Premium Refund Program
Since 1996, WAEPA has proudly refunded over $100 Million to its members. How? Based on the previous fiscal year, WAEPA’s Board of Directors evaluates our earnings and determines if a refund is possible.
Refunds are based primarily on the claims ratio for each fiscal year vs. new business vs. the overall market performance. If a refund is awarded, members receive their payment in the form of a check.
Premium refunds are not guaranteed. They are primarily based on the annual claims ratio and solely on your Group Term Life Insurance policy, and not a Group Short-Term Disability Insurance policy you may have in place. Despite constant fluctuations, WAEPA has awarded a refund 26 of the past 27 years. When was the last time FEGLI gave you money back?
Visit our Premium Refund FAQs page to learn more.
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