FEGLI Frequently Asked Questions
Common questions from federal employees considering a life insurance comparison.
Should I cancel my FEGLI?
Not simply because another quote looks cheaper. FEGLI has unique eligibility and retirement features. If replacement is appropriate, wait until the new policy is issued, in force and acceptable before considering reduction or cancellation.
Why does Option B get attention?
OPM publishes age-banded Option B rates. As employees move into older age brackets, the applicable premium rate changes.
Can I have both FEGLI and private life insurance?
Many people carry more than one policy or benefit. Your total needs, affordability, underwriting and personal circumstances should drive the decision.
How much Option B can I elect?
OPM states that Option B may be elected at 1–5 multiples of annual basic pay, after rounding as prescribed by the program.
What happens to FEGLI after retirement?
Continuation is subject to eligibility requirements and reduction elections. OPM provides specific rules for Basic and Optional coverage.
Can I reduce or cancel FEGLI?
OPM says employees may reduce or cancel coverage without waiting for an open season, but re-enrollment or later increases can be restricted. Review the consequences before acting.
Is FEGLIswap a government website?
No. FEGLIswap.com is independent and is not affiliated with or endorsed by OPM, FEGLI, the U.S. Government or any federal agency.