Federal Advantage Benefit Company

Serving Federal Employees, Individuals, Business Owners and Seniors

FEGLI Alternatives for Federal/Government Employees
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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:

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

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.

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