Better Insurance.
Better Prices.  
Better Value.^®

WAEPA is a non-profit association (not an insurance company) formed during World
War II by Federal Employees, for Federal Employees. Since 1943, WAEPA has been helping federal employees pay less for life insurance while giving them more benefit options for their money.

Better insurance.

WAEPA offers more benefits and higher coverage limits than FEGLI. WAEPA’s insurance program is structured so members can set their coverage according to their needs, not a fixed formula. WAEPA also offers benefits for family members not covered by FEGLI.

Better prices.

For government employees under 60, WAEPA premiums are significantly lower than FEGLI. In addition to competitive rates, WAEPA members have received over $28,000,000 in premium refunds since 1996.

Better value.

WAEPA currently protects over 40,000 federal employees and their families with $8.3 billion of life insurance coverage. 

The critical benefit of all those policies is the ability to safeguard loved ones if the worst should happen. Ensuring that security at the lowest possible cost is the essential value of joining WAEPA.

It has been our mission—and our honored commitment—since 1943.

History of WAEPA

WAEPA was formed in 1943 during World War II to provide life insurance coverage for civilian employees of the U.S. Government who were serving overseas. The original name, War Agencies Employees Protective Association, was changed in 1961 to Worldwide Assurance for Employees of Public Agencies.

In May, 1973, membership was opened to all U.S. civilian government employees, regardless of duty assignment. In January 1999, eligibility was extended to retired civilian federal employees. And in October 2000 non-dependent adult children, parents, and parents-in-law of WAEPA members became eligible for membership.

Over the years, WAEPA has insured over 100,000 federal employees and their dependents. In the past, members were not able to retain their membership and insurance coverage after they retired or left government service. These restrictions have now been eliminated.

Over 40,000 members now belong to WAEPA and life insurance in force exceeds $8.3 billion. During the past fiscal year, over $11,000,000 in benefits were paid to members' beneficiaries, and all members received a 25% return of premium. Plus, since 1996 WAEPA has refunded over twenty eight million dollars in life insurance premiums to members.

WAEPA is a nonprofit association (and not an insurance company) governed by a board of directors, composed of senior level government officials, who serve without pay and at their own expense.

WAEPA's offices are located in Falls Church, Virginia, a suburb of Washington, D.C.