Federal Employees' Group Life Insurance Program (FEGLI)
Program Description
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 life insurance, 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 insurance, enrollment in optional insurance is not automatic - you must take action to elect an option.
General Program Requirements
As a Federal employee, you automatically have basic insurance, unless you waive it. However some employees are excluded from life insurance coverage by law or regulation.Optional insurance is not automatic; you must specifically elect it. You can elect Optional insurance if:
- You have basic insurance;
- You don't have a waiver for the type of optional insurance still in effect (or a waiver of that number of Option B or Option C multiples still in effect); and
- Your periodic pay, after all other deductions, is enough to cover the full cost.
http://www.opm.gov/healthcare-insurance/life-insurance/eligibility/
