If you are over 50, you are paying too much for FEGLI Option B life insurance:
FEGLI (Federal Employees' Group Life Insurance) program has been providing excellent life insurance for federal employees since 1954.
Basic FEGLI coverage (Option A) provides affordable life insurance in the amount of $10,000.
For this level of coverage, FEGLI is almost always the most affordable option for federal employees.
Advanced FEGLI coverage (Option B) provides a higher level of coverage for those seeking additional peace of mind.
With Option B, you get coverage for up to 5 times your yearly base pay.
Before the age of 50, FEGLI Option B is a great deal.
After 50, Option B can become prohibitively expensive costing hundreds of dollars a month.
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