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 investment advisors 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.
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.
Whole Life Insurance
Universal Life Insurance
Survivorship Life Insurance
Financial planning services provided by the organization
your peers have trusted for 65 years.
GEBA is a nonprofit employee benefit association created by NSA employees in 1957. Our goal is to offer high quality insurance products at great prices that has our members’ best interests in mind. GEBA has been serving federal employees for over 60 years, and you can count on us to be there for you and your family.
GEBA membership is available to ALL civilian federal employees and retirees, including the military. Membership in GEBA is free and continues as long as you maintain a plan with GEBA.
