What is basic life insurance under FEGLI?

InsuNews May 23, 2022

What is basic life insurance under FEGLI?

FEGLI Coverage. Unless they waive coverage, most Federal employees have Basic Life Insurance under the Federal Employees’ Group Life Insurance Program. Basic Life Insurance is equal to the actual rate of annual basic pay (rounded to the next $1,000) plus $2,000, or $10,000, whichever is greater.

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