WAEPA, www. waepa.org, a non-profit association dedicated to serving federal employees, has once again declared a premium refund as a result of its continuing growth in policyholders (57 consecutive years and counting), and its strong financial position:
- 25 percent life insurance premium refund for WAEPA policyholders
- Sixteenth premium refund since 1996 - over $65,000,000 in returned premiums
- WAEPA policyholders will receive over $7,000,000 in refunds during September 2012 alone
- How many refunds have you received from FEGLI? If you answered none, you would be correct.
Why Federal Employees, just like you, choose WAEPA
- Higher coverage limits ($25,000 to $750,000) than FEGLI. (FEGLI basic coverage is determined by your annual pay).
- More coverage for your dependents - up to $250,000 for your spouse. (The FEGLI maximum is $25,000).
- Coverage ($25,000 to $750,000) for your non-dependent adult children. (A benefit not offered by FEGLI).
- WAEPA offers significantly lower premium rates than FEGLI - as much as 89 percent less.
- Plus, WAEPA has just recently reduced premiums for federal employees under the age of 40.
- Less expensive coverage for your spouse and dependent children - as much as 43 percent less.
- Eligibility for future WAEPA premium refunds.
- No change in WAEPA coverage if you leave government service.
- Your children will be eligible to apply for WAEPA's College Scholarship Program - over $120,000 in annual awards.
The Bottom Line is that...
...WAEPA enables federal employees, and their families, to purchase better life insurance at far better prices. As a superior alternative, or supplement to FEGLI, WAEPA gives its members more coverage, more benefits and greater flexibility - yet costs much less. Visit the WAEPA Online Savings Calculator to see how much YOU can save!
Act Today! (And Become Eligible for Future WAEPA Premium Refunds)
- It's easy to apply - just submit an online application.
- Call 1-800-368-3484 to speak with a Customer Services Representative. As a non-profit association, WAEPA does not use agents or telemarketers.