Sunday, April 18, 2010

News : Life insurance may become more accessible for government employees

Life insurance may become more accessible for government employeessource : netquote.com
Tuesday, January 5, 2010


New rules would make it easier for enlisted and civilian government employees to buy life insurance, even if they are overseas


The federal government's Office of Personnel Management has proposed new rules to make life insurance more available for government employees stationed abroad., GovExec.com reports.


The Federal Employees Group Life Insurance program, or FEGLI, would be newly opened to federal employees who are called into active duty in the National Guard or Reserves. At present, military members only have access to the Servicemembers Group Life Insurance program; under the new rules, government workers would be able to maintain FEGLI coverage for up to two years. The government would foot the cost for the first year and the servicemember would pay in the second year. ...

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