|
Who is eligible to apply for WAEPA's group term life insurance coverage?
Current or retired Civilian U. S. government employees, including non-appropriated fund (NAF) employees and U.S. Postal Service employees are eligible. Spouses, domestic partners, parents, parents-in-law, non-dependent adult children and step-children of current WAEPA members, younger than 65 years of age, may apply for group term life insurance coverage through WAEPA.
May I keep my WAEPA group life insurance coverage if I leave government employment?
Yes. Once insured with WAEPA, there will be no change to your coverage due to a change in your employment status. Your coverage may continue until age 85.
How much insurance coverage may I apply for?
You may apply for up to $750,000 of group life insurance for yourself and up to $250,000 of dependent group life insurance for your spouse. Eligible, dependent children may be insured for up to $25,000 depending on the level of spousal coverage selected. Spousal coverage is limited to 50 percent of the member's coverage.
How are premiums calculated?
Premiums for all coverage are based on your age and will increase every five years when you enter a new age group.
May I pay premiums through payroll deductions?
Currently employed federal workers are eligible for payroll deduction. A direct deposit sign-up form (form 1199A) will be mailed to you after your insurance coverage is issued. Simply complete the form and submit it to your federal payroll office to begin automatic payroll deductions of your WAEPA premiums. Associate members (spouses and family of WAEPA members) are not eligible for payroll deduction.
How do I apply for insurance coverage?
By completing an application and answering the health questions.
Is a medical examination required?
A medical examination may be required (even for members) depending on your age, the amount of insurance for which you are applying, and your answers to the health questions. If a medical examination is required, it will be performed at no cost to you by a medical examiner appointed by WAEPA.
How long will it take to get my insurance?
Please allow up to 12 weeks (even for members) to complete the application process and receive your certificate of insurance.
What if I am not satisfied with my WAEPA group life insurance?
New members who are not completely satisfied -- for any reason - with their WAEPA group life insurance may request a refund of all premiums paid. Refunds are made with no questions asked, provided your request is submitted in writing within 30 days of the effective date of your insurance coverage. |