FEGLI is available in retirement, but the coverage and cost change significantly once federal service ends. FEGLI premiums increase significantly with age, and coverage amounts depend on which options were originally elected. Private life insurance may cost less for some retirees, and running the actual numbers is the only way to know which option fits.
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Life insurance is one of those retirement decisions that a lot of federal employees end up making by default. They keep FEGLI simply because they've always had it and no one told them to look at it more carefully, but it's worth evaluating.
FEGLI is available to you in retirement, but how it works changes once you leave federal service. Premiums go up significantly as you get older, and the coverage you're able to keep depends on which options you originally elected.
Some retirees keep FEGLI, others move to private coverage. The right answer depends on your health, your budget, and what you're trying to protect. Because FEGLI premiums increase significantly with age, it's worth running the actual numbers rather than assuming it's the best or only option. We're happy to help you look at your options and see what fits.
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