Life Insurance for FDIC Employees
Get a Decision in Minutes! For applicants under age 50, apply online and get a decision in less than 30 minutes.
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 46,000 – and employees of the FDIC are eligible to enjoy all that we have to offer.
Explore Our Products
Whether you’re starting a new job, growing your family, or planning for retirement, see why Feds choose WAEPA to be there for life’s biggest moments.
Group Term Life Insurance
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.
Group Short-Term Disability Insurance
WAEPA Group Short-Term Disability Insurance**, can cover up to $6,500 a month to replace your lost income, if you’re out of work due to a covered illness or injury.
Guaranteed Issue Life Insurance
Guaranteed Issue Life Insurance means qualifying Civilian 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 don’t need to undergo medical underwriting to receive coverage.
Ready to Help Protect Your Family’s Future?
Resources for FDIC Employees
With WAEPA, you get more than life insurance. We offer helpful tools, resources, and free financial planning.
Compare Coverage to FEGLI
On average, members who switched from FEGLI to WAEPA save over $300 a year. See how our portable coverage stacks up to your existing policy with FEGLI.
Life Insurance Needs Analysis
Evaluate how much coverage you may need based on any updates in your life.
Helpful Resources for Feds
Learn about life insurance the easy way with blog posts, webinars, guides, and more catered to Feds and their needs.
WAEPA IS THE NAME FEDS HAVE TRUSTED SINCE 1943
Reliably Backed by New York Life Insurance Company
QUESTIONS?
We’re Here to Help
If you’re unsure of your coverage needs or need help with the application process, our dedicated team of specialists is available to help you.
Give Us a Call
Our team is available at
(800) 368-3484
M-Thu 8:30 a.m. – 6:30 p.m.
F 8:30 a.m. – 5 p.m. ET
Disclaimers
Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form GMR-FACE/G-30280-0, Policy form GMR-FACE/G-30281-0.
*Group Term Life Insurance is not available in the following U.S. Territories: American Samoa, Northern Mariana Islands, U.S. Minor Outlying Islands, Micronesia, Marshall Islands, and Palau.
**Benefits cannot exceed 60% of your average monthly income when combined with all other income benefits you receive from any other source. See other income benefits provision for more details. Consult a tax advisor for details around tax free disability benefits.
***New York and Utah residents are not currently eligible for QuickDecision.
****Louisiana residents: please contact WAEPA Member Services at (800) 368-3484 for more information on applying for coverage.
*****Michigan residents: I understand that I may use a producer/agent to assist me with the completion of this application at no cost to me.