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Life Insurance Enrollment and Change the Standard  Form

Life Insurance Enrollment and Change the Standard Form

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Instructions and help about Life Insurance Enrollment And Change The Standard

hi I want to do a quick video here on your basic figley that's FEG GLI your federal employee group life insurance I had a scenario come up recently with a federal employee who had some questions about his basic insurance so we're gonna try to answer those right now your basic insurance as far as first of all the premium for it so the premium stays the same okay it doesn't increase like the other options do the premium stays flat it's a constant rate that never changes now the coverage the coverage for the most part stays the same too the only way that it increases is with your salary so the way that the coverage works is you take your salary rounded up the next thousand plus $2,000 and then you've got your coverage for basic FEGLI so if we look at an example like 97 thousand three hundred dollars is your salary rounding up to 98 add to and you've got a hundred thousand dollars of coverage under FEGLI now one thing that's a little

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