WAEPA vs. FEGLI
WAEPA Offers Feds More Coverage than FEGLI… for Less
More than 50,000 Feds choose WAEPA over FEGLI. WAEPA provides higher maximum coverage amounts and can often save you money compared to FEGLI.
READY TO MAKE THE SWITCH?
See Why 50,000+ Feds choose WAEPA
We aim to provide a complete and accurate comparison to FEGLI. For exact information please contact FEGLI directly. *Premium refunds are not guaranteed.
WAEPA
Maximum Coverage
$1,500,000
Maximum Spouse Coverage
$500,000
Maximum Children’s Benefits
$25,000
Scholarship Program
Premium Refund Program*
Additional Accident Benefits
Common Carrier Benefit
FEGLI
Maximum Coverage
Based on Annual Salary
Maximum Spouse Coverage
$25,000
MAXIMUM CHILDREN’S BENEFITS
$12,500
Scholarship Program
Premium Refund Program*
Additional Accident Benefits
Common Carrier Benefit
On average, members who switched from FEGLI to WAEPA save over $300 a year.
How much could I save?
It depends on the coverage amount you’re looking for, your salary, and your age. Unlike FEGLI, WAEPA’s coverage amounts are not capped by your salary.
Frequently Asked Questions
As a Fed looking for life insurance coverage, the two primary options you have are WAEPA and FEGLI. It’s important to understand both options to make the right choice for you and your family.
Can I keep my coverage if I leave Federal Service?
Yes! WAEPA’s coverage is portable. It can go with you when you leave the Federal government.
As a WAEPA member
You can keep coverage if you leave your federal employer
No matter what the reason, you can take it with you
With FEGLI, you must remain insured for five consecutive years prior to retirement to continue coverage.
What’s my maximum coverage?
WAEPA provides up to $1.5 million in coverage
Eligible WAEPA members can qualify for up to $1.5 million in Group Term Life Insurance
Associate members can also qualify for up to $1.5 million in Group Term Life Insurance
FEGLI’s coverage amount varies based on your Federal salary and is capped at 5x your salary
Can I get coverage for my whole family?
Yes! WAEPA provides spouse and dependent coverage. We also provide an associate (spouse) membership with additional maximums and benefits.
WAEPA offers:
Associate (spouse) membership eligible for up to $1.5 million in Group Term Life benefits and $6,500 in Short-Term Disability benefits
Dependent spouse plan eligibility up to $500,000 in coverage
Dependent children plan eligible for up to $25,000 in coverage
With FEGLI, Dependent spouses are only eligible for up to $25,000 in coverage and $12,500 in children’s benefits.
What additional benefits do I get if I become a WAEPA member?
There’s a lot of great benefits to being a member – great coverage, exclusive rates, and access to our member programs:
· Scholarship Program
· Pre-retirement Support
· Financial Wellness Program
Disclaimers
FEGLI Option C – when this option is selected, the example will show coverage amounts for one spouse and one child times the multiplier amount selected (1-5). With a multiplier of one, spouses add $5,000 and each dependent child adds $2,500 to the total FEGLI coverage displayed. The calculator does not include coverage amount for additional children.