GROUP TERM LIFE INSURANCE
Exclusive Coverage for Feds and Their Families
WAEPA offers current and former Civilian Federal Employees up to $1.5 million in Group Term Life Insurance. Imagine the peace of mind you’ll have, knowing you’ve safeguarded the future for your loved ones.
Group Term Life Insurance is a smart option to plan for your financial future. WAEPA can help protect you and your loved ones for years to come.
COVERAGE DESIGNED FOR FEDS
Understanding Group Term Life Insurance
Group Term Life Insurance is a type of life insurance where one contract covers multiple people or a group of people. This allows for group rates for each policy issued under a single contract.
WAEPA offers Group Term Life Insurance* to current and former Civilian Federal Employees as its primary life insurance option and Guaranteed Issue Group Term Life to new Civilian Federal Employees—within the first year of service.
WAEPA’s rates are calculated across the entire group of you and your colleagues rather than for individuals, so our rates are exclusively priced.
Is Group Term Life Insurance right for you?
Life insurance is one way to help safeguard the future of your family.
The right policy can help your family handle the financial realities they may face upon an untimely death.
Purchasing life insurance with WAEPA may be right for you if:
- You have a significant other, children, or family members to protect financially.
- You’re worried about your future health.
- You have considerable debt.
- You have assets to protect, such as a house or condo.
And with WAEPA you can:
- Save money on your premiums
- Get up to $1.5 million in coverage
- Feel safe with reliable protection
Determine if You’re Eligible
WAEPA coverage is available to current and former Civilian Federal Employees. This includes both non-appropriated fund (NAF) employees and U.S. Postal Service employees under the age of 70.
The WAEPA Difference
Exclusively for Current and Former Civilian Federal Employees
Our life insurance coverage is available exclusively to eligible Civilian Federal Employees, both current and former. You can apply for up to $1.5 million in coverage, regardless of your salary. We’re confident that you’ll be satisfied with your coverage.
Coverage You Can Count On
You’ll have 30 days to decide if the policy lives up to your expectations. If you’re not completely satisfied, simply return it, without claim, for a full refund of any premium paid.
Product Benefits
Exclusive Rates
Members switching from FEGLI to WAEPA typically save more than $300 a year.
Portability
Keep your coverage if you retire or leave the Federal government.
No Salary Cap
WAEPA offers up to $1.5 million in coverage. FEGLI’s coverage is capped at 5x your Federal salary.
Coverage Considerations
Your coverage needs are unique to you and your family. To understand your needs, you should consider several factors including:
- Your current and future expenses
- Your financial role in your family
- Your debt
- Your family’s financial future
QuickDecision
QuickDecision** is an automated underwriting process that allows eligible prospective applicants to receive a decision in minutes. The standard underwriting process can take over 30 days, but with Quick Decision there is no medical exam, lab work, or doctor’s visit required.
- Applicants under age 50, applying for up to $1,000,000.
- Applicants ages 50-59, applying for up to $750,000.
Looking to determine exactly how much coverage will cost you?
Applying for Life Insurance
Once you determine the coverage amount for your needs, it’s a simple application process to get approved for a WAEPA policy.
Apply for Coverage
Complete your application online. Make sure you have important information available before you start: beneficiaries, Social Security Number, medical history, and payment info.
After Applying
Applicants under 50 years old, who are applying for up to $1 million, as well as applicants under age 60, applying for up to $750,000 may qualify for QuickDecision and receive a decision in minutes. The standard application process can take 4-6 weeks.
Decision
Applicants who qualify for QuickDecision, may receive an answer at the end of the application process. Applicants going through the standard process will be notified by email if approved or by mail if not approved.
QUESTIONS?
We’re Here to Help
If you’re unsure of your coverage needs or need help with the application process, our dedicated team of specialists is available to help you.
Give Us a Call
Our team is available at (800) 368-3484.
Monday through Thursday 8:30 a.m. – 6:30 p.m. ET
Friday 8:30 a.m. – 5 p.m. ET.
WAEPA IS THE NAME FEDS HAVE TRUSTED SINCE 1943
Backed by New York Life Insurance Company
Extend Your Coverage with Policy Add-Ons
We can’t always predict the future, but we can protect it. Add a Chronic Illness Rider to your life insurance policy, and you’ll have the ability to collect up to 50% of your benefit amount (with a maximum of $500,000) if you become permanently chronically ill.
Eligible spouses of WAEPA members are welcome to apply as an Associate (Spouse) Member and can receive up to $1.5 million in coverage on their own policy. Spouses and children are also eligible for dependent coverage up to $500,000 and $25,000 respectively.
Your life insurance needs may look different in three, five, or 10 years. Adding an Automatic Benefit Increase Rider allows your coverage to increase by $25,000 every year, automatically, for up to 10 years. It’s a plan for tomorrow, today.
Disclaimers
WP-GTL-0324
*Group Term Life Insurance is not available in the following U.S. Territories: American Samoa, Northern Mariana Islands, U.S. Minor Outlying Islands, Micronesia, Marshall Islands, and Palau.
**New York residents are not currently eligible for QuickDecision.
***Louisiana residents: please contact WAEPA Member Services at (800) 368-3484 for more information on applying for coverage.
****Michigan residents: I understand that I may use a producer/agent to assist me with the completion of this application at no cost to me.