Unless they waive coverage, most Federal employees have Basic Life Insurance under the Federal Employees’ Group Life Insurance Program. Some employees also may have FEGLI optional insurance coverage.

What is the Federal Employees Group Life Insurance Program?

The Federal Employees’ Group Life Insurance (FEGLI) Program is a group term life insurance program for Federal and Postal employees and retirees. The Office of Personnel Management administers the Program and sets the premiums.

Is FEGLI a whole life insurance?

FEGLI offers group life insurance. It is not whole life insurance and does not build cash value.

How do I check my FEGLI?

Verify life insurance enrollment (FEGLI)

1. Sign in to your online account. Go to OPM Retirement Services Online.
2. Click Life Insurance in the menu to view your enrollment verification.
3. Click the save or print icon to download or print your enrollment verification.

How much life insurance do retired Federal Employees Get?

When you retire, your Basic insurance will be equal to your salary at the time you retired (rounded up to the next higher $1,000) plus $2,000. The cost of that insurance to you will depend on the post-retirement option you choose.

How long does it take for FEGLI to pay?

How Long Does It Take for FEGLI to Pay? Federal Employee Group Life Insurance (FEGLI) death benefits should be paid by the insurance company within 30 days from the date a beneficiary filed a notice of claim and submitted all necessary supporting documents.

Is FEGLI life insurance a good deal?

For many people, FEGLI is the best (or only) option available. If you are healthy and have a need for a higher level, though, it often makes sense to look elsewhere for an appropriate plan. If that is the case, be sure to leave your current FEGLI coverage in place until a new policy is issued and in force.

Who are the federal employees group life insurance company?

Federal Employee Group Life Insurance (FEGLI) The Federal Employees’ Group Life Insurance (FEGLI) Program is a group term life insurance program for Federal and Postal employees and retirees. The Office of Personnel Management administers the Program and sets the premiums. OPM has a contract with the Metropolitan Life Insurance Company (MetLife)…

What kind of life insurance does the federal government offer?

Federal Employee Group Life Insurance (FEGLI) The Federal Employees’ Group Life Insurance (FEGLI) Program is a group term life insurance program for Federal and Postal employees and retirees. The Office of Personnel Management administers the Program and sets the premiums.

How to find out if your federal employee has life insurance?

To find out the amount of the premium, check the OPM website. a. Option C – Family: This option permits an employee to buy life insurance for spouse and eligible dependent children. When the employee elects Option C coverage, all of the employee’s eligible family members are automatically covered.

Who are the life insurance companies for OPM?

OPM has a contract with the Metropolitan Life Insurance Company (MetLife) to provide this life insurance. The MetLife has an office called Office of Federal Employees’ Group Life Insurance (OFEGLI).