Description
The FEGLI vs. Private Term Insurance Optimizer helps federal employees evaluate whether their current life insurance coverage still fits their needs and budget.
FEGLI can be convenient, but optional coverage may become more expensive as employees age. This tool helps users compare projected FEGLI premiums against private term insurance or association-based alternatives so they can better understand the long-term cost of their coverage choices.
Users can enter age, salary, coverage levels, FEGLI options, spouse coverage, and alternative policy assumptions to compare costs over time. The tool is especially useful for identifying potential premium increases, coverage gaps, and the difference between keeping federal group coverage and exploring other options.
This optimizer is designed for federal employees who want to make a more informed life insurance decision before costs rise significantly, health changes limit options, or retirement forces a coverage review.
Software requirements:
This is a Microsoft Excel workbook. For best results, use the desktop version of Microsoft Excel. This file is not designed for Google Sheets, Apple Numbers, or mobile spreadsheet apps.
Important disclaimer:
This tool is for educational and planning purposes only. It is not financial, tax, legal, investment, retirement counseling, or benefits advice. Finance for Feds is not affiliated with OPM, TSP, SSA, or the U.S. government. All estimates depend on user-provided inputs and assumptions. Users should verify retirement benefits with official government sources and consult qualified professionals before making retirement, tax, investment, or benefits decisions.
Digital product notice:
This is a digital download. No physical product will be shipped.
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