What is the Federal Employees Group Life Insurance (FEGLI) program?
Asked a year ago
The Federal Employees Group Life Insurance (FEGLI) program is a life insurance program established by the U.S. government for federal employees. It offers affordable life insurance coverage that provides financial protection to employees and their families in the event of death. FEGLI is a group term life insurance program, meaning that it does not build cash value over time. The program includes basic life insurance coverage as well as various optional insurance types such as additional coverage's for employees and their spouses. FEGLI premiums are deducted biweekly from employees' paychecks and the program is administered by the U.S. Office of Personnel Management. Overall, FEGLI is designed to offer federal employees peace of mind by ensuring that their loved ones are financially protected in the unfortunate event of their passing.
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