Basic Group Life Insurance Enrolment Form 2025

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I always suggest keeping basic FEGLI and using WAEPA for additional coverage. FEGLI is free in retirement after 65 if you opt for the 75% reduction and well worth keeping as a basic policy.
An employee may at any time file an SF 2817 to waive or reduce coverage, unless the employee has assigned his/her insurance coverage. If the employee has assigned the insurance, only the assignee(s) may waive or reduce the coverage (except for Option C which cannot be assigned).
Basic life insurance is commonly offered by employers, providing coverage for a specific period of the policyholders lifetime. Coverage amount is based on the policyholders salary; beneficiaries receive the death benefit if the policyholder passes away.
The IRS Federal Form 712 reports the value of a life insurance policys proceeds after the insured dies for estate tax purposes.
Premiums for Employees Age GroupBiweekly, per $1,000Monthly, per $1,000 Under 35 $0.02 $0.043 3539 $0.02 $0.043 4044 $0.03 $0.065 4549 $0.06 $0.1307 more rows
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Through the Federal Employees Group Life Insurance (FEGLI) Program, you have several choices in selecting the amount of life insurance thats right for you. FEGLI offers: Basic insurance: equal to the greater of (a) your salary rounded up to the next $1,000 plus $2,000, or (b) $10,000.

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