The FEGLI Program offers group term life insurance.
Basic insurance - your annual salary, rounded up to the next even $1,000, plus $2,000. Basic insurance includes accidental death and dismemberment coverage for employees (not for retirees).
The Postal Service pays one-third of your Basic life insurance premium and you pay two-thirds. Your cost for Basic life insurance is $.15 biweekly, per $1,000 of coverage. Your age does not affect the cost of Basic insurance.
You pay 100% of the premium for Optional insurance. The cost depends on your age, based on 5-year age groups.
Most Postal Service employees are eligible to enroll in FEGLI. Retirees are eligible to carry their FEGLI into retirement if they meet the following requirements: eligible to retire on an immediate annuity (including FERS MRA+10 retirement), have not converted the coverage to a private plan, and have been insured under FEGLI for the five years immediately preceding retirement or for all periods of service during which FEGLI was available to them. There is no waiver of this five-year rule.
The FEGLI Program does not participate in the annual Open Season.
If you are a new employee who is eligible for FEGLI, or an employee who has become newly eligible to enroll, you will be automatically enrolled in Basic. If you do not want Basic, you must file a waiver.
As a new or newly eligible employee, you may enroll in Optional insurance within 31 days of becoming eligible. If you take no action, you will have Basic and will not have any Optional insurance.
If you are not a new employee or newly eligible, you may enroll in Basic life insurance and, if you wish, Option A and/or Option B coverage by providing satisfactory medical information at your own expense using the Request for Life Insurance (Standard Form 2822). You cannot enroll in Option C this way.
If you already have Basic insurance, you may elect or increase Option B and/or Option C within 60 days of experiencing a qualifying life event (marriage, divorce, death of a spouse or birth or adoption of children). You cannot enroll in Option A this way.
You may also enroll during a FEGLI Open Season, which is held infrequently. You will receive plenty of notice when there is a FEGLI Open Season. The most recent FEGLI Open Seasons were held in 2004 and 1999.
Contact the Human Resources Shared Service Center on 1-877-477-3273, option 5 for details on how you can enroll.
When you die, the Office of Federal Employees' Group Life Insurance (OFEGLI), an administrative unit of Metropolitan Life Insurance Company (MetLife), will pay life insurance benefits in a particular order set by law, unless you have a standard form (SF) 2823, Designation of Beneficiary. FEGLI in your official personnel file. The FE 76-20 FEGLI Program Booklet for USPS Employees, available from the HRSSC and at www.opm.gov/insure/life, contains more details.
He or she must use form FE-6, Claim for Death Benefits to claim FEGLI benefits, available from the HRSSC, or retirement system or at www.opm.gov/insure/life.
Contact the HRSSC on 1-877-477-3273, option 5. If you are retired, contact OPM's Retirement Operations Center at retire@opm.gov or by calling 1-888-767-6738. Neither OFEGLI nor OPM's Insurance Services Program offices maintain records for active Postal Service employees or retirees.