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.

1. If you are eligible to continue Basic insurance you must complete an SF 2818 Continuation of Life Insurance Coverage, electing the amount of Basic insurance you want after age 65 (or retirement, if later). The choices are 75% Reduction, 50% Reduction, or No Reduction. Premiums will be based on your election.
2. If you are eligible to continue Option A - Standard coverage into retirement you must complete an SF 2818 Continuation of Life Insurance Coverage and elect whether you want to continue the coverage. If you continue Option A, beginning the 2nd month after your 65th birthday (or retirement, if later), it automatically reduces in value 2% each month until it reaches $2,500. The cost of Option A-Standard is based on your age and the premiums will increase based on the age bands.
3. If you are eligible to continue your Option B – Additional coverage into retirement, you must complete an SF 2818 Continuation of Life Insurance Coverage, electing the number of multiples you want to continue into retirement and the amount of coverage you want after age 65 (or retirement, if later). The choices are Full Reduction, or No Reduction. Premiums will be based on your election.
4. If you are eligible to continue your Option C – Family coverage into retirement, you must complete an SF 2818 Continuation of Life Insurance Coverage, electing the number of multiples you want to continue into retirement and the amount of coverage you want after age 65 (or retirement, if later). The choices are Full Reduction, or No Reduction. Premiums will be based on your election.

• OPM Insurance Web Site
• OPM FEGLI Handbook
• RI 76-12 FEGLI Information for Retirees and Their Families
• Continuing FEGLI Into Retirement FAQs