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[quote=Anonymous]I have basic FEGLI coverage, but I am looking to increase my life insurance coverage.  I am in my early 40s, recently bought a house, have young children, and my DH's income is derived primarily from disability and other payments.  My primary concern is that if something should happen to me, I would want my family to be able to live in our house and keep the same standard of living.  To pay off mortgage, car note, and other bills that would free up DH's monthly income to cover childcare, food, etc., I would need a large insurance policy.  If I elect 5x my annual salary, FEGLI can give me $740K for $74/month.  USAA can give me the same coverage for a 30-year term for $166/month.  It's more expensive, and is only for a term whereas I believe FEGLI is permanent, as long as I remain a federal employee.  Based on this quick comparison, FEGLI seems to be a better deal, although I am sure there are other companies out there.  USAA is good, but can be expensive.

I looked in the archives and someone mentioned that FEGLI premiums rise as you age.  Is that true?  How much do they rise?  Also, has anyone tried to enroll without a QLE?  I think I can take a physical (which shouldn't be a problem), but has anyone successfully increased coverage that way?

Other life insurance options that I should look into?

Thank you. [/quote]

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