Look at WAEPA. I've had them for 30 years and much better then FEGLI....

If you are healthy I would drop FEGLI and get a private policy

1:16 here again. I ust checked the FEGLI handbook, on the OPM website. I was correct. However, you can elect up to as many multiples you want, with a life event, for Option C. That covers your spouse and/ or child. That is a max of I think $25 k. What I would do is (what I did until they rejected it ) would be to go ahead and max out your multiples on basic and see what happens. Mine was rejected and I could only increase 1x per life event. I really hate HR, incompetent morons. Very frustrating to deal with.

Many people think you can get much better coverage privately..we did not use FEGLI. Recommend you research other options.

You can get the max with a life changing event; I did when I had DS. They changed the rules.

If you have basic, which is 1x your salary, plus a roundup, you can only increase it by a factor of one per each life event. So after you have the baby, you can increase it to 2x your salary. Regardless, the maximum is less than $1 million. I think the max is 5x your salary. So I would increase it, but keep your current insurance. As to the cost, there is a calculator on the OPM website. When I started my job HR did not accurately explain FEGLI coverage, so, like you, I elected basic coverage, since they told me I could increase it with a life event. What they failed to explain was that I could not increase it to the maximum with a life event. So now I have to wait until there is an open season, which has not happened in many years. I have no other coverage; long story.

Can any feds help me with FEGLI? My HR office is useless and my brain is fried. I am 33 and currently have basic coverage. I am going to have a baby in 7 weeks and want to increase my coverage to $1M at that life event. My current salary is $104K. Here are the new rates and the 3 options http://www.opm.gov/retirement-services/calculators/fegli-calculator/

Can anyone help me figure out what I should select and how much it will cost me in premiums? We currently have a private policy in which I pay $102 month for life insurance and disability insurance. Will the FEGLI cost me more? (I know FEGLI doesnt cover disability) but the life insurance was approx $50 for $750K. Are there any other good reasons for getting FEGLI and dropping the private insurance? I plan to stay with the feds for a long time (hopefully forever).

Thanks!