Page 44 - The Informed Fed--Hearn (edited 10.29.20)

CHAPTER FOUR

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Understanding FEGLI

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Now let’s get into a more detailed discussion concerning your
Federal Employees Group Life Insurance, also known as FEGLI. Life
insurance is an important component of your benefits package. We have
found that this is the most misunderstood part of the benefits pro-gram.
You need to have a thorough understanding of this very important
coverage. All career employees can take part in the FEGLI coverage.
Interpretation of the FEGLI code is the best starting point. This is how
you determine what coverage you have chosen. Keep in mind that postal
employees are the only federal employees that receive Basic Life
coverage at no cost.
The FEGLI code begins with the letters IN followed by a number,
a letter (or number 9) and then a number. The number following the IN
indicates your age group, and the corresponding rates for each insurance:
1 = under 35 2 = 35-39 3 = 40-44
4 = 45.49 5 = 50-54 6 = 55-59
7 = 60-64 8 = 65-69 9 = 70 and over
The next letter, or number 9, indicates which options you have elected.
A - Ineligible
B - No Benefits
C - BL
D - BL, A

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