FEGLI Option C Life Insurance provides coverage for your spouse and eligible dependent children.

When you elect Option C, all of your eligible family members are automatically covered. You may elect either 1, 2, 3, 4 or 5 multiples of coverage. Each multiple is equal to $5,000 for your spouse and $2,500 for each eligible dependent child.

For example, if you elect 3 multiples and your spouse dies, you would receive $15,000 (3 times $5,000). If one of your eligible dependent children dies, you would receive $7,500 (3 times $2,500).

The number of multiples you elect applies to all of your eligible family members. You cannot elect a number of multiples for your spouse that is different from the number of multiples for your eligible dependent children.

A child's eligibility for Option C benefits ends once he/she reaches age 22, unless he/she is incapable of self-support because of a mental or physical disability that existed before the child reached age 22.

Amount of withholding

Effective January 2003, the biweekly cost per multiple of Option C coverage is:

This amount must be withheld from your pay for each pay period during which you are in pay status for any part of the pay period. If your Option C coverage becomes effective at any time other than the beginning of the pay period, full withholdings for the entire pay period are required.

Other Than Biweekly Pay Periods

If you are paid on other than a biweekly basis, the amount withheld from your pay must be prorated and adjusted to the nearest cent.