GEBA vs FEGLI vs FegliPLUS
Our unique GEBA vs FEGLI vs FegliPLUS comparison can save you 30-80%.
Federal Employee Group Life Insurance…..FEGLI Option “B”…. has long been known to be an overpriced source of optional life insurance for healthy federal employees…..
“The Government Accounting Office reported in April of 1986 that the FEGLI program is inferior to many private plans”
Federal employees have long sought meaningful alternatives to the FEGLI Option B.
Many federal employees have turned to Government Employees’ Benefit Association.
A direct comparison shows that GEBA insurance and FEGLI Option “B” are group plans with increasing premiums.
At age 65, GEBA’s premiums remain level but death benefits begin decreasing every five years.
GEBA’s premiums are frequently 10-20% lower than FEGLI Option “B”.
In addition to the increasing premiums, a built in problem is GEBA’s decreasing death benefit.
The GEBA death benefit drops significantly beginning at age 65 and continues to decrease every five years.
Healthy federal employees can now consider FegliPLUS, a new approach to individual life insurance.
FegliPLUS locks in guaranteed, low cost premiums AND death benefits for 15, 20 or even 30 years.
It also includes substantial lump sum payouts for Critical Illness and Chronic Care.
These conditions may include cancer, heart attack, stroke, kidney failure, blindness, Parkinson’s, organ transplants, paralysis, ALS, MS, dementia and Alzheimer’s.
These direct comparisons illustrate how FegliPLUS can reduce your premiums by 50-80% AND guarantee level premiums AND guarantee level death benefits AND include substantial lump sum coverage for Critical Illness and Chronic Care conditions.
GEBA vs FegliPLUS:
FegliPLUS rates are based on a preferred rate class and could be higher or lower based on your personal profile.
Please note GEBA’s decreasing death benefit beginning at age 65
As a convenience and to verify our comparisons, please visit Government Employees’ Benefit Association