It pays to shop around before you retire. Take the 75% reduction and replace with term life for 20 or 15 years. Fegli is great if you are uninsurable though. We saved thousands by going with USA.
Shop around way before retirement! The FEGLI B premiums start getting expensive at age 50 and you need to shop it and consider replacing before one is uninsurable. Most importantly, we need to know how much insurance is necessary and what the SBP decision will be well before making the final retirement decision.
The options for FEGLI BASIC at retirement are drop it, no reduction, 75% reduction or 50% reduction. It seems that you have FEGLI Basic and either Option B or C. There are different options for carrying B and C in retirement and they are dropping it, maintaining it, or electing the 100 reduction. We did another video on Option B in retirement: ua-cam.com/video/eWx1fsdLKHw/v-deo.html. I hope this helps
great video
Thank you!
It pays to shop around before you retire. Take the 75% reduction and replace with term life for 20 or 15 years. Fegli is great if you are uninsurable though. We saved thousands by going with USA.
Shop around way before retirement! The FEGLI B premiums start getting expensive at age 50 and you need to shop it and consider replacing before one is uninsurable. Most importantly, we need to know how much insurance is necessary and what the SBP decision will be well before making the final retirement decision.
Does the 75% reduction apply if you have a 2x multiple or just the basic? Thank you.
The options for FEGLI BASIC at retirement are drop it, no reduction, 75% reduction or 50% reduction. It seems that you have FEGLI Basic and either Option B or C. There are different options for carrying B and C in retirement and they are dropping it, maintaining it, or electing the 100 reduction. We did another video on Option B in retirement: ua-cam.com/video/eWx1fsdLKHw/v-deo.html. I hope this helps