Federal Employees Group Life Insurance (fegli)
Definition of "Federal employees group life insurance (fegli)"
Plan administered through a primary private life insurer and reinsured through other private life insurers, providing a death benefit equal to:
- one year's salary for active employees at least age 45 until they reach age 65;
- two years' salary for active employees age 35 and under.
Popular Insurance Terms
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Combination of coverages from property, liability, health, and life insurance into a single insurance policy from one insurance company. ...
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Base upon which a mortality table is built by beginning with a randomly selected group of people who are alive at the earliest age for which statistics are available on the number of people ...
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