eli5 federal employee group life insurance (FEGLI) open season

180 views

I was looking around for a reason why FEGLI isnt a yearly open season, and i couldn’t find anything. It makes sense in a way to me i just can’t find any actual sources that explain the why. Not looking for advice to leave it or anything (what most posts are about) but just an actual reason that they don’t have a scheduled open season, but instead rely on “when the feel like it” scheduling. Any opinions or sources would be great as i can’t find anything myself.

Again i would like to make sure this is clear i understand how it works i just want to know the why it works this way.

In: 6

2 Answers

Anonymous 0 Comments

You don’t necessarily need frequent open seasons when there are some many qualifying life events. Think about when you’d need insurance…getting married, getting divorced, having a baby, baby grows up and leaves, child dies, etc…all of which are reasons that cause people to opt in are QLEs.

You are viewing 1 out of 2 answers, click here to view all answers.