Life Insurance
The Federal Employees' Group Life Insurance (FEGLI) Program provides group term life insurance. It consists of Basic life insurance coverage and three options. The basic benefit amount is approximately $2,000 more than your base salary. The Federal Government pays one-third of the cost for basic coverage. Optional insurance is available to increase your benefit, as well as to provide coverage for your family. You pay the entire premium for any optional coverage you elect.
Additional Information
• About FEGLI 
(OPM)
• Assignments (OPM)
• Cost of Insurance (OPM)
• Designation of Beneficiary (OPM)
• FEGLI Calculator (OPM)
• FEGLI Publications and Forms (OPM)
o FEGLI Program Booklet (OPM)
o Life Insurance Election Form (SF-2817) 
(OPM)
• Frequently Asked Questions (OPM)
• Living Benefits (OPM)
• Opportunities to increase FEGLI Coverage (OPM)
Changes You May Make in Your Life Insurance Coverage
You have three opportunities to enroll or increase coverage: during an open season (open seasons are rare), by providing medical information, or by experiencing a qualified life event (i.e. marriage/birth of a child). For additional information please notify your benefits contact .
You can cancel or decrease coverage at any time. If you already have Option C- Family coverage and your last family member ceases to be eligible for coverage (for instance, when your youngest child turns age 22 and you are divorced or widowed) you should submit a Life Insurance Election Form (SF-2817) to the benefits office to cancel Option C. This is not automatic.
Election of Living Benefits and Assignment of Life Insurance
If you are diagnosed as having a terminal illness you may be eligible to elect living benefits. This would allow you to receive up to the full amount of your basic life insurance coverage while you are still alive instead of payment going to your survivors after your death. You may, instead, assign all of your life insurance coverage to a viatical settlement firm in return for a payment equal to a portion of your coverage (usually 50-80%, depending on life expectancy). That firm would then be paid your life insurance after your death. For more information about living benefits, please see the OPM FEGLI Handbook Chapter on Living Benefits .
You may also assign you life insurance to another person or persons, including an individual, a corporation or an irrevocable trust in order to satisfy the requirements of a court order upon divorce, for inheritance tax purposes, or to satisfy a debt. For more information about living benefits, please see the OPM FEGLI Handbook Chapter on Assignment .
