How do I access my Fegli account?

How do I access my Fegli account?

There are three ways to access your FEGLI coverage information:

1. Log on to Retirement Services Online to view and print a Verification of Life Insurance (VOLI).
2. Email [email protected] to request that your VOLI be mailed to you.
3. Call 1-888-767-6738 to request that your VOLI be mailed to you.

Who administers Fegli?

OFEGLI Service Standards The Office of Federal Employees’ Group Life Insurance (OFEGLI) is an administrative unit of Metropolitan Life Insurance Company (MetLife) that pays claims for the FEGLI Program. Once a claim for benefits is fully documented, OFEGLI will generally pay it within 10 working days.

What type of insurance is Fegli?

Healthcare & Insurance Life Insurance FEGLI provides group term life insurance. As such, it does not build up any cash value or paid-up value. It consists of Basic life insurance coverage and three options.

What happens to FEGLI after retirement?

If you are not eligible to (or do not want to) continue your FEGLI coverage into retirement, you must either drop the coverage or convert it to an individual policy. The policy will stay in force for 31 days following retirement at no cost to you.

What happens to my Fegli when I retire?

As for reducing it, FEGLI coverage can be cut by 50% for a cheaper price, or slashed by 75%. If you’re 65 or older, retired, and held the coverage for at least 5 years, though, the remaining 25% of coverage stays in place at no cost.

Who is eligible for Fegli?

FEGLI Option C covers the lives of the enrolled employee/retiree’s eligible family members. Eligible family members for Option C include a spouse (including a valid common law marriage) and eligible dependent children.

What happens to my FEGLI when I retire?

Who is eligible for FEGLI?

Is FEGLI whole or term?

Most federal employees, including part-time employees, are eligible for Federal Employees Group Life Insurance. FEGLI is a type of term insurance. It has no cash value, and although there is not a specific term, coverage increases in cost as you get older.

Should I keep FEGLI basic after retirement?

If you’re 65 or older, retired, and held the coverage for at least 5 years, though, the remaining 25% of coverage stays in place at no cost. If you haven’t caught the no-brainer yet, here it is: No one should irrevocably drop FEGLI-Basic in retirement.

What does FEGLI stand for in life insurance?

FEGLI provides group term life insurance to Federal Employees. What is this program? (FEGLI) Program in 1954 to provide group term life insurance. FEGLI can help you meet your life insurance needs. Federal employees, Federal retirees (if they meet

How many federal employees are covered by FEGLI?

The Federal Government established the Federal Employees’ Group Life Insurance (FEGLI) Program on August 29, 1954. It is the largest group life insurance program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members. Most employees are eligible for FEGLI coverage.

Is the post 65 benefit included in FEGLI basic?

The cost of this post-65 benefit is included in the FEGLI Basic level premium. The net effect of the level premium and post-65 benefit is that younger enrollees’ premiums cover the cost of coverage they currently have, and also pre-funds a portion of the costs related to coverage they will have later in their careers and in retirement.

Is there a paper copy of the FEGLI Handbook?

Detailed information on the FEGLI Program for both enrollees and agency insurance officers. There are no paper copies of the FEGLI Handbook.