Albuquerque Life Insurance – FEGLI
When hired, almost all Federal employees are eligible to sign up for option B life insurance coverage through the Federal Employees’ Group Life Insurance (FEGLI) program; if eligible, it’s set up automatically for you and deducted from your paycheck unless you choose to waive coverage.
Some Things You May Not Know About FEGLI Coverage
Did you know…
- …that FEGLI premiums increase 2000% (yes, you read that correctly, two-thousand) as you get older?
- …that there is a huge rate increase up to 100% every 5 years after the age of 40?
- …that when you get a pay raise, your rate also goes up?
- …that FEGLI is not permanent life insurance?
- …that you can drop your FEGLI coverage at any time with an alternative plan?
While designed to provide federal employees with access to affordable life insurance, the sad truth is, most employees drop this coverage due to the increased cost as they get older. But there’s good news. Federal employees are eligible for alternative life insurance plans that offer more options and greater long-term affordability.
Getting the Best Life Insurance as a Federal Employee
Fritz MarCia Financial of Albuquerque, NM is here to help you find the best insurance plan for your needs at the best rate. When it comes to defining your FEGLI coverage needs, we can help you understand the alternative coverage options available to you in New Mexico and provide you with the information you need to make educated decisions about what’s best for you.
With 21 years of experience, Fritz MarCia Financial helps you stretch your dollar further for the best benefits. You can rest assured that we’ll go the extra mile to ensure your satisfaction as we work to provide you with a worry-free retirement in the lifestyle of your choosing. It’s all part of our commitment to offering people more.
Call us today at 1-505-256-4878 for a FREE analysis of your life insurance benefits!
Fritz MarCia Financial, “Offering People More” is a private insurance benefits agency not affiliated with the U.S. Office of Personnel Management.