Financial Solutions for Federal Employees
Federal Employees Group Life Insurance (FEGLI)
FEGLI is a term life insurance program, meaning that it provides a defined benefit if the policyholder dies during the period of time (term) specified in the policy. As a federal employee, you’re typically covered by basic life insurance through FEGLI, and premiums are deducted from your paycheck unless you waive the coverage. Unlike permanent insurance such as whole-life policies, FEGLI does not build up any cash value or paid-up value. You may choose from three optional types of coverage (Standard, Additional and Family) to supplement your basic coverage.
Essential questions to consider regarding life insurance include:
- Is FEGLI alone adequate to meet all of my life insurance needs …or should I consider supplementing it with commercial insurance?
- What FEGLI options meet my insurance needs and budget?
- What happens to my FEGLI when I separate from government service or retire?
- How does FEGLI or other life insurance fit into my financial plan?
Your local First Command Financial Advisor can help you determine the answers to these questions and assess your life insurance needs as part of a personalized, comprehensive financial plan that helps you protect your family and pursue your financial goals.
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© 2006 First Command Financial Services, Inc.,
parent of First Command Financial Planning, Inc. (Member SIPC) and First Command Bank (member FDIC and Equal Housing Lender) | Privacy Policy | Description of Services | Business Recovery Notice
In certain states, as required by law, First Command Financial Services, Inc. does business as a separate, domestic corporation, and does business in California as “First Command Insurance Services.”
Insurance products and services are offered by First Command Financial Services, Inc. Securities, annuities, tax-preparation services and financial planning services are offered by First Command Financial Planning Inc. Banking and trust services are offered by First Command Bank. Securities products are not FDIC insured, have no bank guarantee and may lose value.
First Command Educational Foundation is a non-profit 501(c)3 organization independent from any other First Command entity.
A financial plan, by itself, cannot assure that retirement or other financial goals will be met.
