Basic PayBasic Pay is defined as the rate fixed by applicable law or regulation. Examples of special types of pay included in Basic Pay are:
Basic pay does not include other types of pay such as: bonuses, allowances, overtime, holiday, and military pay or supplemental payments from the Office of Workers' Compensation Programs (OWCP). See your Human Resources office if you are not sure what what your Basic Pay is.
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FEGLI also offers an Extra Benefit to employees under age 45 at no additional cost. This Extra Benefit doubles the amount of Basic life insurance payable if you are age 35 or younger. Beginning on your 36th birthday, the Extra Benefit decreases 10% each year until at age 45 there is no Extra Benefit. |
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Optional Insurance |
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While Basic life insurance may be enough coverage for some people, others may want additional protection. That's why the Federal Employees' Group Life Insurance Program offers you three optional coverages:
You must be enrolled in Basic in order to elect one or more of the optional coverages. You must pay the full cost for all optional coverages. Enrollment in optional coverage is not automatic. You must submit a completed Life Insurance Election form (SF 2817) to your Human Resources office within 31 days of becoming eligible.
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Option A - Standard |
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You may elect Option A-Standard life Insurance in the amount of $10,000.00 The cost of Option A -Standard insurance depends on your age. You are considered to attain a particular age group on January 1 of the year following the one in which your corresponding birthday occurs. The premiums increase depending on your age group, as shown in the following table:
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Option B - Additional | ||||||||||||||||||||||||||
You may elect Option B - Additional Life Insurance in an amount equal to one, two, three, four or five times your annual basic pay (after rounding up to the next $1,000). The cost of Option B - Additional insurance depends on your age. You are considered to attain a particular age group on January 1 of the year following the one in which your corresponding birthday occurs. The premiums increase depending on your age group, as shown in the following table:
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Option C - Family |
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Option C - Family Life Insurance provides life insurance for your spouse and eligible dependent children. When you elect Option C - Family coverage, all of your eligible family members are automatically covered. The coverage amount is $5,000 for your spouse and $2,500 for each of your eligible children. The cost for Option C - Family Insurance remains the same regardless of the number of eligible dependent children. Dependent children must be unmarried and under age 22, or if 22 or older, incapable of self-support. Dependent children include your children, adopted children, stepchildren and foster children (if they are living with you in a regular parent-child relationship), and recognized natural children. Stillborn children are not covered, and grandchildren are only covered if they qualify as foster children. The cost of Option C - Family insurance depends on your age. You are considered to attain a particular age group on January 1 of the year following the one in which your corresponding birthday occurs. The premiums increase depending on your age group, as shown in the following table:
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Last Updated November 10, 2000