Long Term Disability and Federal Employment
The federal government offers excellent benefits for its employees. However, when it comes to long-term disability protection, the federal government lags comparable employers in the private sector.
Why Federal Employees generally overpay for Life Insurance
If you are healthy, FEGLI is too costly!
Federal employees have great benefits! They include a retirement pension, the Thrift Savings Plan (TSP). One area, however, that Federal Employees could do better is their life insurance coverage. For most healthy people, the Federal Employee Group Life Insurance (FEGLI) is too costly.
Understanding Life Insurance Underwriting
Do I need life insurance? If you have dependents, your likely answer is YES.
Determining your need and the amount of coverage is the first step. Then, the there are two important follow up questions:
1.) Do I qualify to obtain a meaningful life insurance policy?
2.) If so, what will be my cost?