[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR870.202]

[Page 386]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 870--FEDERAL EMPLOYEES' GROUP LIFE INSURANCE PROGRAM--Table of Contents
 
                Subpart B--Types and Amount of Insurance
 
Sec. 870.202  Basic insurance amount (BIA).

    (a)(1) An employee's Basic insurance amount (BIA) is either:
    (i) His/her annual rate of basic pay, rounded to the next higher 
thousand, plus $2,000; or
    (ii) $10,000; whichever is higher, unless an employee has elected a 
Living Benefit under subpart K of this part. Effective for pay periods 
beginning on or after October 30, 1998, there is no maximum BIA.
    (2) The BIA of an individual who is eligible to continue Basic Life 
insurance coverage as an annuitant or compensationer is the BIA in 
effect at the time his/her insurance as an employee would stop under 
Sec. 870.601.
    (b) An employee's BIA automatically changes whenever annual pay is 
increased or decreased by an amount sufficient to raise or lower pay to 
a different $1,000 bracket, unless the employee has elected a Living 
Benefit under subpart K of this part.
    (c) The amount of an employee's Basic Life insurance coverage is 
equal to his/her BIA multiplied by the appropriate factor based on the 
employee's age, as follows:

------------------------------------------------------------------------
                              Age                                 Factor
------------------------------------------------------------------------
35 or under....................................................      2.0
36.............................................................      1.9
37.............................................................      1.8
38.............................................................      1.7
39.............................................................      1.6
40.............................................................      1.5
41.............................................................      1.4
42.............................................................      1.3
43.............................................................      1.2
44.............................................................      1.1
45 or over.....................................................      1.0
------------------------------------------------------------------------


[62 FR 48731, Sept. 17, 1997, as amended at 64 FR 72461, Dec. 28, 1999]