The Federal Employees Group Life Insurance or FEGLI is life insurance coverage for federal and postal employees and is provided by the Federal Government through a partnership with a private market life insurance company. Federal Employees who are eligible can get the basic coverage automatically and they can opt to get the different optional coverage as well. They also have the option of waiving the coverage if they desire.
Understanding the complicated technical jargon involved in the life insurance plans can prove to be very difficult. Without some background in how Life Insurance works and specifically how group life insurance policies (such as FEGLI) operate there can be several unfortunate surprises. Oftentimes consumers benefit from advice and simplified data so that they can understand the basics of their life insurance coverage.
CompareFEGLI.com provides FEGLI users with a calculation tool and many other resources so they can learn about the costs of their FEGLI and life insurance alternatives. And you can also learn about all the other details pertaining to your plan. The FEGLI calculations and the resulting data are provided in a very simple and comprehensible manner so everyone can understand them and benefit from them.
A company spokesperson while talking about the simplified data said that, “We know that it is hard to understand the calculations of your life insurance. These calculations are needed in analyzing the costs that you pay for life insurance – both today and into the future. That is why we have placed a handy tool on our website which can help you calculate your premium effortlessly and give you a clear understanding of how expensive FEGLI really gets over time.”
You can use the results you receive to compare your FEGLI with other life insurance providers. You can learn whether you are paying too much for the coverage or not. You will find many options where you can get better coverage for the money you are spending. And you can determine if you want to continue with your federal life insurance or move onto a better more affordable comparison.
These and many other benefits are provided to federal retirees and current employees regarding their FEGLI coverage on CompareFEGLI.com. It is CompareFEGLI’s aim to simplify all the difficult to understand aspects of FEGLI and to provide people better understand their life insurance plan.
About the Company
CompareFEGLI.com provides their customers with lowest-priced, top-Rated term life insurance companies to choose from. Using this website for comparison, consumer’s FEGLI Option B savings can be calculated and they can find out how much they can save with a policy from CompareFEGLI.com. This website is the number one resource for reducing FEGLI Option B costs.