Premium Refunds For WAEPA Members
Since 1996, the WAEPA Board of Directors has declared 12 premium refunds, returning over $39,000,000 to WAEPA members. This includes a 25% refund of premium for the fiscal year ending March 31, 2008.
Who is eligible for a refund?
WAEPA Members with life insurance coverage in force on March 31, 2008, whose coverage remains in force as of September 1, 2008 - the date of the refund.
How much money do eligible WAEPA members receive?
Your refund is based on the amount of your insurance coverage. You will receive 25% of your annualized premium as of March 31, 2008 the last day of WAEPA’s fiscal year (The exact percentage may vary from year to year).
How much is my premium refund with FEGLI?
FEGLI does not offer premium refunds.
History of premium refunds:
WAEPA continues its long history of Premium Refunds!
WAEPA has refunded over $39,000,000 of premiums to its members since 1996! The chart below illustrates WAEPA’s consistent history of declaring refunds.
Year |
Who |
Return of |
2008 |
All eligible WAEPA members |
25% |
2007 |
All eligible WAEPA members |
25% |
2006 |
All eligible WAEPA members |
25% |
2005 |
All eligible WAEPA members |
25% |
2004 |
All eligible WAEPA members |
25% |
2003 |
All eligible WAEPA members |
10% |
2002 |
All eligible WAEPA members |
25% |
2001 |
All eligible WAEPA members |
25% |
2000 |
All eligible WAEPA members |
25% |
1999 |
All eligible WAEPA members |
25% |
1998 |
All eligible WAEPA members |
25% |
1997 |
Premium rates reduced by |
15% |
1996 |
All eligible WAEPA members |
15% |
Total Premiums Returned: |
$39,000,000 |
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