Understanding Your FEGLI Policy
FEGLI, the Federal Employees Group Life Insurance program, offers a set of life insurance products for federal workers. The policy you hold—basic, optional riders, or a combination—determines the coverage amount and benefits. Knowing the specifics of your policy is the first step before you can adjust it.
- Understanding Your FEGLI Policy
- When to Consider a Coverage Change
- Key Reasons to Adjust Coverage
- Locate Your Policy Documents
- Using the FEBO Portal
- Contacting Your FEGLI Office Directly
- Phone and Email Options
- Considerations Before Making a Change
- Processing Time and Confirmation
- Common Pitfalls to Avoid
- Final Steps and Documentation
- When to Revisit Your Coverage Again
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When to Consider a Coverage Change
Life events such as marriage, the birth of a child, a new job, or a change in financial responsibilities often prompt a review of life insurance needs. If your current coverage no longer aligns with your circumstances, you can increase, decrease, or modify your policy.
Key Reasons to Adjust Coverage
- Increased debt or mortgage obligations
- New dependents requiring financial protection
- Reduced need after children become independent
Locate Your Policy Documents
Your policy documents contain the coverage amount, rider selections, and contact information for the FEGLI office handling your account. Keep a digital copy handy—most agencies now offer online access through the Federal Employee Benefits Online (FEBO) portal.
Using the FEBO Portal
The FEBO portal is the primary online tool for federal employees to manage benefits, including FEGLI life insurance. Follow these steps to change coverage:
Contacting Your FEGLI Office Directly
If you prefer personal assistance or need clarification, contact the FEGLI office that issued your policy. Provide your employee ID and the desired coverage change. A representative will guide you through the process and handle any paperwork.
Phone and Email Options
| Office | Phone | |
|---|---|---|
| Washington, DC Office | 202-366-4000 | fegli.washington@fedgov.gov |
| New York, NY Office | 212-374-4000 | fegli.ny@fedgov.gov |
Considerations Before Making a Change
Adjusting coverage can affect premiums and benefits. Here are factors to evaluate:
- Premium adjustments: Increasing coverage typically raises monthly costs; decreasing may lower them.
- Rider impact: Adding riders such as accidental death or waiver of premium can alter both coverage and cost.
- Eligibility rules: Certain riders require proof of health or age limits.
Processing Time and Confirmation
FEGLI processes coverage changes within 5 to 10 business days. You will receive a confirmation letter and updated policy documents once the change is complete. Keep this documentation for your records.
Common Pitfalls to Avoid
• Ignoring the impact of increased coverage on loan repayments or retirement planning.• Overlooking the need to update beneficiaries when coverage changes.• Failing to review the policy after a life event that alters your risk profile.
Final Steps and Documentation
After your coverage change is approved:
- Download the updated policy PDF from FEBO.
- Print a hard copy for your file.
- Notify your spouse or financial advisor of the new coverage details.
When to Revisit Your Coverage Again
Regular reviews—ideally every two years or after major life events—ensure your FEGLI policy stays aligned with your needs.