Life Insurance Options, Plans & Protection
A Promise Kept.
Life Insurance is for the ones you promise to protect
No one really wants to think about life insurance. But if someone depends on you financially, it’s something you can’t avoid.
In the event of a tragedy, life insurance proceeds can:
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Help pay the bills and meet ongoing living expenses
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Finance future needs like your children’s education
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Pay off outstanding debt, including credit cards and the mortgage
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Protect a spouse’s retirement
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Pay for funeral costs and other final expenses
Getting life insurance doesn’t have to be hard. Regardless of your situation, we can help you determine the right amount for you.
WHEN POLLED
84 %
OF AMERICANS
said that most people
need life insurance
However, 4 in 10 don’t
own any type of
Life Insurance.
Why Government Employees Should Consider Term Life Insurance over FEGLI Option B
Are you a government employee exploring your life insurance options? While FEGLI Option B may be the default choice, term life insurance offers several advantages backed by statistics. In partnership with FedAdvantage, you can find the best term life insurance policy suited to your needs
01
Customized Coverage
Term life insurance empowers you to personalize your coverage based on your unique requirements. Unlike FEGLI Option B, which is tied to your salary, term life insurance allows you to select a coverage amount that aligns with your family's financial goals. Whether you aim to cover a mortgage, secure your children's education, or provide for your spouse's retirement, term life insurance gives you the flexibility to tailor your coverage.
02
Cost-Effective Premiums
Statistics from a report by the National Association of Insurance Commissioners (NAIC) confirm that term life insurance is consistently more cost-effective than FEGLI Option B. According to NAIC data, the premiums for term life insurance policies are often significantly lower, allowing government employees to save a substantial amount of money while ensuring their family's financial security
(Source: National Association of Insurance Commissioners, "Life Insurance Buyer's Guide" 2022).
03
Portability and Independence
Another significant advantage of term life insurance is its portability. While FEGLI is contingent on your federal employment, term life insurance policies remain in force even if you leave your government job. This continuity ensures that your family's financial security isn't compromised by your employment status.
04
Competitive Market
Term life insurance is provided by various private insurance companies, fostering a competitive market that benefits consumers. Government employees can take advantage of this competition by working with a broker like FedAdvantage, who can offer term life insurance through multiple A-rated or better insurance companies. This ensures that you can find the best price and the most suitable coverage.
Want to Make the Switch
Complete the form and we can provide you with a quote for term life insurance.