WAEPA, For Feds, Since 1943

Our Mission Begins

War Agencies Employees Protective Association (WAEPA) emerged as an affordable life insurance provider for civilian federal employees serving in war zones during World War 2. These Feds were offered up to $10,000 coverage, based on salary.

Lauchlin Currie Serves as WAEPA’s First President

Currie was named the White House economist under Franklin Delano Roosevelt. He also served as the Deputy Administrator for the Foreign Economic Administration. It was during this time at the FEA that he became a founding member of WAEPA, known then as the War Agencies Employees Protective Administrations. Currie served as WAEPA’s first president from May 1943 until June 1945.

Premium Refunds Launched

Insured members received WAEPA’s first premium refund.

AD&D Coverage Offered

Members were provided $10,000 Accidental Death & Dismemberment (AD&D) coverage for free.

Retirees Received Coverage

Retired members benefitted from insurance coverage.

For Feds and Families

Optional dependent coverage was offered.

We Are WAEPA

War Agencies Employees Protective Association is simply renamed to WAEPA.

Coverage Amounts Increased

WAEPA introduced new group term plans for life insurance, providing up to $300,000 in life insurance for members and up to $100,000 in life insurance for spouses.

Couples Covered Longer

Coverage for members and their spouses was extended to age 75.

More Premiums in Pockets

Premiums were reduced for members age 45 through 59.

Here for Longer

Member coverage was extended from age 75 to age 80.

Premiums Reduced Again

Premiums were reduced for members ages 40 through 74.

Love Birds for Life

WAEPA furthered its protection to members’ and U.S. Government employees’ loved ones by offering spousal coverage.

Coverage Increased Again

Group Term Life Insurance coverage amount increased to $500,000 for members and up to $250,000 for spouses.

Protection for New Feds

Protection with Guaranteed Issue coverage was offered to newly hired federal employees.

New Coverage Milestone

Group Term Life Insurance coverage amount grew to $750,000.

Invested in Education

WAEPA launched its Scholarship Program to financially support insured members’ children.

Insurance Rates Reduced

All members under age 40 benefitted from reduced rates.

World-Class Resources for Federal Employees

WAEPA partnered with the National Institute of Transition Planning (NITP) to host educational webinars for federal employees wanting to learn more about financial and retirement planning.

Reduced Rates Expand

All members age 40 and over benefitted from reduced rates.

Welcoming New York Life

New York Life Insurance Company became the sole underwriters for WAEPA Group Term Life Insurance*. With the change, coverage limits grew from $750,000 to $1.5 million for members and up to $500,000 for spouses.

Financial Wellness with Ernst & Young

WAEPA partnered with Ernst & Young (EY) to provide a Financial Wellness Planning program to members.

Our Group Gathered

WAEPA hosted its first Member Meeting in Washington, D.C.

Living Benefits Launched

Chronic Illness Rider (CIR) Introduced to membership.

Protection for Furloughed Feds

Premiums waived for all members during the historic government furlough.

Paycheck Protection Launched

Group Short-Term Disability Insurance introduced to membership.

Rates Are Reduced

Premiums lowered across multiple age bands and coverage amounts.

QuickDecision Group Term Life Insurance

WAEPA adds QuickDecision to the application process, greatly speeding up the underwriting process.

Expanding Our Membership

WAEPA’s coverage offered to both current and former Civilian Federal Employees.