BENEFITS THAT GO BEYOND FEDERAL SERVICE
Former Feds, Apply for WAEPA’s Exclusive Group Term Life Insurance Coverage
WAEPA offers current and former Civilian Federal Employees up to $1.5 million in Group Term Life Insurance, with typically no medical exams.
Former Civilian Federal Employees are eligible for benefits once reserved for current Federal Employees. This exclusive coverage gives you access to benefits you won’t find in other life insurance policies. Group Term Life Insurance is a smart option to plan for your financial future. WAEPA can help protect you and your loved ones for years to come.
COVERAGE DESIGNED FOR 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.
Is Group Term Life Insurance right for you?
Life insurance is one of the most important ways to safeguard the future of your family.The right policy can help your family handle the financial realities they may face upon an untimely death.
Purchasing life insurance with WAEPA may be right for you if:
- You have a significant other, children, or family members to protect financially.
- You’re worried about your future health.
- You have considerable debt.
- You have assets to protect, such as a house or condo.
And with WAEPA you can:
- Save money on your premiums
- Get up to $1.5 million in coverage
- Feel safe withreliable protection that you can secure in as little as 30 minutes
Determine if You’re Eligible
As a Former Fed, you are eligible for this coverage no matter how long, or how long ago, you were in Federal service.
The WAEPA Difference
Exclusively for Current and Former Civilian Federal Employees
Your years of Federal service qualifies you to apply for our life insurance coverage. This benefit is available exclusively to eligible Civilian Federal Employees, both current and former. You can apply for up to $1.5 million in coverage, regardless of your salary. We’re confident that you’ll be satisfied with your coverage.
Coverage You Can Count On
You’ll have 30 days to decide if the policy lives up to your expectations. If you’re not completely satisfied, simply return it, without claim, for a full refund of any premium paid.
Exclusive Product Benefits
Up to $1.5 Million in Benefits
Unlike employer-sponsored coverage such as FEGLI, your benefit amount is not tied to your salary. Choose as much or as little protection as you’d like. Benefits start at $25,000 and go up to $1.5 million.
Portable Coverage
WAEPA’s coverage is portable. Your coverage is yours to keep even if you change jobs or retire.
Living Benefits
Prepare for the uncertainty of future health by adding a Chronic Illness Rider to your policy.
How Much Coverage Should I Consider?
Coverage Considerations
Your coverage needs are unique to you and your family. To understand your needs, you should consider several factors including:
- Your current and future expenses
- Your financial role in your family
- Your debt
- Your family’s financial future
Two Ways to Secure Peace of Mind
Apply for up to $1.5 million in Group Term Life Insurance, often with no medical exam required
Many applicants receive a decision in minutes, often with no medical exam or blood test required. The application is fully online and can be completed in just a few steps.
For some applicants, additional review may be needed to complete the application. This process may include requesting more information, medical records, or a medical exam and typically takes 4–6 weeks.
Applicants who require additional review remain eligible for coverage, and our team will guide you through each step to help ensure your policy is set up correctly, helping protect your family for the long term.
Looking to determine exactly how much coverage will cost you?
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-GTL-0625
*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.