I'm considering whether or not I should drop my Fegli insurance. I'm not sure if it's still beneficial for me to keep it or if there are better options available. What are the pros and cons of dropping Fegli?
6 answers
RiderWhisper
Sat Oct 26 2024
FEGLI offers an option known as "Basic" which carries a unique benefit.
LucyStone
Fri Oct 25 2024
In contrast to the "Basic" option, other FEGLI options labeled as "B" and "C" do not have the same benefit.
Ilaria
Fri Oct 25 2024
This "Basic" option will eventually become free of charge.
Tommaso
Fri Oct 25 2024
The point when it becomes free is determined by the later of two events: retirement or reaching age 65.
SumoPowerful
Fri Oct 25 2024
For individuals who are approaching retirement, it is generally advisable to retain their FEGLI Basic.