Life Insurance and Benefits for FAA Employees
Millions of people throughout the United States rely on the Federal Aviation Administration to help ensure they reach their destination safely. Now, FAA employees can join WAEPA – Worldwide Assurance for Employees of Public Agencies.
WAEPA is a nonprofit organization exclusively dedicated to supporting members of the federal civilian service. Since World War II, we’ve been providing federal civilians with guaranteed issue Group Term Life Insurance and a wide range of other outstanding benefits. FAA employees are welcome.
If you are interested in FEGLI, you’ll find that WAEPA is the preferred FEGLI alternative. Members across most age categories will discover their potential for superior insurance premiums and coverage with us.
Life Insurance New FAA Employees Can Count On
Our life insurance options, underwritten by New York Life Insurance Company, are simple and effective. Compared to FEGLI, WAEPA provides lower costs and premiums for members across several age groups.
Group Term Life Insurance
Group 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
Guaranteed Issue Life Insurance means qualifying federal employees, including FAA 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 Help You Make the Right Choices
To work for you, Financial Wellness Planning needs to be custom-tailored for the unique needs of the federal service. We partner with Ernst & Young (EY), a company known worldwide for excellence in personal financial planning. With EY, you truly have a personal guide to the ins and outs of how federal employment affects your financial future.
Our Benefits and Resources Make Your Federal Career Better
WAEPA’s unique assortment of benefits and resources is always growing. We have partnered with NITP – the National Institute of Transition Planning, Inc. – to develop and launch a webinar library on federal career topics. There’s never been a better time to get started working on your retirement plan, and we will make it easy. More resources are always being added, too.
If you’re intrigued by the potential of WAEPA, our insurance calculators will assist you in taking another step forward on the right Group Term Life Insurance decision for you.
To get started, apply now.