Federal Employee Group Life Insurance
What Are the Insurance Options Available for Federal Employees?
If you work for the federal government, reviewing your federal employee insurance options every year is important. Life insurance is an important component of a benefits package because it can contribute to your family’s financial stability. Here are important points about the Federal Employees’ Group Life Insurance (FEGLI) program. What Insurance Options Are Available for Federal Employees? Federal workers outside
Do Federal Employees Get To Keep Their Life Insurance Plans After Retirement?
Even though federal employees are automatically enrolled in the Federal Employee Group Life Insurance (FEGLI) plan unless they are opt-out, many are confused by it. As the world’s largest group life insurance plan, it has many details and nuances, making it difficult for employees to follow. Today the plan serves over 4 million federal employees and retirees. Here are important
Revisiting Your FEGLI Coverage Options and Costs
Federal employees are automatically enrolled in the Federal Employees’ Group Life Insurance (FEGLI) plan unless they opt out in writing before the end of their first pay period. This type of government insurance was established after the FEGLI Act passed Congress and was signed by President Eisenhower in 1954. Here’s a look at what this coverage involves and what your
A Guide to Designating Your FEGLI Beneficiaries
When you sign up for the federal employees’ group life insurance program or FEGLI, whether you only have the Basic cover or include Options A and B, you must ensure that your plan supports the welfare of your family or other dear ones after you pass away. Designating FEGLI beneficiaries ensures that the benefits go to the intended individuals or
How Federal Employees’ Group Life Insurance (FEGLI) Works: A Quick Overview
Life insurance eliminates financial uncertainty associated with the death of a breadwinner. If you work for the federal government, you should consider getting this financial safety net through Federal Employees’ Group Life Insurance (FEGLI). The program lets you select the right amount of coverage for your needs. Here’s a look at the FEGLI program and how it can benefit you
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