COVERAGE YOU CAN KEEP
Former Feds: Your Federal Service Still Qualifies You for WAEPA Group Rates
WAEPA is a nonprofit association serving current and former Civilian Feds. Apply for up to $1.5M.
Coverage For Current and Former 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’s rates were negotiated using the group buying power of more than 50,000 members.
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 for the group rather than for individuals, so our rates are exclusively priced for current and former Civilian Federal Employees.
Former Feds, You Still Qualify for WAEPA’s Exclusive Coverage
Why Former Feds May Pay Less for Life Insurance from WAEPA
WAEPA was founded in 1943 to serve Civilian Federal Employees, and today, this includes former Feds.
As a former Fed, you may qualify for exclusive life insurance coverage, no matter how long you were in Federal service or when you left. WAEPA’s coverage is fully portable, yours to keep through any additional job or life changes.
More than 50,000 Feds and their families rely on WAEPA to be there for life’s biggest moments.
Why WAEPA if I already have coverage through my employer?
- Employer-provided life insurance is often tied to your job and won’t stay with you once you leave
- WAEPA’s coverage is fully portable, yours to keep even if you change jobs or retire
- WAEPA’s offers up to $1.5 million in coverage that can be added to any existing policy you have to increase your overall level of protection
Before You Choose Private, Compare
As a former Federal employee, you’ve expanded your horizons since leaving the government, which may include your life insurance options.
You have your pick of private-sector life insurance providers, but you might still save with WAEPA’s exclusive rates. Your years of Federal service qualifies you to apply for our life insurance coverage.
Here’s how much a 44-year-old man* might save on $500,000 in WAEPA coverage, using savings examples drawn from publicly available 20-year level term estimates:
| Compared to | Estimated Savings |
|---|---|
| Nationwide | $324.28 |
| Prudential | $329.88 |
| Progressive | $435.48 |
Former Civilian Federal Employees may still qualify for WAEPA coverage and other benefits once reserved for current Feds. WAEPA coverage is portable, so it can stay with you through job changes.
The WAEPA Difference
our life insurance coverage is available exclusively to eligible Civilian Federal Employees, both current and former
by New York Life Insurance Company
if you’re completely satisfied with your coverage, simply return it for a full refund of any premium paid.
Frequently Asked Questions
How are premiums calculated?
Premiums for all coverage are based on your age and will increase when you enter each new five-year age group. View the Complete List of Rates for all ages and amounts of coverage available.
Does WAEPA’s coverages and rates vary by age?
WAEPA Group Term Life Insurance member rates change in five-year increments and the maximum amount of coverage available begins to reduce starting at age 60. To view our complete list of rates for all ages and amounts of coverage available, visit our Rates page.
Is there a minimum amount of time I needed to have worked in the Federal government to be eligible?
No. There is no minimum time requirement of service to become a WAEPA member. You must simply be a current or former Civilian Federal Employee.
Am I paying the same amount as a current Fed?
Yes. WAEPA is excited to extend our membership and exclusive rates to former Civilian Federal Employees.
How does this coverage compare to private-sector term life insurance?
The example above is illustrative. You’ll need to check your personal estimate for an exact figure.
Can I keep this coverage if I change jobs again?
Yes, WAEPA’s Group Term Life Insurance is fully portable, yours to keep through any job or life change.
Do I need a medical exam to apply for this coverage?
WAEPA is proud to offer QuickDecision underwriting. With this process, eligible applicants can apply for coverage and may be approved without a medical exam or blood work.
Applying is Simple!
Once you determine the coverage amount for your needs, it’s simple application process to get approved for a WAEPA policy. Our straightforward process ensures you’re guided every step of the way.
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
Most applicants apply online and receive a decision in minutes, without any medical exam or blood test.
If additional review is needed, our underwriting team may request more information to complete your application. This process can take 4–6 weeks depending on the information required.
What Happens Next?
Applicants who receive an immediate decision will see their result at the end of the application process. If additional review is needed, we’ll notify you by email or mail once your application has been reviewed.
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
M-Th 8:30 a.m. – 6:30 p.m. ET
F 8:30 a.m. – 5 p.m. ET
WAEPA IS THE NAME FEDS HAVE TRUSTED SINCE 1943
Reliably 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.
Disclaimers
Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form GMR-FACE/G-30280-0.
WP-FF-COMP-0526-29
*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 and Utah 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.