FEDERAL EMPLOYEES
Life Insurance for Federal Employees
Life Insurance Federal Employees Can Count On
As a federal employee, you understand how important security is—not just for our great nation, but for your family as well. With life insurance tailored for federal employees, you can bring peace of mind home. It's about more than just support; it's about protecting your loved ones.
A History of Service, Trust & Reliability for Federal Employees
American Fidelity was founded in 1956 by decorated WWII Marine Charles Woodbury. Serving as a combat aviator instilled Mr. Woodbury with the purpose, commitment, and values that fuel our great nation. From day one, our goal was to provide those who serve our country with life insurance policies that match the respect they deserve for the job they do.
Protection Past FEGLI
AmFi life insurance policies offer more coverage than your standard FEGLI. They are designed to adapt to your changing life stages and personal circumstances, ensuring comprehensive protection that grows with you. With AmFi, you can rest assured that your loved ones will be prepared for anything.
Why Choose AmFi?
upholding those values in everything we do.
Our Federal Employee Coverage Plans
Don’t leave your loved ones’ future to chance. Start by understanding the differences to find the perfect plan
Term Life | Universal Life | |
|---|---|---|
Term life insurance is a type of policy that provides coverage for a specified period, ranging from 5 to 20 years. | A universal life policy pays a death benefit whether you die tomorrow or live to be 100. These policies offer a range of benefits beyond just a death benefit. | |
How Long Does It Last? | You can hoose between 5, 10, or 20 years of coverage with a guaranteed payout. | A permanent life insurance policy offers coverage for the duration of your life, as long as premiums are paid. |
What Can It Cover? | Term life insurance replaces your lost income during crucial moments like raising children or paying off the mortgage. | In addition to a death benefit, it provides additional financial benefits, such as a tax-free cash accumulation. |
How Much Does It Cost? | Our plans begin for as low as $9/month. | Our plans are unique based on your needs. Though more expensive than a term policy, universal offers flexible payment options. |
Who Should Get It? | Our Term Life policy is only available for those in good health between the ages of 20-50. | Our universal life policies require medical exams that will help determine your eligibility and premiums. |
<a href="https://amfilife.com/term-life-insurance/">Get Approved in minutes</a> | <a href="https://amfilife.com/permanent-life-insurance/">Learn More</a> |
How Federal Employee Life Insurance Works
Life insurance is a contract in which you, the policyholder, pay monthly fees in exchange for a payout in the event of your death. This payout is given to your designated beneficiaries (your spouse, children, or other loved ones) to fund end-of-life expenses, outstanding debts, or daily life.
Depending on the policy you choose, you may also have access to additional benefits, such as cash value accumulation and investment opportunities.
We specialize in serving the unique
needs of these communities
We hold deep roots with our service members and feel proud to share this open letter written and signed by top Generals and Admirals of our armed forces.
Active Duty & Veterans
AmFi is a founding underwriter of the Servicemembers’ Group Life Insurance (SGLI) and we support our active duty and veteran communities.
Federal Employees
Whether you work for a federal agency or in a commissary on base, we protect the financial future of all those who serve our country.
First Responders
First responders put their lives on the line every day in service of their communities. You protect us and our families. We protect you and yours.
National Guard
Just like you respond to the needs of our country, we support the evolving needs of your family’s financial future with world-class insurance products.
Active Duty + Veterans
By choosing AmFi, you can create that very same comfort and protection you provide, back to your cherished loved ones at home.
Federal Employees
Just as you provide security on the job, you can also protect your family’s financial security at home.
First Responders
We’re here for you, just as you’re here for us. Experience peace-of-mind while you protect your family’s financial future.
National Guard
Take care of your family’s well-being by considering the life insurance member benefits offered through your state National Guard association.
Frequently Asked Questions from our Federal Employee Community
FAQ
Term life insurance provides coverage for a specific period and offers a death benefit if you pass away during the term. Universal life insurance, on the other hand, provides lifelong coverage and offers a death benefit alongside the potential to accumulate cash value.
Most adults who are in good health can apply for life insurance. Adults under the age of 59 are eligible for universal life insurance policies. Only individuals between the ages of 20 and 50 are eligible for term policies. You may not be eligible for life insurance if you have cancer, heart conditions, or other life-threatening medical conditions or lifestyle habits.
Absolutely! We pride ourselves on being there for you when you need us. We process claims in less than 24 hours and typically have the cash in your bank account within 3 days.
Members with SGLI coverage have two options if they want to convert their life insurance after their service ends. The first option is that they can convert their SGLI to VGLI, a renewable term insurance that has no cash value that builds over time and has premiums that can increase over time, making it a more expensive option long-term. The second option is that they can convert their SGLI to an individual commercial policy with providers like American Fidelity. American Fidelity’s coverage is meant to provide a more permanent alternative that keeps your costs low and provides full benefits, including cash accumulation.
SGLI is issued to active-duty service members, and once these service members are discharged, they have 120 days during the military separation period to transfer to either VGLI or a commercial permanent policy. Additionally, Retired Reserve soldiers are typically not eligible for SGLI and must convert to one of these options. You cannot convert SGLI to both VGLI and individual commercial life insurance at the same time. However, there is nothing preventing you from converting to one and separately obtaining the other. Converting your SGLI to a VGLI policy can be cost-effective at first, but over time, it doesn’t provide any living benefits and gets more expensive as you grow older. Our universal life insurance policy allows you to stay covered at a fixed rate and offers living benefits like cash accumulation.
To convert from SGLI to an individual permanent insurance policy with providers from participating companies like AmFi, you must also convert within 120 days of the date of separation from the military. After this period, you still have an additional year to convert, but you would have to show proof of insurance and good health to convert if it’s past the initial 120-day period.
Policies with AmFi start at $9 per month. The exact amount you pay each month (your premium) is determined by your choices in the coverage amount and length of term, as well as your age, health, and lifestyle choices.
No. With our 5, 10, and 20-year term policies you will be charged the same amount every month for the duration of your policy. When the policy expires, your rate may change based on age and insurability at that time.
We sure do. We don’t advise canceling your policy because your coverage will lapse, but if you cancel within the first 30 days, then we will issue you a full refund. If you cancel after the initial 30 days, then we’ll simply stop charging you.
In addition to life insurance coverage, this policy grows cash value that isn’t taxed right away. This cash asset is a tremendous advantage of our universal policies.
Please contact our office or one of our agents to discuss the universal life insurance policy and to see whether this is the best policy for your needs.
Just like with all our policies, the death benefit is completely tax free. The universal policies accumulate cash value that is tax-deferred. Please contact our team to learn more.
The Policy Owner must complete the appropriate form for the requested change. Forms may be downloaded and printed from the Forms Link after logging in. The Policy Owner may also contact a Service Representative at the Home Office or send us a message through our Contact Us page.
You may contact a Service Representative or register online. By registering online you will be able to view premium payments, make withdrawals and much more. Click here to register.
Upon the death of the Insured, you will contact the Home Office Claims Department to report the death. Be prepared to advise us of the insured’s name, the date and cause of death, and the name, address, and telephone number of the person who should be contacted. A Claimant’s Statement and additional information on how to file a death claim will then be sent to the named beneficiary(ies). You may click the “Claims” link at the top of this page to download the Claimant’s Form and instructions.
Please contact our office immediately to update your banking details and ensure that your valuable coverage isn’t lost.
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