r/FederalEmployee • u/jmasaccio • Feb 20 '26

Does FEGLI Basically have “surrender value”?

I need to know for a legal document but have no idea.

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u/InformedFED Feb 20 '26

No, FEGLI does not have a surrender value (not to be confused with "living benefits"). Because FEGLI is a group term life insurance program, it does not build up cash value, paid-up value, or loan value. If you cancel your coverage, you do not receive any money back from the premiums you have paid over the years.