Federal Employee Insurance Benefits is your trusted source for comprehensive insurance solutions tailored specifically for federal employees. We understand the importance of safeguarding your financial future and providing security for your loved ones. That’s why we are proud to offer the Federal Employees Life Insurance (FEGLI Alternative) program.
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Simply select your state, coverage amount, health class, term period, birthdate, gender, and smoking preference, and let our advanced system do the rest. Within seconds, you’ll gain access to various competitive FEGLI Alternative insurance rates that can save you significant amounts of money.
With FEGLI Alternative, you can enjoy a range of benefits and peace of mind knowing that you have a reliable safety net. Read on to discover five key advantages of FEGLI Alternative.
Flexible Coverage Options
FEGLI Alternative provides federal employees with a variety of coverage options to meet their unique needs. As a policyholder, you have the flexibility to choose the coverage level that aligns with your financial goals and your family’s needs. Whether you require a basic amount of coverage or additional protection, FEGLI Alternative offers multiple options to ensure you have the right amount of life insurance. Ask about our new “living benefits” life insurance offerings which include covering expensive Critical and Chronic illness needs during your life.
Acceptance Assured
Federal employees are automatically enrolled in the program without the requirement for medical underwriting or health tests because it gives assured acceptance. As a result, people with pre-existing diseases or those who might have trouble getting life insurance through conventional channels can now receive FEGLI. FEGLI streamlines the enrollment process and provides coverage without needless delays by doing away with the requirement for medical exams.
Portability
If you leave federal service, you have the option to continue your life insurance coverage under the FEGLI Alternative program. This portability ensures that you can maintain your valuable protection even if you transition to a different career or retire from federal employment. With FEGLI, you can enjoy the benefits of stable coverage, regardless of your future career path.
Accidental Death and Dismemberment Coverage
FEGLI includes an Accidental Death and Dismemberment (AD&D) feature, providing an additional layer of financial security. In the unfortunate event of an accident resulting in death or severe injuries, the AD&D coverage offers an extra payout on top of the standard life insurance benefit. This added protection can provide extra support during challenging times and help alleviate the financial burdens associated with accidents.
Competitive Premiums
FEGLI Alternative offers life insurance coverage at competitive premium rates. As a federal employee, you can benefit from the group purchasing power, which helps keep premiums affordable while providing substantial coverage. It allows you to access reliable and comprehensive life insurance protection without straining your budget.
Federal Employee Insurance Benefits is committed to assisting federal employees in securing their financial well-being. With FEGLI Alternative, you can rest assured that you and your loved ones are protected. Use our federal government employee life insurance calculator to know the exact rates. Unlike FEGLI Option B, your cost does NOT go up over your career and typical savings are in the tens of thousands of dollars. Get in touch with us today to explore how FEGLI can be a valuable addition to your financial plan.