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Life Insurance Program Information

 

FEGLI Premium Overview

FEGLI premium changes have been announced. These changes will be effective the first pay period beginning on or after January 1, 2012

No Open Season is scheduled at this time. We continue to evaluate when to hold an Open Season for employees. When an Open Season is announced OPM will coordinate with agency human resources offices so employees are timely notified. See our FAQs for how to make coverage changes outside an Open Season.

For more information on rate changes effective January 1, 2012:

The FEGLI Basic insurance premium is a level rate per one thousand dollars of coverage. The level premium feature means the enrollee premium rates are equal for the duration of the coverage period. The rate for an individual enrollee does not change as the enrollee ages (although the rate structure for all enrollees is subject to periodic adjustments based on claims experience). This means a younger employee pays the same cost for Basic coverage as a 64-year-old retiree. For example:

AGESame Basic Biweekly Cost
(per $1000 of coverage)
Same Basic Monthly Cost
(per $1000 of coverage)
25-year-old active employee $0.150 $0.3250
64-year-old retiree

This feature balances the premium over time, making the enrollee cost more predictable. The enrollee pays an average cost over the term of their coverage.

As required by law, Basic insurance coverage uses a composite premium structure. This means the Basic premium rate is the same for each enrollee in the group policy, regardless of age or health status. As such, younger employees may pay a comparatively higher premium than they would with coverage based, in part, on age (like Optional insurance) or with a commercial individually underwritten policy. Younger employees are covered by an additional Basic insurance provision called the Extra Benefit, however, which doubles the amount of Basic insurance payable at no extra cost for enrollees age 35 or younger. Beginning on an enrollee's 36th birthday, the Extra Benefit decreases 10% each year until age 45, after which, there is no Extra Benefit. So, for a 40-year-old employee, (i.e., 5 years younger than age 45) the benefit increases 10% for each year under age 45. In this example, the Extra Benefit would increase the Basic Insurance Amount (BIA) of $48,000 by an additional 50%.

EnrolleeBasic Insurance AmountAgeCoverage
Joe $48,000 40 $72,000 ($48,000 + $24,000)
Sara 52 $48,000

Unlike many other employer-sponsored life insurance programs, FEGLI coverage can be continued into retirement. The FEGLI retirement benefit is prefunded by premium costs so that after age 65 (or at retirement, if later) some coverage can be continued by retirees at no cost. The cost of this post-65 benefit is included in the FEGLI Basic level premium. The net effect of the level premium and post-65 benefit is that younger enrollees' premiums cover the cost of coverage they currently have, and also pre-funds a portion of the costs related to coverage they will have later in their careers and in retirement. Since the Government contributes a share of the Basic premium, the employee share remains relatively competitive with the cost of private term insurance.

Premiums for Annuitants

These rates were effective on the first pay period that started on or after January 1, 2012. For earlier rates see our rates history pages.

Cost for each $1,000 of the Basic Insurance Amount in Effect at the Time of your Retirement
 Time75% Reduction50% ReductionNo Reduction
Until the Month after your 65th Birthday $0.325 monthly $0.965 monthly $2.265 monthly
Starting the Month after your 65th Birthday Free $0.64 monthly* $1.94 monthly*

* You will continue to pay premiums for life (unless you cancel or subsequently elect 75% Reduction).

Rates May Change in the Future

Rates for Option A - Standard (Monthly)
Age GroupRate
Under 35 $0.65
35-39 $0.87
40-44 $1.30
45-49 $1.95
50-54 $3.03
55-59 $5.85
60-64 $13.00
65+ Free

Rates May Change in the Future

Rates for Option B - Additional
Age GroupMonthly, per $1000 of coverage
Under 35 $0.043
35-39 $0.065
40-44 $0.108
45-49 $0.173
50-54 $0.282
55-59 $0.498
60-64 $1.127
65 and over Free* (BUT see below)

* For eligible annuitants who elected No Reduction for Option B, coverage is NOT free for age 65+. These annuitants must continue to pay premiums as shown below for No Reduction Option B coverage.

