Federal Deposit Insurance Corporation
Whether they know it or not, virtually every American adult who uses the modern financial system has the Federal Deposit Insurance Corporation to thank for the stability and security they enjoy. Through its efforts to insure bank deposits, FDIC makes a difference for everyone in America.
Now, it’s time for FDIC personnel to think about a different kind of insurance: Life insurance.
Federal Deposit Insurance Corporation employees understand insurance, and life insurance can give you peace of mind like nothing else. With WAEPA, you’ll know your loved ones are taken care of in the event you pass away in a covered event at home or abroad.
Since back in World War II, WAEPA has been delivering the most trusted and respected life insurance for Federal Deposit Insurance Corporation employees. Federal service can take you places, so your benefits are accessible quickly, easily, and all around the world.
Throughout our history, we’ve provided insurance access to more than 100,000 federal workers and their dependents. Our current membership stands at more than 44,000 – and employees of the FDIC are eligible to enjoy all that we have to offer.
As a WAEPA member, you’ll benefit from:
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 FDIC Employees
Guaranteed Issue Life Insurance means qualifying federal employees, including FDIC 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 Completely Aligned with Federal Employees’ Needs
WAEPA financial wellness planning distills the information you need into a clear, personalized form you can really use. Our ongoing alliance with top personal finance advisors Ernst & Young means you’ll get true one on one advice, nothing generic. Our members can look forward to the future with solid savings and retirement strategies that really work.
WAEPA Benefits and Resources Will Make a Real Difference for You
Our dedication to our members mean we never stop building new benefits and resources. Through our collaboration with National Institute of Transition Planning, Inc. (NITP), our members have access to an exclusive webinar series all about key retirement planning topics.
As part of the federal workforce, you’ve probably been told about FEGLI as a life insurance provider. WAEPA stands head and shoulders over the rest as the #1 FEGLI alternative, since most prospective members can attain greater coverage and superior premiums at most age groups.
To find out all about your coverage and premiums, try out our easy online life insurance calculators. Once you do, you’ll be closer than ever to making an informed decision about the right insurance for you. If you decide to join WAEPA, our online life insurance application takes only minutes.
For any questions, contact us today.