Welcome to the world of FEGLI Option B, where affordable protection meets peace of mind. Designed specifically for federal employees, FEGLI Option B offers a unique blend of flexibility, reliability, and guaranteed coverage to safeguard your loved ones and secure your financial future.

At its core, FEGLI Option B functions as term insurance with a guaranteed renewable five-year term. This means you have the flexibility to adjust your coverage according to your evolving needs, ensuring that you’re always adequately protected. Plus, with coverage options ranging from 1 to 5 times your annual salary, rounded up to the nearest $1,000, you have the power to tailor your policy to suit your individual circumstances.

However, it’s essential to understand that while FEGLI Option B provides valuable benefits, it’s crucial to weigh your options carefully. As the comptroller General of the United States highlights, private sector insurance programs often offer greater coverage at lower costs compared to the FEGLI program. This insight may come as a surprise to many federal employees, especially considering the significant rate increases associated with FEGLI Option B, particularly after the age of 45.

That’s why more and more federal employees are exploring the possibilities offered by low-cost level term life insurance policies. These alternatives provide comparable coverage at a fraction of the cost, empowering you to protect your loved ones without breaking the bank.

Join us as we delve deeper into the world of FEGLI Option B, explore its benefits and limitations, and discover how you can make informed decisions to secure your financial future with confidence.