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Life Insurance Options for Federal Employees

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Mike in VT		#1 Posted : Tuesday, January 12, 2021 4:28:53 AM(UTC)
Rank: Senior Member Groups: Registered Joined: 3/26/2009(UTC) Posts: 1,220 Thanks: 24 times Was thanked: 84 time(s) in 79 post(s)		I've seen a few articles mentioning that FEGLI really isn't a good deal past a certain point (45 years old +). I read an article that there are a few options that more than double the benefit, for far lower premiums. Are there any recommended life insurance plans/companies from the folks here?


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Raoul		#2 Posted : Tuesday, January 12, 2021 4:57:42 AM(UTC)
Rank: Senior Member Groups: Registered Joined: 6/30/2009(UTC) Posts: 438 Location: the moral high ground Thanks: 5 times Was thanked: 42 time(s) in 32 post(s)		Around age 45 I kept FEGLI Option A (the basic) and dropped all additional options. I switched to WAEPA for additional coverage, there are many comparison charts. However, WAEPA is term insurance cheap when you switch and expensive when you're old. When I retired, the kids were gone, the mortgage was gone, the debt was gone. Life insurance is not a retirement plan so, I dropped WAEPA. I kept the FEGLI Option A into retirement. I just turned 65 and my FEGLI life insurance is free. It will reduce over the next three years to 25% of its face value. Just enough to plant me.
		Retired July 2011

1 user thanked for this useful post.		Mike in VT on 1/13/2021(UTC)
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roger.d		#3 Posted : Friday, January 15, 2021 5:21:43 PM(UTC)
Rank: Senior Member Groups: Registered Joined: 8/25/2016(UTC) Posts: 5,069 Location: Midwest Thanks: 136 times Was thanked: 957 time(s) in 777 post(s)		There are a few term life insurance shopping sites on the internet. Select Quote and Zander Insurance come to mind. You might want to put in bogus contact information when filling out their forms so you don't receive follow up phone calls. These sites will give you quotes from top name brand insurance companies.
		fake numbers is not lying https://forum.federalsou...&m=980600#post980600


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