FEGLI Annuitant
Rate Charts.
Current FEGLI premium rates for retirees — Basic coverage plus Options A, B, and C. Rates are effective October 1, 2021. Option B multiples become extremely expensive after age 65 if you elect no reduction. Use these charts to evaluate your coverage before you retire.
Annuitant FEGLI
rates by option.
These are annuitant rates — what retirees pay. Active employees pay different rates; see the Employee FEGLI Rates page for comparison. Premiums for Options A, B, and C are adjusted by age bracket and can become prohibitive, especially for Option B multiples in later years.
FEGLI Basic Life Insurance
Cost per $1,000 of Basic Insurance Amount (BIA) in effect at the time of retirement. Rates may change in the future.
| Age / Period | 75% Reduction | 50% Reduction | No Reduction |
|---|---|---|---|
| Until month after 65th birthday | $0.3467 / mo | $1.0967 / mo | $2.5967 / mo |
| Starting month after 65th birthday | Free | $0.75 / mo | $2.25 / mo |
Understanding Basic reduction options
75% Reduction: Coverage reduces by 75% over approximately 37 months starting at age 65. Premiums stop entirely at 65. You pay nothing and retain 25% of your original BIA for life. This is the most common choice for retirees who have other coverage.
50% Reduction: Coverage reduces by 50% starting at age 65. You continue paying $0.75/month per $1,000 indefinitely to retain 50% of BIA.
No Reduction: Full BIA maintained for life. Premium continues at $2.25/month per $1,000 after age 65. Most expensive option but provides maximum coverage.
Option A — Standard Coverage
Monthly premium for $10,000 of fixed coverage. Premiums stop at age 65 and coverage reduces 2% per month ($200) until it reaches $2,500. Rates may change in the future.
| Age Group | Monthly Premium (for $10,000 coverage) |
|---|---|
| Under 35 | $0.43 |
| 35–39 | $0.43 |
| 40–44 | $0.65 |
| 45–49 | $1.30 |
| 50–54 | $2.17 |
| 55–59 | $3.90 |
| 60+ | $13.00 |
| 65+ (with reduction elected) | Free |
Option B — Additional Coverage (Multiples)
Monthly rate per $1,000 of coverage. Coverage equals your salary × number of multiples elected (up to 5×). Rates may change in the future.
| Age Group | Monthly per $1,000 of coverage | Example: $300K coverage (5× on $60K salary) |
|---|---|---|
| Under 35 | $0.043 | $12.90 / mo |
| 35–39 | $0.043 | $12.90 / mo |
| 40–44 | $0.065 | $19.50 / mo |
| 45–49 | $0.130 | $39.00 / mo |
| 50–54 | $0.217 | $65.10 / mo |
| 55–59 | $0.390 | $117.00 / mo |
| 60–64 | $0.867 | $260.10 / mo |
| 65+ (full reduction elected) | Free* | Coverage reduces 2%/mo for 50 months, then ends |
Option B — No Reduction (Age 65+ rates)
For annuitants who elected No Reduction at retirement — coverage continues but premiums escalate sharply. Monthly rate per $1,000 of coverage. Rates revised 10/1/2021.
| Age Group | Monthly per $1,000 of coverage | Example: $300K coverage |
|---|---|---|
| Age 65–69 | $1.140 | $342.00 / mo |
| Age 70–74 | $1.8630 | $558.90 / mo |
| Age 75–79 | $3.90 | $1,170.00 / mo |
| Age 80+ | $6.24 | $1,872.00 / mo |
Option C — Family Coverage
Monthly rate per multiple. 1 multiple = $5,000 for spouse + $2,500 per eligible dependent child. Up to 5 multiples available. Rates may change in the future.
| Annuitant's Age Group | Monthly per multiple | Example: 3 multiples ($15K spouse coverage) |
|---|---|---|
| Under 35 | $0.48 | $1.44 / mo |
| 35–39 | $0.59 | $1.77 / mo |
| 40–44 | $0.89 | $2.67 / mo |
| 45–49 | $1.28 | $3.84 / mo |
| 50–54 | $1.99 | $5.97 / mo |
| 55–59 | $3.21 | $9.63 / mo |
| 60–64 | $5.85 | $17.55 / mo |
| 65+ (full reduction elected) | Free* | Coverage reduces 2%/mo for 50 months, then ends |
Option C — No Reduction (Age 65+ rates)
For annuitants who elected No Reduction — premiums continue and increase with age. Monthly rate per multiple. Rates revised 10/1/2021.
| Annuitant's Age Group | Monthly per multiple | Example: 3 multiples |
|---|---|---|
| Age 65–69 | $6.80 | $20.40 / mo |
| Age 70–74 | $8.30 | $24.90 / mo |
| Age 75–79 | $11.40 | $34.20 / mo |
| Age 80+ | $15.60 | $46.80 / mo |
All rates effective on or after October 1, 2021. Rates are subject to change. Always verify current rates with OPM before making benefit elections.
FEGLI tools
& references.
OPM rate history, the FEGLI calculator, employee rate comparison charts, and the full FEGLI program overview.