Individual Life Insurance
Trust GEBA - To Help Provide Security for You and Your Family
GEBA is devoted to serving federal employees, like you, with comprehensive and customized insurance and financial solutions — including Professional Liability Insurance and GEBA’s Emergency Travel Plan. GEBA’s licensed Financial Advisors and Consultants can help you find the coverage that best fits your needs – no charge consultation and no obligation. See the overview below and contact GEBA to discuss your situation.
Consider applying for individual life insurance coverage with GEBA and join more than 16,000 satisfied members of the intelligence community and the broader federal workforce. Membership in GEBA is free as long as you maintain coverage.
Individual life coverage gives you greater flexibility
GEBA’s Group Term Life Insurance isn’t your only option. There are also two basic kinds of individual life insurance, as shown in the chart below:
| TERM | PERMANENT | ||
|---|---|---|---|
| Term Life | Whole Life | Universal life | |
| Premiums | Level premiums for term or policy | Guaranteed level premiums for live | Flexible premiums for life |
| Cash Value | No | Yes | Yes |
| Loans/Withdrawals | No | Yes* | Yes* |
| Coverage | Specific term is defined by the policy selected, generally 5 to 30 years | Life** | Life*** |
| Cash Value Investment Risk | None | Insurance company bears risk | Insured bears interest rate risk |
| Commonly Used For | Income Replacement | Income Replacement Supplemental Income Estate Planning Legacy Planning | Income Replacement Supplemental Income Estate Planning Legacy Planning |
** Provided all premium payments are made and loan indebtedness does not lapse the policy.
*** Cash value must be sufficient to pay monthly deductions or a guarantee needs to have been chosen at enrollment.
