FederalRetirementExperts.com Answers the Question "Should I Cancel My FEGLI Insurance?"

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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 “Should I Cancel FEGLI Option B?”.

Federal Retirement Experts

FederalRetirementExperts.com was launched as a resource for every federal employee to help them understand their federal benefits options both while in service and in retirement.

FederalRetirementExperts.com was launched as a resource for every federal employee to help them understand their federal benefits options both while in service and in retirement.

FederalRetirementExperts.com released a post this week titled “Should I Cancel FEGLI Option B?” to educate federal employees on how to cancel a FEGLI Policy and what FEGLI policy to cancel as well as how to save thousands on life insurance with private sector options vs. FEGLI Option B.

“A common question we receive is should I cancel my FEGLI insurance? We also advise the federal employee to keep their Basic Insurance as the cost is shared between the federal employee and the agency they work for, except for postal employees who get this benefit free of charge! However past the Basic option we advise the employee to shop the open market as the cost on the open market compared to the FEGLI Option B is normally substantially less. This is especially true starting at the age 45 and older. Our clients typically save between 50-80% on their insurance premiums with a private policy compared to keeping their FEGLI Option B coverage,” stated by Matthew Loughran, from http://www.FederalRetirementExperts.com.

Feel free to read the rest of this article titled “Should I Cancel FEGLI Option B?” for more information; as well as contact a benefit advisor for questions on strategies to save money on FEGLI Option B and how to guarantee income for life with a TSP Rollover by visiting http://www.federalretirementexperts.com

About 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

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