FEGLI Calculator Houston, TX | American Benefits Specialists

Your name (Optional)

Your current annual basic pay(e.g., 43589 — with no commas or $ sign)

Your present age

How are you paid?

Option B - Additional(Number of Multiples)

Employee Summary for

Calculated on 4/6/2023

Summary Report
Current Annual Rate of basic pay: (rounded to next thousand)	$35,000.00
Payment Frequency:	Bi-Weekly
Age:	60 through 64
Coverage	$212,000.00
Cost Per Pay Period:	$75.92

Total Bi-Weekly Withholding: $75.92
Use this button to return to the previous page and change your elections.		Make additional calculations for life insurance in retirement.

Enrollee Detailed Report
Insurance Select the links below for further details on these types of insurance or options, including changes that will occur with age.	Coverage	Cost (per pay period)	Cost During Term
Basic:	$37,000.00	$5.92
Extra Benefit:	$0.00	No extra cost
Total Basic:	$37,000.00	$5.92
Option B - Additional: Multiples selected = 5	$175,000.00	$70.00
Total:	$212,000.00	$75.92	$75.92
Accidental Death and Dismemberment (AD&D) under Basic:	$37,000.00	No additional cost

Basic Insurance

Basic life insurance is equal to the greater of (a) your annual rate of basic pay rounded up to the next $1,000 plus $2,000 or (b) $10,000. The Federal Government pays one-third of the cost of your Basic life insurance. The U.S. Postal Service pays 100% of the cost of Basic for Postal Service employees. Basic insurance includes the Extra Benefit and Accidental Death and Dismemberment coverage.

Premiums for Basic coverage depend on the amount of Basic you have, not on your age. Federal employees currently pay 15 cents per thousand dollars of Basic coverage.

(For ages 45 and above, there is no Extra Benefit.)

Age at Death	Basic Insurance Amount	Extra Benefit	Total Basic Life Insurance

The Extra Benefit is provided to employees under age 45 at no additional cost. This extra benefit doubles the amount of Basic life insurance payable if you are age 35 or younger. Beginning on your 36th birthday, the Extra Benefit decreases 10% each year until at age 45 there is no Extra Benefit.

Option B - Additional

(Number of Multiples = 5)

You may elect Option B life insurance in an amount equal to one, two, three, four or five times your annual basic pay (after rounding up to the next $1,000). The cost of Option B insurance depends on your age, in five year age brackets. When you have a birthday that moves you to another age group, you will begin paying the premiums for the new age group in the first pay period that starts after your birthday.

Change to the cost of your Option B insurance over time.

Age Group	Cost For Option B Insurance Bi-Weekly	Cost For Option B Insurance Monthly

Accidental Death and Dismemberment (AD&D) Insurance
Accidental Death and Dismemberment coverage provides additional funds in the event of a fatal accident or an accident that results in the loss of a limb or eyesight. For benefits to be paid, the loss must occur not more than one year after the accident and be a direct result of bodily injury sustained from that accident, independent of all other causes. AD&D Insurance is provided at no additional cost. Accidental Death & Dismemberment coverage is an automatic part of Basic and Option A insurance for employees.
AD&D Coverage under Basic:	$37,000.00
AD&D Coverage under Option A:	$0.00
Total Coverage Amount:	$37,000.00
For the loss of:	The Amount Payable is:
Life:	$37,000.00
Two or more of the following: a hand, foot, or the sight in one eye:	$37,000.00
A hand, foot, or the sight in one eye:	$18,500.00

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Reference: U.S. Office of Personnel Management.

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