Most federal employees do not understand that their FEGLI life insurance costs/premiums can increase over 2,000%* or 20 times* higher by age 65 or when you retire. Coverageunfortunately; as you age, your FEGLI rates keep going up and when you retire, they can drop as much as 75%* from the coverage you had when you were working. Your FEGLI life insurance is term life insurance and builds no cash value or equity? The Worst News: At age 70 or older, when it’s most likely needed, your 6-figure coverage could plummet to low 5-figures.
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