The worst aspect of FEGLI, in our opinion, is the exorbitant rate increases that occur every five years, especially after age 50.  These rate increases become so prohibitive, that many federal employees after they retire, drop their FEGLI Option B coverage because of the cost.

Protective Life can offer you rates that are locked in:

If you are age 18 to 55 when you apply for coverage, you can receive a 30-year rate guarantee.

If you are age 56 to 65, when you apply for coverage, you can receive a 20-year rate guarantee.

And if you are age 66 to age 70 when you apply for coverage, you can receive a 15-year rate guarantee.