Your website indicates that premiums are lower than FEGLI. What happens after age 60? Are your rates higher? How does this work in conjunction with coverage reductions based upon age?edit
WAEPA rates change in five-year increments and the maximum amount of coverage available begins to reduce starting at age 60. The rates are different because the coverage under the two plans is different. View our full rate chart here.
The rate comparisons vary drastically based on the options you have with FEGLI. The best way to compare is to use the savings calculator. This will give you a tailored answer to your personal needs.
Dependent upon your age and career stage, WAEPA can either be a great replacement to FEGLI, replacement of FEGLI Option-B, or supplement to your FEGLI coverage.
For additional information, see the WAEPA vs. FEGLI policy comparison.