Serving Those Who Serve Logo

Archives

Blog Img 6 Fegli Eligibility

Federal Employee Life Insurance: FEGLI Eligibility Requirements Explained

02/21/2024
Understanding FEGLI Eligibility for Federal Employees The FEGLI program covers almost all members of the federal government’s civilian workforce. Military servicemembers can also participate in the group life insurance program. In fact, the only three categories of employees who are ... Read More

Life Insurance for Federal Workers: Eligibility for FEGLI

02/21/2024
Which federal employees are eligible for the Federal Employee Group Life Insurance program? What to know about dropping and adding coverage. When should feds look into private life insurance options? The FEGLI program covers almost all members of the federal ... Read More

Top 5 Steps for Making a Better Financial Future in 2024

01/17/2024
Start the year off right by focusing on a better financial future. Here are some steps you can take now. by STWS Advisor Jennifer Meyer, CFP© At the start of every year, we are focused on how we can improve ... Read More

Things to Consider When Picking a TSP Beneficiary

12/19/2023
What happens if no beneficiary is named when the account owner passes away? What choices are available to spousal and non-spousal TSP beneficiaries? How to ensure you heirs get the highest net amount from your TSP account. One of the ... Read More

FEGLI Living Benefits: It’s All Basic

12/18/2023
FEGLI living benefits allow covered individuals take FEGLI money while still alive The benefits can be taken as a lump sum Living benefits cannot be taken from optional coverage A, B, or C Taking living benefits from the Federal Employees ... Read More

Why FEHB Enrollees May Want to Take Second Look at Medicare Part D

11/15/2023
Inflation Reduction Act makes FEHB enrollees able to benefit from Medicare part D. 17 FEHB Plans will offer a Medicare part D component in 2024. FEHB open season is the time to evaluate the costs and benefits of part D. ... Read More

Convert FEGLI Coverage to An Individual Life Insurance Policy

09/27/2023
FEGLI Participants Can Convert Their FEGLI Coverage to An Individual Life Insurance Policy This is the fourth of four FEDZONE columns during September to help mark the month of September as “Life Insurance Awareness Month (LIAM), as designated by the ... Read More

Federal Pay News: How a Government Shutdown Impacts Feds

09/27/2023
Furloughs, federal benefits, and an update on the annual pay raise for feds. At the time of this writing, the impending government shutdown isn’t official but the likelihood is increasing by the second. The chance of a stop-gap going through ... Read More

FEGLI Program Participants Can Assign Their FEGLI Life Insurance

09/21/2023
Breaking down what FEGLI assignment is and how it works. This is the third of four FEDZONE columns during September that are being presented to help mark the month of September as “Life Insurance Awareness Month” (LIAM) as designated in ... Read More

What is a Viatical Settlement and How Does It Work?

09/14/2023
What a Viatical Settlement is and how it works. In 2003, the nonprofit organization Life Happens created and coordinated “Life Insurance Awareness Month” (LIAM) designating the month of September to remind the American people about the importance of life insurance ... Read More