Life Insurance Premiums and Determining the Coverage Amount

The cost for Basic insurance is shared between you and the Federal government, and your age does not affect the cost for Basic coverage. You pay the full cost for any Optional insurance and the cost depends on your age. The change in premiums resulting from age begins at age 35 and continues to increase in five year increments. If you notice a change in your FEGLI premiums on your Leave and Earnings Statement (LES), you should verify the cost based on your salary and age. To determine the value and cost of your FEGLI, the easy use of the FEGLI calculator can help. Please refer any questions to your Benefits Contact or AskBenefits@nih.gov.

Your life insurance coverage amount will depend on the type of coverage you have. The Federal Employees Group Life Insurance (FEGLI) Program offers Basic insurance coverage and three types of Optional coverage. The Basic insurance coverage amount is equal to your annual basic salary rounded up to the next even $1,000 plus an additional $2,000. Additionally, there is an extra benefit for employees under age 45. Option A (Standard) provides a flat coverage amount of $10,000. Option B (Additional) provides multiples of one to five times your annual basic salary, after rounding up to the next even $1,000. Option C (Family) is coverage for your spouse and unmarried dependent children under age 22 (or children age 22 or over who are incapable of self-support because of a mental or physical disability that existed before the child reached age 22). It provides one to five multiples of coverage. Each multiple is equal to $5,000 for your spouse and $2,500 for each of your eligible dependent children.

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