Federal Employees Group Life Insurance premiums for FEGLI enrollees at older ages will increase slightly in January 2004-and again in 2005-as part of a phased-in set of increases. The increases affect Option B, which provides optional insurance of up to five times salary, rounded to the next $1,000. The monthly rate at ages 65-69 will hold steady at the current $1.538 per $1,000 in 2004 but will increase to $1.56 in 2005. The monthly rate at ages 70-74 will increase from the current $1.885 per $1,000 to $2.232 in 2004 and $2.60 in 2005. The monthly rate at ages 75-79 will increase from the current $2.318 per $1,000 to $3.098 in 2004 and $3.90 in 2005. The monthly rate at ages 80 and above will increase from the current $2.752 per $1,000 to $3.965 in 2004 and $5.20 in 2005. Retirees pay the premiums monthly; those still actively employed at those ages pay at the same overall rate but make their payments biweekly.