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OPM Seal

FEGLI Worksheet


  Enter your name:  
Enter your current annual rate of Basic Pay (e.g. 43589, with no commas or $ dollar sign):
Select your present age:
How are you paid?
Select additional Optional  Insurance (check all that apply): Option A

Option B Number of Multiples

Option C

Are you a U.S. Postal Employee?
 

 

Basic Pay

Basic Pay is defined as the rate fixed by applicable law or regulation. Examples of special types of pay included in Basic Pay are:

  1. Night differential pay for wage employees
  2. Environmental differential pay for employees who work under hazardous situations.
  3. Premium pay for groups such as law enforcement officers
  4. Locality-based comparability payments.

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.

 

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.

Optional Insurance

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:

  • Option A-Standard
  • Option B-Additional
  • Option C-Family

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.

Option A - Standard

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:

  Age Group Biweekly
Premium
($)
Monthly Premium ($)  
Under age 35 0.40 0.87
Age 35 through 39 0.50 1.08
Age 40 through 44 0.70 1.52
Age 45 through 49 1.10 2.38
Age 50 through 54 1.80 3.90
Age 55 through 59 3.00 6.50
Age 60 and over 7.00 15.17
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:

  Age Group Biweekly
withholding ($) per $1,000 of insurance
Monthly withholding ($) per $1,000 of insurance  
Under age 35 0.04 0.087
Age 35 through 39 0.05 0.108
Age 40 through 44 0.07 0.152
Age 45 through 49 0.11 0.238
Age 50 through 54 0.18 0.390
Age 55 through 59 0.30 0.650
Age 60 and over 0.70 1.517

Option C - Family

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:

  Age Group Biweekly Premium
($)
Monthly Premium ($)  
Under age 35 0.30 0.65
Age 35 through 39 0.31 0.67
Age 40 through 44 0.52 1.13
Age 45 through 49 0.70 1.52
Age 50 through 54 1.00 2.17
Age 55 through 59 1.50 3.25
Age 60 and over 2.60 5.63

 

Last Updated November 10, 2000