The FEGLI Plan works as a step term life insurance program.
San Diego, CA (PRWEB) October 15, 2013
FederalRetirementExperts.com, a federal employee benefits resource specializing in teaching federal employees about their TSP, FEGLI, FERS, FERS Supplement, CSRS and CSRS Offset, introduced a new article titled “How FEGLI Works.”
FederalRetirementExperts.com released a post this week titled “How FEGLI Works” to educate federal employees on commonly asked questions regarding FEGLI rates and coverage.
“The FEGLI Plan works as a step term life insurance program; what I mean by that is the death benefit is determined by the multiplier of your annual income you choose during open season and the price will increase every 5 years. So picture a flight of stairs or the picture below and each step is an increment of 5 yrs. so the price will remain level then jump up as you get older,” stated by Matthew Loughran, from FederalRetirementExperts.com.
Feel free to read the rest of this article titled “How FEGLI Works” for more information; as well as contact a federal retirement advisor for questions on strategies to save money on FEGLI Option B and winning strategies with your TSP by vising http://www.federalretirementexperts.com/.
FederalRetirementExperts.com exists as a free service for all federal employees to better understand their benefits options both while in service and in retirement. OPM is not trained or licensed to provide advice when it comes to the private sector. Find free information and expert advice at http://www.federalretirementexperts.com.