The Fed15 Podcast: FERS Annuity Supplements and Life Insurance

Katelyn and Jen delve into the intricate details of the FERS survivor annuity supplement and explore the complexities of life insurance

The Fed15 Podcast (Ep. 51): FERS Annuity Supplements and Life Insurance

Jen discusses the purpose of FERS survivor annuity supplements and eligibility criteria. She also contrasts the FERS supplement with the FERS annuity supplement, highlighting key similarities and differences.

Then, Katelyn highlights five common mistakes among federal employees in managing life insurance policies. She underscores the importance of assessing coverage needs, offering insights into FEGLI, and exploring alternative solutions.

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***DISCLAIMER – THIS IS NOT FINANCIAL ADVICE***

The Fed15 podcast is presented by Serving Those Who Serve, a financial planning practice serving federal government employees and retirees all over the country.

This podcast is presented for information and entertainment only and is not intended to be taken as financial advice. All listeners should consult their personal advisors before taking any action. The opinions expressed therein are not the opinions of Raymond James or Serving Those Who Serve.

Insurance policies have exclusions and/or limitations. The cost and availability of life insurance depend on factors such as age, health and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications. Guarantees are based on the claims paying ability of the insurance company.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.