This Basic Group Term Life Insurance plan gives federal employees the opportunity to purchase substantial life insurance protection at affordable group rates to help ensure their loved ones' financial comfort should an unexpected event occur.
Coverage amounts up to $300,000 for you and your spouse ($1,000,000 if combined with the 10-Year Level Group Term Life Insurance Plan).
Guaranteed Acceptance opportunities (see “How do I obtain coverage?” in the FAQ section).
Accelerated Death Benefit feature (This means you can receive up to 50% of your benefits while you are alive if you are diagnosed with a terminal illness).
Double Indemnity for death that results from a covered accident plus an additional 40% Line of Duty benefit and partial benefits paid for dismemberment.
Coverage available for your children.
Coverage is underwritten by New York Life Insurance Company (New York, NY 10010) which has received the highest ratings for financial strength from some of the insurance industry’s leading independent rating services including Moody's Investor Service (Aaa), Standard & Poor's (AAA), Fitch Ratings (AAA), and A.M.Best (A++).*
*Individual Third Party Ratings Reports (as of 6/16/09)
Email Page