Age GroupMonthly, per $1000 of coverage
65-69 $1.343
70-74 $2.470
75-79 $3.90
80 and over $5.20

Rates may change in the future.

Rates for Option C - Family
1 Multiple = $5,000 For A Spouse
1 Multiple = $2,500 For Each Eligible Dependent Child
Annuitant's Age GroupMonthly, per multiple
Under 35 $0.48
35-39 $0.63
40-44 $0.91
45-49 $1.37
50-54 $2.04
55-59 $3.29
60-64 $5.85
65+ Free* (BUT see below)

* For eligible annuitants who elected No Reduction for Option C, coverage is NOT free for age 65+. These annuitants must continue to pay premiums, as shown below:

Annuitant's Age GroupMonthly, per multiple
Age 65-69 $6.80
Age 70-74 $7.80
Age 75-79 $10.40
Age 80+ $14.30

Rates may change in the future

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Premiums for Employees

These rates were effective on the first pay period that started on or after January 1, 2012. For earlier rates see our rates history pages.

Basic Life Insurance (per thousand dollars)
 BiweeklyMonthly
FOR ALL AGES $.150 (15 cents) $0.3250

Rates May Change in the Future

Rates for Option A - Standard
Age GroupBiweeklyMonthly
Under 35 $0.30 $0.65
35-39 $0.40 $0.87
40-44 $0.60 $1.30
45-49 $0.90 $1.95
50-54 $1.40 $3.03
55-59 $2.70 $5.85
60+ $6.00 $13.00

Rates May Change in the Future

Rates for Option B - Additional
Age GroupBiweeklyMonthly, per $1,000
Under 35 $0.02 $0.043
35-39 $0.03 $0.065
40-44 $0.05 $0.108
45-49 $0.08 $0.173
50-54 $0.13 $0.282
55-59 $0.23 $0.498
60-64 $0.52 $1.127
65-69 $0.62 $1.343
70-74 $1.14 $2.470
75-79 $1.80 $3.90
80 and over $2.40 $5.20

Rates May Change in the Future

Rates for Option C - Family
1 Multiple = $5,000 For A Spouse
1 Multiple = $2,500 For Each Eligible Dependent Child
Employee's Age GroupBiweeklyMonthly, per multiple
Under 35 $0.22 $0.48
35-39 $0.29 $0.63
40-44 $0.42 $0.91
45-49 $0.63 $1.37
50-54 $0.94 $2.04
55-59 $1.52 $3.29
60-64 $2.70 $5.85
65-69 $3.14 $6.80
70-74 $3.60 $7.80
75-79 $4.80 $10.40
80 and over $6.60 $14.30

Rates May Change in the Future

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FEGLI Rates History

Bi-weekly Rates Effective January 1, 2005
BASIC (Per $1,000)
Government .0750
Employee .1500
Total .2250
Age GroupsOption AOption B
(per $1,000)
Option C
(per multiple)
Under 35 .30 .03 .27
35 - 39 .40 .04 .34
40 - 44 .60 .06 .46
45 - 49 .90 .09 .60
50 - 54 1.40 .14 .90
55 - 59 2.70 .28 1.45
60 - 64 6.00 .60 2.60
65 - 69 6.00 .72 3.00
70 - 74 6.00 1.20 3.40
75 - 79 6.00 1.80 4.50
80 and over 6.00 2.40 6.00

*These rates were effective on the first pay period that started on or after January 1, 2005.

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Bi-weekly Rates Effective January 1, 2004
BASIC (Per $1,000)
Government .0750
Employee .1500
Total .2250
Age GroupsOption AOption B
(per $1,000)
Option C
(per multiple)
Under 35 .30 .03 .27
35 - 39 .40 .04 .34
40 - 44 .60 .06 .46
45 - 49 .90 .09 .60
50 - 54 1.40 .14 .90
55 - 59 2.70 .28 1.45
60 - 64 6.00 .60 2.60
65 - 69 6.00 .71 3.00
70 - 74 6.00 1.03 3.40
75 - 79 6.00 1.43 4.50
80 and over 6.00 1.83 6.00

*These rates were effective on the first pay period that started on or after January 1, 2004. They were replaced with new rates that became effective on the first pay period that started on or after January 1, 2005.

