon age only, with no distinction for gender or tobacco use. As employees grow older, the cost per $1,000 of coverage increases.

Federal employees who decide to purchase individual life insurance often elect to have premium payments deducted directly from their paycheck. This “Government Allotment” process is simple and ensures that premium payments will not be inadvertently overlooked, allowing the desired coverage to stay in force. This option is available to clients of FABC.

For a free quote and to find out how much you can save please fill out the form on the right or give us a call today.