SEPTEMBER 19, 2016, JOINT BASE SAN ANTONIO-RANDOLPH, Texas (AFNS) – The Federal Employees’ Group Life Insurance Program calculator helps eligible federal employees make the right choices for themselves and their families during this open season, which runs until Sept. 30.
The Office of Personnel Management offers an FEGLI calculator to assist with rapid and convenient computations to determine the face value and calculate premiums of various combinations of FEGLI coverage, see how choosing different options can change the amount of life insurance and premiums and how life insurance carried into retirement will change over time.
During this open season, the first in 12 years, employees can enroll in FEGLI or increase coverage up to the maximum offered by the program, including Option C coverage on the lives of spouses and eligible dependent children under age 22.
In order to participate in the open season, employees must be in a retirement covered position authorized for FEGLI coverage.
FEGLI provides group term life insurance which does not build up any cash or paid-up value. It consists of basic life insurance coverage and three options.
Enrolled employees can cancel, reduce coverage or change beneficiaries at any time without waiting for an open season. Elections or changes made during the 2016 FEGLI Open Season are effective Oct. 1, 2017.
More information on FEGLI is available on the OPM website.
For more information about Air Force personnel programs, go to the myPers website. Individuals who do not have a myPers account can request one by following these instructions on the Air Force Retirees Services website.