Financial & Retirement Planning and Life Insurance for DOL Employees
Are you looking for Group Term Life Insurance for Department of Labor employees? The Department of Labor has a vital mission helping to ensure the best conditions for America’s workers. If you’ve recently been hired as part of the Department of Labor, you likely qualify for Guaranteed Issue Group Term Life Insurance with WAEPA: Worldwide Assurance for Employees of Public Agencies.
A nonprofit exclusively focused on the needs of federal civilian employees, WAEPA has been active since World War II. As a federal employee, you’re likely aware of the Federal Employees' Group Life Insurance (FEGLI) Program. WAEPA is proud to be a FEGLI alternative and most members find that they can obtain superior premiums.
Life Insurance Federal Civilians Can Really Rely On
With WAEPA, our insurance policies are 100% guaranteed issue. Compared to FEGLI, WAEPA provides lower costs and premiums for members across several age groups.
Group Term Life Insurance
Group Term Life Insurance from WAEPA provides up to $1.5 million in coverage for eligible members, which will not be lost if you change jobs or retire – even after leaving the federal government. An eligible member’s coverage also extends to spouse and children.
Guaranteed Issue Life Insurance for New Employees
Guaranteed Issue Life Insurance means qualifying federal employees, including Department of Labor employees, cannot be turned down coverage for up to $100,000 within their first year of hire. If you qualify for this offer, you do not need to submit medical documentation or other complex paperwork to access your benefits. An applicant must simply be a U.S. citizen under age 70 applying within one year of first-time, non-military government hire.
Financial Wellness Planning to Benefit Your Life and Career
Federal service is full of resources you can use to meet your long-term financial goals. WAEPA has developed a unique partnership with Ernst & Young to provide Financial Wellness Planning services. As a WAEPA member, you’ll have a unique opportunity to get personalized insight and face-to-face assistance from a hand-picked advisor you can truly trust.
Benefits and Resources That Grow With Your Needs
At WAEPA, our experts are always working to develop the assets that will make your career and retirement easier. Our benefits and resources are exclusive to members and allow you to access the best retirement planning guides around. Our partnership with the National Institute of Transition Planning, Inc. has resulted in a webinar library that will clarify all the tough topics for you.
WAEPA currently serves tens of thousands of civilian employees from all branches of the United States federal government. The Group Term Life Insurance policies enjoyed by our members are underwritten by New York Life Insurance Company.
It’s easy to get started right now. Use the link below for our online membership application.
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Not a WAEPA member? Apply now and start enjoying the benefits.