Information about your FEGLI at work
The Federal Government established
the Federal Employees' Group Life Insurance (FEGLI) Program on August 29, 1954. It is the largest group life insurance
program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members.
FEGLI
provides group term life insurance. As such, it does not build up any cash value or paid-up value. It consists of Basic life
insurance coverage and three options. In most cases, if you are a new Federal employee, you are automatically covered by Basic
life insurance and your payroll office deducts premiums from your paycheck unless you waive the coverage. In addition to the
Basic, there are three forms of Optional insurance that you can elect. You must have Basic insurance in order to elect any
of the options. Unlike Basic, enrollment in Optional insurance is not automatic -- you must take action to elect the options.
The
cost of Basic insurance is shared between you and the Government. You pay 2/3 of the total cost and the Government pays 1/3.
Your age does not affect the cost of Basic insurance. You pay the full cost of Optional insurance, and the cost depends on
your age.
The Office of Federal Employees' Group Life Insurance (OFEGLI), which is a private entity that has a contract
with the Federal Government, processes and pays claims under the FEGLI Program.
