Title: What happens to my FEGLI Basic Life premium when i turn 65?
According to OPM, on the date of this posting (1/7/2025), your 'Option A - Standard' effective at the end of the month after the month in which you become age 65 or retire (if later), your Option A coverage will reduce by 2 percent of the pre-retirement amount per month until it reaches 25% of the pre-retirement amount ($2,500.00). Coverage is free after you turn age 65 or retire (if later). You cannot choose No Reduction for Option A. Reference: The Federal Retirement News and Reference Source
More Reading: FEGLI in Retirement: Here’s the One Thing to Avoid; stwserve.com
