Worldwide Assurance for Employees of Public Agencies (WAEPA), is a nonprofit association (not an insurance company) formed by federal employees, for federal employees. The goal of WAEPA is to provide access to products and services that promote the health, welfare and financial well-being of its members.
WAEPA was formed in 1943 during World War II to provide access to 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.
In May of 1973, membership was opened to all U.S. civilian government employees, regardless of duty assignment. Over the years, WAEPA has provided access to insurance for more than 100,000 federal employees and their dependents.
Today, more than 44,000 members belong to WAEPA and their in-force life insurance purchased through WAEPA exceeds $10 billion. WAEPA’s Group Term Life Insurance is underwritten by New York Life Insurance Company.