Federal Employees’ Group Life Insurance or better known as FEGLI covers more than 4 million federal employees and retirees. Use the OPM FEGLI calculator to see the face value of the coverage.
The OPM FEGLI calculator should give you an idea of how much of an impact changing certain options will have on your premiums and amount of life insurance.
Who is eligible for FEGLI?
All federal employees are eligible for FEGLI. However, if your position or title is excluded by law or a current regulation, you may not be eligible for FEGLI. Generally though, more than 99% of federal employees are eligible for FEGLI. Contact the federal agency you’re working for to see whether or not you’re eligible for FEGLI.
What’s the purpose of FEGLI calculator?
Use the FEGLI calculator down below to figure out the face value of various combinations of coverage, see the coverage, and find out their effects on how it changes the amount of life insurance and the premiums. You can also see how everything is going to be carried out to your retirement and whether or not it will change over time.
To use the FEGLI calculator by OPM, you will need:
- Annual Base Salary
- Pay Frequency
- Optional Insurance
- Option A through C with the number of multiples)
- Whether or not you’re a USPS employee
These will be enough for calculating FEGLI. Start calculating your Federal Employees’ Group Life Insurance premiums and amount of life insurance.