There's no substitute for Life Insurance when it comes to protecting your loved ones. By ensuring that they’ll be provided for in the event of unexpected circumstances, you’re taking care of them no matter what. FEGLI is the Federal Employee Group Life Insurance program. It provides Federal workers a guaranteed issue life insurance option with the ability to purchase additional life insurance on themselves and on their spouse and children. If you are in good health, the private market is a great way to enhance your FEGLI protection. But, did you know you can also use life insurance strategies to build your life and create lasting assets?
Your FEGLI, like most of your federal benefits, is subsidized in your working years. This allows the cost to be kept down and more affordable to you. However, at retirement, the cost of your FEGLI rises exponentially. If you are in good health, looking into life insurance strategies in the private market may make sense, not only to protect your loved ones in retirement, but to help you build a lasting legacy.