Helping Federal Employees and Annuitants Understand Their Benefits

 

FEGLI Annuitant Costs

Options A,B, and C



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Updated 11/10/2016

Rates effective on or after January 1, 2016 Rates

 

Use the following rate charts to compare FELGI option costs. These rates are for annuitants, federal employees should review the FEGLI employee rate charts. It is important to realize that premiums for options A, B and C are adjusted as you age and the costs can get prohibitive especially for the Option B multiples. Evaluate your insurance needs before selecting what options you will carry into retirement. 

Review your Option B coverage carefully before you retire. The cost for multiples increase dramatically, from .043 cents per thousand dollars of coverage to $5.72 per thousand at age 80! Read the three FEGLI articles listed under helpful links to better understand your FEGLI options. The costs are reasonable for most prior to retirement, however, from age 60 and above the costs increases dramatically.

Obtain competitive quotes for Part B coverage to compare costs.  

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FEGLI Rate Menu

 

FEGLI Basic Life

 

  75% Reduction 50% Reduction No Reduction
Until the Month after your 65th Birthday $0.325 monthly $1.035 monthly $2.455 monthly
Starting the Month after your 65th Birthday Free $0.71 monthly $2.13 monthly

 

Cost for each $1,000 of the Basic Insurance Amount in Effect at the Time of your Retirement

You will continue to pay premiums for life (unless you cancel or subsequently elect 75% Reduction). Rates May Change in the Future.

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Option A FEGLI Rates - Standard (Monthly)

Age Group Rates
Under 35 $0.43
35-39 $0.65
40-44 $0.87
45-49 $1.52
50-54 $2.38
55-59 $4.33
60-64 $13.00
65+ Free

Rates May Change in the Future

Option B FEGLI Rates

 

Rates for Option B - Additional

Age Group Monthly, per $1,000 of Coverage
Under 35 $0.043
35-39 $0.065
40-44 $0.087
45-49 $0.152
50-54 $0.238
55-59 $0.4933
60-64 $0.953
65+ Free*
(See below)

For eligible annuitants who elected No Reduction for Option B, coverage is NOT free for age 65+. These annuitants must continue to pay premiums as shown below for No Reduction Option B coverage.

Age Group Monthly, per $1,000 of Coverage
Age 65-69 $1.170
Age 70-74 $2.080
Age 75-79 $3.90
Age 80+ $5.720

 

Rates revised 1/1/2016 and may change in the future.

 

Option C FEGLI Family Rates

 

Rates for Option C FEGLI Family Coverage

1 Multiple = $5,000 For A Spouse
1 Multiple = $2,500 For Each Eligible Dependent Child

 

Annuitant's Age Group Monthly, per multiple
Under 35 $0.48
35-39 $0.59
40-44 $0.89
45-49 $1.28
50-54 $1.99
55-59 $3.21
60-64 $5.85
65+ Free*
(BUT see below)

 

*For eligible annuitants who elected No Reduction for Option C, coverage is NOT free for age 65+. These annuitants must continue to pay premiums, as shown below:

 

Annuitant's Age Group Monthly, per multiple
Age 65-69 $6.80
Age 70-74 $8.30
Age 75-79 $11.40
Age 80+ $15.60

 

Rates revised 1/1/2016 and may change in the future

Helpful Links