Four Options Are you prepared for the unthinkable? Even in an ideal world, things can happen that will have a devastating impact on your family. It could be a car accident, heart attack or sudden illness. You cannot prepare for the emotional impact these events can have, but with the help of the Federal Government Employee Life Insurance, you can prepare for your family’s financial future. The Basic FEGLI Option:This plan is provided by default to Federal Government Employees. The benefit payout is set on the employee’s annual base salary, rounded up to the next thousand-dollar level, and then another $2,000 is added.Cost is $0.325 monthly per $1,000 of benefit.For an employee making $47,750 per year, the benefit would be $50,000.FEGLI Option A:Similar to the above, but it provides an additional $10,000 worth of coverage.Cost is variable based on age – the price will go up as the employee gets older.FEGLI Option B:This provides a much higher payout benefit – up to five times the amount of the employee’s annual salary.Cost will vary based upon age as well as the multiplier amount selected.Cost will increase as the employee gets older.FEGLI Option C:This plan is intended for those seeking to get coverage for their family members. Similar to Option B, this plan provides a benefit in the event of the employee’s death – up to five times the amount of the employee’s salary. Beyond that, this plan offers coverage in the event of the death of the employee’s spouse or a dependent child.Benefit for the death of a spouse will be in multiples of $5,000, up to a maximum of $25,000.Benefit for the death of a dependent child will be in multiples of $2,500, up to a maximum of $12,500.