Browsing: LIFE INSURANCE

Q. I resigned from the federal government after 27.5 years of government service. I was 55 years old, and was told because I did not leave at my MRA with 56 years of service, I would not be eligible for FEHB or life insurance. I was planning to initiate my paperwork for retirement at 58 years old. Am I still eligible for medical/life insurance when I apply for retirement at age 58?

Q. Is there any benefit to postponing my retirement pension when I turn age 62? I am eligible then, as I will have the minimum five years’ creditable service through the Department of Veterans Affairs and four years’ active-duty Army. I plan to continue working in the private sector as long as possible. I would prefer to keep my government health insurance and life insurance, if possible.

Q. I am currently retired and age 63 with a 75 percent reduction of basic life insurance. Can I continue to pay for life insurance at age 65 and beyond? If so, how will this affect the value of my insurance coverage?

Q. I am a civil service, not FERS, retiree. I will be 66 years old on April 19, 2016. I read there is an open season starting for those who would like to increase their life insurance. Is this for active employees only? Is there any way I can increase my basic life insurance now?

1 2 3 8