Tag: Federal Employees’ 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
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
5 Frequently Asked Questions About Federal Employee Insurance
Being a federal employee has many perks, including a robust pension scheme and health insurance plan. Here are answers to some of the questions you may have as you begin your federal retirement planning. Will My Premiums Increase When I Retire? No. Retirement won’t raise your premiums. You’ll be paying the same amount every month as you paid while you
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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