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Review the new 2014 Federal Employees' Group Life Insurance (FEGLI) Handbook
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FEGLI Announces NEW 2012 Premiums. More Information
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Basic Insurance Amount at Retirement
The Extra Benefit reduces 10% of the original amount each year until at age 45 you will have no Extra Benefit.
* The change in premiums is effective the first of the month following the month in which you reach age 65. After age 65, Basic life insurance is free for all retirees. The 50% and No Reduction premiums continue for life.
Option A is free the month after you reach age 65 or retire (if later). It is free but reductions begin.
Your Option A-standard coverage will reduce by 2% of the pre-retirement amount per month ($200.00) until it reaches 25% ($2500.00) of the pre-retirement amount.
Your Full Reduction Option B multiples are free after you reach age 65 or retire (if later), but reductions start. The Full Reduction multiples will reduce by 2% of the pre-retirement amount per month for 50 months, at which time that coverage will end.
Your monthly reduction will be FormatCurrency(0.02 * x * OptionBFullReduction).
Your Option C Full Reduction multiples are free after you reach age 65 or retire (if later), but reductions start. These Full Reduction multiples will reduce by 2% of the pre-retirement amount per month for 50 months, at which time that coverage will end.
Your monthly reduction for:
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