To carry your FEGLI life insurance coverage(s) into retirement you must have been enrolled in FEGLI for the five years before your retirement, or from your earliest opportunity to enroll. If you don’t meet that requirement, you cannot continue coverage.

If you are not eligible to (or do not want to) continue your FEGLI coverage into retirement, you must either drop the coverage or convert it to an individual policy.

If you continue carrying FEGLI coverage into retirement:
* For Basic coverage, you will have a choice of continuing coverage at the current level or electing to allow it to reduce, starting at age 65, to 25 percent or 50 percent of its current level, with premiums varying according to the choice you make.
* For Option A, you continue paying premiums until reaching age 65, after which premiums stop and the value of your insurance will drop by 2 percent per month until it reaches 25 percent.
* For Option B, you can continue unreduced coverage and at age 65 will have the option of keeping the coverage in effect or to stop paying premiums and allow the value of insurance to drop by 2 percent per month until it reaches 25 percent.
* For Option C, you can continue unreduced coverage and at age 65 will have the option of keeping the coverage in effect or to stop paying premiums and allow the value of insurance to drop by 2 percent per month for 50 months, at which time coverage will end.

You may cancel or reduce life insurance after retirement but may not increase it unless you are reemployed by the government.