Why Wait For FEGLI Open Season?
Federal employees often realize after the fact that the Federal Employees Group Life Insurance (FEGLI) coverage they opted for as new federal employees was insufficient, and they now need to enhance coverage.
A popular misconception in this regard is that you either have to be a new federal employee or wait for the next FEGLI Open Season to make changes to the FEGLI options you signed up for.
In case you aren’t aware of what it is, the FEGLI Open Season is a rare bird that has only made itself available twice in recent years – in 1999 and 2004. All told, there have only been nine FEGLI Open Season events held since 1954.