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Life Insurance for FDIC Employees

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For applicants under age 50, apply online and get a decision in less than 30 minutes!

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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?
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Reliably Backed by New York Life Insurance Company

We’ve worked with New York Life Insurance Company to develop our exclusive protection for our members — and with good reason. For more than 175 years, American families have trusted New York Life to protect the financial future of those they love. It’s a company you can rely on. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer*. 

A++

A.M Best

AAA

Fitch Ratings

Aaa

Moody’s Investors Service

AA+

Standard & Poor’s

*Third Party Rating Reports as of 10/19/2023.

Calculate Your Rate

The rates shown are your premiums (as of the age of your approval). Find your current rate for any coverage amount up to $1.5 million. Not sure how much coverage you should consider? Use our Coverage Calculator to help calculate your needs.

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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.

Contact Us
Give Us a Call

Our team is available at (800) 368-3484, Monday through Thursday 8:30 a.m. – 6:30 p.m. or Friday 8:30 a.m. – 5 p.m. ET.

Submit a Request

Fill out our contact us form with your request and we’ll get back to you.

Disclaimer

Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form GMR-FACE/G-30280-0
*Group Term Life Insurance is not available in the following US Territories: American Samoa, Northern Mariana Islands, U.S. Minor Outlying Islands, Micronesia, Marshall Islands, and Palau.
**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.


Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy form GMR-FACE/G-30281-0

*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.

**STDI is not currently available in: NV, OR, NH, VT, all US Territories including Puerto Rico, Guam, US Virgin Islands, etc.

***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.