You are eligible to continue your Basic and Optional life insurance if you meet all of the following requirements:
- You are entitled to retire on an immediate annuity under a retirement system for civilian employees.
- You have been insured for the 5 years of service immediately before the date your annuity starts, or for the full period(s) of service during which you were eligible to be insured if less than 5 years;
- You have not converted to an individual policy.
- You are enrolled in FEGLI on the date of retirement.
The cost of your life insurance after retirement is determined by the amount of insurance you elect to continue into retirement and the amount of insurance that you want to have after age 65. A complete list of FEGLI premiums for annuitants is available on the Office of Personnel Management (OPM) Web site.
The FEGLI calculator allows you to see how life insurance carried into retirement will change over time.
For additional information about continuing your life insurance coverage after retirement contact your retirement specialist or the Benefits Line.