What happens to my FEGLI Basic Life premium when i turn 65?

Title: What happens to my FEGLI Basic Life premium when i turn 65?

AANSWER: Coverage is free after you turn age 65 or retire (if later).

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

FEGLI in retirement, Expense Reductions at age 65 years old,Life Insurance,FEGLI,Reference (2025 - FEGLI),

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Life Insurance Premiums Are Changing

Title: Life Insurance Premiums Are Changing

Article Snip: "...Rates are going up for Basic, and in some cases for the optional forms of insurance too. In other cases, they’re staying the same or being reduced. These changes reflect updated mortality and claims rates in each FEGLI category. The legislative structure of FEGLI assumes that premium rates are set for each age band independently of the other bands so that each band is financially self-supporting. The government pays one third of the premium cost for Basic and the employee pays two thirds. The employee or retiree pays the full cost of optional insurance..."

Reference: www.govexec.com