# FEGLI Program Booklet For U.S. Postal Service Employees

## General Information

You may elect Option B-Additional in an amount equal to one, two, three, four or five times your annual rate of basic pay (after rounding up to the next even \$1,000).

HOW MUCH DOES OPTION B COST?*

WITHHOLDING FOR EACH \$1,000 INSURANCE

2004

2005

Biweekly

Monthly

Biweekly

Monthly

Under 35

\$0.03

\$0.065

\$0.03

\$0.065

35 - 39

0.04

0.087

0.04

0.087

40 - 44

0.06

0.130

0.06

0.130

45 - 49

0.09

0.195

0.09

0.195

50 - 54

0.14

0.303

0.14

0.303

55 - 59

0.28

0.607

0.28

0.607

60 - 64

0.60

1.300

0.60

1.300

65 - 69

0.71

1.538

0.72

1.560

70 - 74

1.03

2.232

1.20

2.600

75 - 79

1.43

3.098

1.80

3.900

80 and over

1.83

3.965

2.40

5.200

* These are the rates through 2005. They may change in future years. For more information, see the FEGLI website at www.opm.gov/insure/life.

** For insurance withholding purposes, we assume you reach these ages on the first day of the pay period that starts after your birthday.

#### Consider this example

Bob, a 38-year-old U.S. Postal Service employee, is married with three children. He wants to get the maximum amount of Option B he can. He chooses five times his annual pay of \$39,500 (rounded to \$40,000), which totals \$200,000. He is paid on a biweekly basis. Therefore, his cost is \$8.00 biweekly (\$0.04 x 200). Refer to the worksheet on page 25 for more information, or see the FEGLI Calculator at www.opm.gov/insure/life.