The Office of Personnel Management (OPM) recently released a new video: “Your FEGLI Life Insurance – For Annuitants and Retiring Employees.”
The 16-minute video is ideal for federal employees approaching retirement and for retired employees.
The topics include:
- The four requirements for continuing FEGLI coverage into retirement
- Post 65 reductions: how they work and how to elect them
- How to check on your amount of life insurance coverage
- How to check and change your beneficiaries
This is a timely overview video of the life insurance program after OPM announced FEGLI premium rates changes and a rare 2016 FEGLI open season in which federal employees can elect or increase their FEGLI life insurance. The FEGLI open season is from September 1, 2016 through September 30, 2016.
OPM’s FEGLI video can be viewed below:
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FEGLI gets more expensive with age.
Most feds don’t realize how much.
Basic FEGLI premiums climb sharply after 50, and Option B can cost even more without a plan to reduce it in retirement. This workshop breaks down what to expect, alongside everything else on your path to retirement. Get the details at a free FedImpact Workshop near you.