John Mica: “The Federal Employees Life Insurance Improvement Act will provide valuable benefits to our Federal workers and their…”

“The Federal Employees Life Insurance Improvement Act will provide valuable benefits to our Federal workers and their families. For the first time since 1954, Federal employees will have the opportunity to consider something other than term insurance as a plan for their family's financial future and security. They will be able to carry more insurance on themselves into retirement, I believe at very reasonable and competitive costs, and they will be able to increase the coverage for their dependents. This also will provide substantial benefits for our Federal retirees, who sometimes are lost without insurance coverage or see decreasing or diminishing value of their insurance coverage.”