FEGLI
Federal Employee Group Life Insurance
Basic Coverage
Figured As Base Salary Rounded Up + $2,000
(example: Base Salary = 97,350 rounded up to 98,000 +$2,000 = $100,000)
Cost Per $1,000 = $0.22 1/2 Per 1000
FAA Pays 1/3rd (7.5 cents per 1000)
You Pay 2/3rd (15 Cents Per 1000)
Base = $100,000 x $0.15 = $15.00 Per Pay Period
Cost Of Insurance Goes Up As Income Increases
Death Benefit Increases As Basic Income Goes Up
Accidental Death & Dismemberment Coverage Included In Cost Up To Age 45
Matching Amount Available To Age 35
At Age 35 Matching Amount Reduces 10% A Year To Age 45, Then It Is Gone
Option A
Amount: $10,000
Cost: Varies By Age
(Example: .90 Cents At Age 45)
Option B
Figured With:
Base Salary X Multiplier Of One To Five Times
Can Only Increase Multiplier At Life Changing Event
(Marriage, Children, Divorce, Etc.)
Costs Increases At 5 Year Increments, Starting At Age 35
Option C
Spouse: Units Of $5,000
Dependent: Units Of $2,500
Coverage Equal To Unit Times Multiplier Of One To Five Times