Even if your family can make it through the first few months, you may need GEBA to protect them beyond.
Pennies a day can help save your family from financial heartbreak in the future. 43 cents a day for $100,000 in coverage is all it takes to help protect your family in the event of an unexpected death.
Cost per day of 43 cents for $100,000 in coverage based on $156/year premium divided by 365 days for an applicant age 41-50. See our 2020 Rate Chart
for complete pricing.
GEBA vs. FEGLI
Did you know that about half of Americans with insurance are underinsured? People with only group term life insurance have an average coverage gap of $225,000.* FEGLI alone may not be enough. Especially since you can't take it with you if you leave your job. GEBA offers Group Term Life Coverage you can keep, even if you leave the federal workforce. Interested in how they stack up? See the difference with our GEBA vs. FEGLI calculator or read more here.
GEBA's Group Term Life Insurance^ Includes
- Coverage up to $600,000 for eligible members. Up to $300,000 for spousal coverage
- $20,000 in coverage for dependent children
- Coverage you can keep when you retire or leave your job
- Guaranteed coverage up to $50K
- Acts of War and Terrorism
GEBA's Group Term Life Plan, with coverage issued by New York Life Insurance Company, was designed to help your family realize their hopes and dreams for the future in the event of your death. Your Term Life Plan will help provide money for the mortgage, for the college education you want for your children or to help ensure your partner can retire in comfort, even when you're not there.
Contact GEBA Representatives Today to Learn More
Eric Edwards - Financial Advisor
Rachel Perez - Financial Consultant
^Group Term Life Insurance plan underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy form GMR.
New York Life's state of domicile is New York, and NAIC ID # is 66915.
New York Life is licensed/authorized to transact business in all 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability.
**Source: 35% of families financially impacted data from 2018 Insurance Barometer Study, Life Happens, and LIMRA.