Insurance » General Information (Basic and Optional Coverage)
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The cost of Basic insurance is shared between you and the Government. You pay two-thirds and the Government pays one-third. Your age does not affect the cost of Basic insurance....
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You can look on a copy of your most recent Standard Form 50, Notice of Personnel Action, to determine the coverage you currently have. On that form, in block 27,...
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To get more information on the FEGLI Program, you can read the FEGLI Program Booklet (FE 76-21 for Federal Employees, FE 76-20 for Postal employees) and the FEGLI Handbook. The Booklet is also available...
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Under FEGLI there is Basic life insurance and Optional insurance.
Your Basic Insurance Amount (BIA) is equal to the greater of (a) your annual basic pay rounded up to the next...
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No. The FEGLI Program provides group term insurance. It does not have any cash value and you cannot borrow against your coverage. The only opportunities to get money from your...
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In the event of a fatal accident or an accident that results in the loss of a limb or eyesight, FEGLI includes Accidental Death and Dismemberment (AD&D) for employees. AD&D coverage cannot...
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Yes. The amount of your FEGLI automatically increases when your salary goes up, whenever your annual pay is increased by an amount sufficient to raise the pay to the next...
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Yes, it is true. As part of the Basic life insurance, employees who are under age 45 get an Extra Benefit at no additional cost. The Extra Benefit doubles the...
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Most Federal employees are automatically enrolled in Basic insurance unless they waive this coverage. Basic is effective on the first day you enter in a pay and duty status in...
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You must complete a Life Insurance Election (SF 2817) to waive insurance or to elect Optional insurance. If you do not complete an election form, you are automatically enrolled in Basic only.