Life Insurance: The Office of Personnel Management administers the Federal
Employees' Group Life Insurance (FEGLI) Program. Nearly all USPS employees receive Basic
Life Insurance coverage, however, there are some exceptions. Substitute Rural
Carriers, Casual or Temporary Employees (including Rural Carrier Associates) generally are
excluded from the program. Full-time employees are covered by an amount of basic insurance
based on their annual basic pay, while part-time employees are covered by an amount of
basic insurance based on multiplying their basic hourly rate.
|
| Basic Life (Free - for postal employees) |
Your basic life insurance
coverage amount depends on your annual basic pay (excludes COLA). Here's how to figure
your total Basic Life Insurance: |
- Take your current annual base pay
- If not an exact thousand, round up to next thousand
- Add $2000 - This is your total basic life
|
| Example: |
- Your annual base pay is $42,323
- Round up to $43,000
- Add $2000
- Total: $45,000 - This is your total basic life
|
| Extra Benefit: |
| Age |
Factor |
Age |
Factor |
| 0-35 |
2.0 |
41 |
1.4 |
| 36 |
1.9 |
42 |
1.3 |
| 37 |
1.8 |
43 |
1.2 |
| 38 |
1.7 |
44 |
1.1 |
| 39 |
1.6 |
45 |
0.0 |
| 40 |
1.5 |
|
|
To figure your total coverage with the extra benefit multiply your total basic life
times the appropriate factor. For example: |
- You are 36 years old
- Total Basic Life (from example above) $45,000
- Multiply $45,000 x 1.9
- Total: $85,500 - Total Insurance
|
| For more information about life insurance
consult the FEGLI Home Page and/or
the Employee
and Labor Relations Manual (ELM 17.9) at USPS.com. |
Life Insurance Handbooks:
FEGLI Life Insurance program booklets and handbooks can
be found at the FEGLI Home Page. |
Life Insurance Forms:
The following forms can be found at the Office of Personnel and Management Web
site: |
- (FE-6) Claim for Death Benefits
- (FE-6 DEP) Statement of Claim - Option C
- (FE-7) Claim for Accidental Dismemberment
- (RI 76-010) Assignment of Life Insurance
- (SF 2817) Life Insurance Election
- (SF 2818) Continuation of Life Insurance
Coverage as a Retiree or Compensationer
- (SF 2819) Notice of Conversion Privilege
- (SF 2822) Request for Insurance
- (SF 2823) Designation of Beneficiary
|