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Bi-weekly Rates Effective January 1, 2003
BASIC (Per $1,000)
Government .0750
Employee .1500
Total .2250
Age GroupsOption AOption B
(per $1,000)
Option C
(per multiple)
Under 35 .30 .03 .27
35 - 39 .40 .04 .34
40 - 44 .60 .06 .46
45 - 49 .90 .09 .60
50 - 54 1.40 .14 .90
55 - 59 2.70 .28 1.45
60 - 64 6.00 .60 2.60
65 - 69 6.00 .71 3.00
70 - 74 6.00 .87 3.40
75 - 79 6.00 1.07 4.50
80 and over 6.00 1.27 6.00

*These rates were effective on the first pay period that started on or after January 1, 2003. They were replaced with new rates that became effective on the first pay period that started on or after January 1, 2004.

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Bi-weekly Rates Effective April 24, 2000
BASIC (Per $1,000)
Government .0775
Employee .1550
Total .2325
Age GroupsOption AOption B
(per $1,000)
Option C
(per multiple)
Under 35 .30 .03 .27
35 - 39 .40 .04 .34
40 - 44 .60 .06 .46
45 - 49 .90 .10 .60
50 - 54 1.40 .15 .90
55 - 59 2.70 .31 1.45
60 - 64 6.00 .70 2.60
65 - 69 6.00 .70 3.00
70+ 6.00 .70 3.40

*These rates were effective on the first pay period that started on or after April 24, 2000. They were replaced with new rates that became effective on the first pay period that started on or after January 1, 2003.

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Bi-weekly Rates Effective April 24, 1999
BASIC (Per $1,000)
Government .0775
Employee .1550
Total .2325

Age GroupsOption AOption B
(per $1,000)
Option C
(per multiple)
Under 35 .30 .03 .27
35 - 39 .40 .04 .34
40 - 44 .60 .06 .46
45 - 49 .90 .10 .60
50 - 54 1.40 .15 .90
55 - 59 2.70 .31 1.45
60 and above 6.00 .70 2.60

*These rates were effective on the first pay period that started on or after April 24, 1999. They were replaced with new rates that became effective on the first pay period that started on or after April 24, 2000.

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Bi-weekly Rates Effective January 1, 1993
BASIC (Per $1,000)
Government .0825
Employee .1650
Total .2475
Age GroupsOption AOption B
(per $1,000)
Option C
Under 35 .40 .04 .30
35 - 39 .50 .05 .31
40 - 44 .70 .07 .52
45 - 49 1.10 .11 .70
50 - 54 1.80 .18 1.00
55 - 59 3.00 .30 1.50
60 and over 7.00 .70 2.60

*These rates were effective on the first pay period that started on or after January 1, 1993. They were replaced with new rates that became effective on the first pay period that started on or after April 24, 1999.

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Bi-weekly Rates Effective August 1, 1986
BASIC (Per $1,000)
Government .0925
Employee .1850
Total .2775
Age GroupsOption AOption B
(per $1,000)
Option C
Under 35 .40 .04 .30
35 - 39 .50 .05 .31
40 - 44 .80 .08 .52
45 - 49 1.30 .13 .70
50 - 54 2.20 .22 1.10
55 - 59 4.50 .45 1.75
60 and over 7.00 .85 2.80

*These rates were effective on the first pay period that started on or after August 1, 1986. They were replaced with new rates that became effective on the first pay period that started on or after January 1, 1993.

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Bi-weekly Rates Effective August 1, 1985
BASIC (Per $1,000)
Government .1000
Employee .2000
Total .3000
Age GroupsOption AOption B
(per $1,000)
Option C
Under 35 .55 .04 .30
35 - 39 .70 .05 .31
40 - 44 1.00 .08 .52
45 - 49 1.60 .16 .72
50 - 54 2.70 .27 1.10
55 - 59 6.00 .60 2.00
60 and over 7.50 .95 3.00

*These rates were effective on the first pay period that started on or after August 1, 1985. They were replaced with new rates that became effective on the first pay period that started on or after August 1, 1986.

