Federal Employees' Group Life (FEGLI) Basic in Retirement

Поділитися
Вставка
  • Опубліковано 29 гру 2024

КОМЕНТАРІ • 6

  • @creolelady182
    @creolelady182 7 місяців тому +1

    great video

  • @swright5690
    @swright5690 Рік тому +1

    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.

    • @fedemployeefinancialplanning
      @fedemployeefinancialplanning  Рік тому

      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.

  • @theglobalvagabond3074
    @theglobalvagabond3074 Рік тому

    Does the 75% reduction apply if you have a 2x multiple or just the basic? Thank you.

    • @fedemployeefinancialplanning
      @fedemployeefinancialplanning  Рік тому

      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