FEGLI vs. Private Life Insurance

First Published on CompareFEGLI.com

FEGLI vs. Private Life Insurance

Life InsuranceThrift Savings Plan There’s really no question about whether it’s beneficial for new federal employees to stay in the Federal Employees’ Group Life Insurance (FEGLI) program which they are automatically enrolled into.  But it’s a good idea to know all your options, so perhaps you should take a look at the alternatives too.

In this case, the alternatives are private life insurance companies, so here’s a comparison of FEGLI vs. private life insurance.

FEGLI life insurance offers a lot of benefits, including automatic coverage for you and your family (if you opt for FEGLI Option C). The no-questions asked, guaranteed coverage is literally a life-saver for federal employees and their families if are older and/or have health issues and pre-existing diseases.

But in terms of price, private insurers are handily able to beat FEGLI premiums. Did you know ….. READ MORE

 

Other FEGLI Articles

What is FEGLI Option A, Option B and Option C?

Evaluating your life insurance policy by Todd Carmack

Converting FEGLI to Individual Life Insurance After Separation From Federal Service

Who Gets Your FEGLI Life Insurance Benefits When You Die?

FEGLI – Federal Life Insurance Living Benefits Guide

Related Posts

FEGLI – Option A – Standard Insurance

Unless you cancel your Option A-Standard Insurance, premiums will be deducted from your annuity through the end of the month in which you reach age 65

...Read More

Federal Government to Boost the Farming Sector

The federal government is assisting farmers to get help in producing crops. It will facilitate to curb the rising demand for locally produced foods.

...Read More

thrift saving plan

Is Auto-Enrolment Good for Financial Planning and Wellness of Civilian Employees of the US Army?

It is a general belief that auto-enrolment is a smart idea as it allows people to save more towards the retirement benefits and boosts their financial planning and wellness. But does the boost to financial planning and wellness actually occur? A study sought answers to these questions by analyzing the data of civilian employees of

...Read More