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Bi-weekly Rates Effective May 1, 1984
BASIC (Per $1,000)
Government .1100
Employee .2200
Total .3300

Age GroupsOption AOption B
(per $1,000)
Option C
Under 35 .55 .04 .30
35 - 39 .70 .05 .31
40 - 44 1.00 .08 .52
45 - 49 1.60 .16 .72
50 - 54 2.70 .27 1.10
55 - 59 6.00 .60 2.00
60 and over 7.50 .95 3.00

*These rates were effective on the first pay period that started on or after May 1, 1984. They were replaced with new rates that became effective on the first pay period that started on or after August 1, 1985.

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Bi-weekly Rates Effective April 1, 1981
BASIC (Per $1,000)
Government .1200
Employee .2400
Total .3600
Age GroupsOption AOption B
(per $1,000)
Option C
Under 35 .60 .05 .50
35 - 39 .80 .07 .60
40 - 44 1.40 .12 .70
45 - 49 2.20 .20 .90
50 - 54 3.20 .30 1.30
55 - 59 7.50 .60 2.00
60 and over 9.00 .95 3.00

*These rates were effective on the first pay period that started on or after April 1, 1981. They were replaced with new rates that became effective on the first pay period that started on or after May 1, 1984.

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Bi-weekly Rates Effective September 1, 1978
REGULAR (Per $1,000)
Government .1275
Employee .2550
Total .3825
Age GroupsOptional
Insurance
Under 35 .60
35 - 39 1.00
40 - 44 1.70
45 - 49 2.40
50 - 54 3.50
55 - 59 7.50
60 and over 9.00

*These rates were effective on the first pay period that started on or after September 1, 1978. They were replaced with new rates that became effective on the first pay period that started on or after April 1, 1981.

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Bi-weekly Rates Effective February 28, 1975
REGULAR (Per $1,000)
Government .1775
Employee .3550
Total .5325
Age GroupsOptional
Insurance
Under 35 .80
35 - 39 1.20
40 - 44 1.90
45 - 49 2.90
50 - 54 4.50
55 - 59 10.50
60 and over 14.00

*These rates were effective on the first pay period that started on or after February 28, 1975. They were replaced with new rates that became effective on the first pay period that started on or after September 1, 1978.

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Bi-weekly Rates Effective July 1, 1973
REGULAR (Per $1,000)
Government .1375
Employee .2750
Total .4125
Age GroupsOptional
Insurance
Under 35 .80
35 - 39 1.20
40 - 44 1.90
45 - 49 2.90
50 - 54 4.50
55 - 59 10.50
60 and over 14.00

*These rates were effective on the first pay period that started on or after July 1, 1973. They were replaced with new rates that became effective on the first pay period that started on or after February 28, 1975.

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Bi-weekly Rates Effective April 1, 1970
REGULAR (Per $1,000)
Government .1375
Employee .2750
Total .4125
Age GroupsOptional Insurance
Under 35 1.30
35 - 39 1.70
40 - 44 2.40
45 - 49 3.60
50 - 54 5.50
55 - 59 17.00
60 and over 19.00

*These rates were effective on the first pay period that started on or after April 1, 1970. They were replaced with new rates that became effective on the first pay period that started on or after July 1, 1973.

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Bi-weekly Rates Effective February 14, 1968
REGULAR (Per $1,000)
Government .1375
Employee .2750
Total .4125
Age GroupsOptional
Insurance
Under 35 3.00
35 - 54 6.00
55 and over 20.00

*These rates were effective on the first pay period that started on or after February 14, 1968. They were replaced with new rates that became effective on the first pay period that started on or after April 1, 1970.

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Bi-weekly Rates Effective August 28, 1954
REGULAR (Per $1,000)
Government .125
Employee .250
Total .375

*These rates were effective on the first pay period that started on or after August 28, 1954. They were replaced with new rates that became effective on the first pay period that started on or after February 14, 1968.

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