With this online calculator you can rapidly and conveniently:
Enter the information below and click on the Calculate button to get a report on those choices. You may want to look at your paystub or the FEGLI code on a Notification of Personnel Action (SF 50) and model the actual FEGLI coverage you currently have. You can then change your choices to see what difference the change(s) would make on the coverage and premiums. You will also be able to make a second calculation to see what would happen to this insurance coverage following retirement.
| Item | Value | Item | Value |
|---|---|---|---|
| Annual Salary: | Current Age: | ||
| Pay Period: | Retirement Age: | ||
| Basic Reduction: | Postal Employee: | ||
| Option A: | Option B Multiples: | ||
| Option B No Reduction: | Option C Multiples: | ||
| Option C No Reduction: | Total Coverage: |
| Item | Before Age 65 | At Age 65 and After |
|---|---|---|
| Basic Insurance | ||
| Option A | ||
| Option B | ||
| Option C | ||
| Total Monthly Cost |
| Age | Salary | Basic Amount | Option A | Option B | Total FEGLI Coverage | Option C | Bi-Weekly Premium | Yearly Premium | Cumulative Premium |
|---|