LIFE INSURANCE

If you're in a FEGLI-eligible position, you're automatically enrolled in basic life insurance, which is effective on the first day you enter in a pay and duty status--- unless you waive this coverage before the end of your first pay period. You do not get any optional insurance automatically; you have to take action to elect for it.

You have 31 days from your entry date to sign up for any optional life insurance. If you do not make an election, you are considered to have waived optional insurance.

No proof of insurability is required for the basic insurance you get upon being hired, or for any optional insurance you sign up for during the first 31 days. Proof of insurability may be required for insurance changes after that time.

The Federal Employees Group Life Insurance (FEGLI) offers:

Basic Life Insurance

  • Equal to your annual basic pay, rounded up to the nearest $1000, plus $2000

Three types of optional insurance:

  • Option A, Standard: In the amount of $10,000
  • Option B, Additional: In an amount from 1 to 5 times your annual basic pay (after rounding up to the nearest $1000)
  • Option C, Family: When you elect Option C, all of your eligible family members are automatically covered. You may elect one, two, three, four, or five multiples of coverage. Each multiple is equal to $5000 for your spouse and $2500 for each of your eligible dependent children.

Further information on the FEGLI program:

  • Federal Employees Group Life Insurance website
  • The FEGLI Calculator allows you to determine the cost and benefits of various levels of optional insurance coverage.
  • Standard Form 2817 is used to sign up for or cancel FEGLI coverage.

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