FEGLI after 50
The Federal Employees' Group Life Insurance (FEGLI) program often becomes a financial burden for federal employees as they cross the age 50 threshold.
While FEGLI is highly affordable early in a career, the premiums for Option B (Additional Insurance) begin to increase dramatically every five years based on age bands, often doubling or tripling in cost.
Because these rates are set by group averages rather than individual health, many healthy federal employees find themselves paying significantly more than they would for a private, underwritten policy.
Our agency specializes in helping feds compare their current FEGLI trajectory against private market alternatives to secure fixed, long-term rates before these automatic "age-jump" price hikes take effect.
Because these automatic age-band hikes compound every five years, your biweekly Option B premiums will skyrocket 13-fold between your early 40s and early 60s.
Transitioning to a private term life insurance policy provides a stable, fixed-rate alternative.