How Much Do Federal Employees Pay for Life Insurance?

Most people understand the importance of carrying life insurance. It provides peace of mind and financial protection that keeps your family safe. Life insurance also has a multitude of additional uses, depending on the company and policy. If you are a federal employee who wants to purchase life insurance, costs are probably one of your first concerns. How much will you pay for your life insurance coverage?

Lower Rates for Federal Employees

As you might suspect, federal employees generally pay less to insure themselves than the general population and even state employees. This is in most cases, as noted. Nonetheless, the costs vary from one employee to another and there are still numerous factors that impact the final costs of the policy. Many people enjoy purchasing group term life since it has great protection backed by awesome pricing. You can check out the Federal group term life insurance rates for yourself by requesting an estimate and completing an application.

Federal group term life insurance ratescosts of college

What is a Term Life Policy?

Term life insurance is different than whole life insurance. However, it is available in many amounts so that all needs are covered. Many people use term life insurance to help pay for the cost of a car or costs of college for their kids, but it has many other purposes as well. Term life coverage is set at a fixed rate for a specific period of time. Most term policies are for a period of 20 to 40 years.

Request estimates, compare rates and purchase term life insurance today so you gain the protection that you want and need. The peace of mind that you enjoy is second-to-none and you certainly have a financial advantage that so many others lack. What are you waiting for?