What my Family Needs to Know at my Death

For many, acquiring a life insurance policy can be uncomfortable due to the morbid nature of the planning, and all of the considerations that come into play as part of the process. However daunting it may seem, though, it is a necessary tactic in the overall strategy you should have in place when working to…

Evaluating Life Insurance Coverage Outside of Open Season

While it’s not Open Season for Life Insurance, it’s a perfect time to evaluate your coverage. Life insurance is a vital tool when it comes to safeguarding your family’s future. How would your family’s income be impacted if you passed away? What if you receive a terminal diagnosis? What will your family need to retain…

Carrying Coverage with WAEPA is Easier Than Ever

In addition to the many benefits we offer our Members, Civilian Federal Employees insured under our Group Term Life Insurance* and Guaranteed Issue Life Insurance Programs enjoy the ease of carrying coverage from us. Part of the many factors that makes WAEPA unique are our convenient payment options:   Paperless Bi-Weekly/Bi-Monthly/Monthly Payroll Deduction – If…

Should I Still Buy Life Insurance After Age 50?

Life insurance provides your dependents with financial support in the case of your death. If you’re over age 50 and retiring from a government job, your life insurance policy may need to be reevaluated. Perhaps you’ve paid off your mortgage, the kids are grown up and not dependent on you financially, or Medicare and Social…

Life Insurance Needs Analysis

When purchasing life insurance, it’s important to understand the financial needs of your beneficiaries before you choose a policy. Many individuals tend to think backwards when it comes to life insurance. They make critical decisions on the product they want, whether it’s permanent life insurance, basic term life insurance or even a combination of both,…

When was the last time FEGLI gave you money back?

Since 1996, WAEPA has refunded over $100 Million dollars to our members. Why do we do it? It’s simple: we’re a voluntary benefits association, here to serve our members. In honor of our 75th Anniversary, we’re revisiting the history and benefits of our Premium Refund Program:   WAEPA’s Premium Refund Program started in May of…

What Are the Benefits of Having a Chronic Illness Rider?

If you or someone you know has ever had to care for a loved one with a chronic disease or condition, you know the associated emotional, physical, and financial burden it can bring. During such times, it becomes more of a necessity than ever to plan ahead for extended care. This is where the Chronic…

Do I Need Life Insurance if I’m Single?

When the topic of life insurance comes up, it often addresses married couples and those with kids. This leaves the impression that life insurance isn’t necessary for a single, childless person, but there are plenty of scenarios where someone in this situation could need coverage. If you’re wondering why you should consider life insurance with no…

How Much Life Insurance Do I Need Starting Out?

If you work for the federal government, getting life insurance is a smart decision that helps safeguard the financial future of your loved ones. The question of “how much life insurance should I get?” can be daunting to answer. You can’t pinpoint the exact amount down to the penny, but you can get the right…