Page 44 - The Informed Fed--Hearn Wealth Management
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CHAPTER FOUR




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                            Now
                        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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