WAEPA Announces 15% Membership Distribution 2016
How much was the 2016 Member Distribution?
In 2016, insured members will receive a 15% return of their annual premium for the fiscal year ending on March 31, 2016. This year’s distribution of 15% of members’ annualized premiums is coupled with the reduction of premiums (effective January 1, 2016) for all members age 40 and over who are insured under our Level Term plan. Premiums were also reduced for all members under age 40 in April 2014. Future distributions are based on claims and financial results and are not guaranteed.
Who is eligible for this Membership Distribution?
Insured members with an effective date of life insurance coverage prior to April 1, 2016, and whose coverage remains in-force through July 31, 2016 will receive a Distribution in the amount of 15% of their annualized premium as of March 31, 2016. Please note that insured members with an effective date of coverage after March 31, 2016 are not eligible for this refund.
When is my Distribution being mailed?
All Member Distributions were mailed the week of August 22nd, 2016.
I have moved recently, what will happen with my Distribution?
The Post Office will automatically forward your Distribution if you have left a forwarding address. Otherwise, the U.S. Postal Services will return your Distribution to our office. If you need to update your mailing address & contact information, please click here.