Did You Know Your FEGLI Premiums Can Increase As Much As 2000% By The Time You Turn 65 Years Old? Yes – You Read It Correctly: Two-Thousand Percent!
Premiums: Bi-weekly premiums start rising at age 35 then increase by as much as 20-times higher by age 65 or when you retire.
Coverage: Unfortunately; 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. You’re FEGLI life insurance is term life insurance and bills no cash value or equity?
The Worst News: At age 70, when it’s most likely needed, your 6-figure coverage could plummet to low 5-figures.
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