The guy who does the NATCA-sponsored retirement seminar said FEGLI is a great option if you can't get any other insurance because they can't deny you for any kind of pre-existing condition. However, because they'll accept anyone, they're more expensive than most other insurance plans even after the FAA kicks in for you, so if you can get approved for other insurance that's generally better. Plus the premiums keep going up and up and up as you get older. He said they almost always recommend people get out of FEGLI as soon as possible, except maybe if they're a couple years from retirement and there's not much point.
I have WAEPA, which is cheaper than FEGLI (I'm paying a quarter as much for a little more coverage than before I switched) but also has increasing premiums as you age. NATCA apparently partners with Southern Insurance Group, I haven't looked into them very much.
He said the idea is to put aside enough into your TSP and Roth IRA that you create your own life insurance, as those accounts go directly to your beneficiaries when you die.
I have WAEPA, which is cheaper than FEGLI (I'm paying a quarter as much for a little more coverage than before I switched) but also has increasing premiums as you age. NATCA apparently partners with Southern Insurance Group, I haven't looked into them very much.
He said the idea is to put aside enough into your TSP and Roth IRA that you create your own life insurance, as those accounts go directly to your beneficiaries when you die.