FALLS CHURCH, VA January 14, 2017 — Worldwide Assurance for Employees of Public Agencies (WAEPA), a non-profit association providing federal employees exclusive services that promote their health and financial well being, is pleased to announce a partnership with New York Life Insurance Company.
One of the nation’s leading insurance companies, New York Life will underwrite exclusive WAEPA Group Term Life Insurance. “With its reputation for financial strength and superior service, New York Life fits our criteria for providing members high quality coverage at very competitive pricing,” says Shane Canfield, CEO of WAEPA. “In addition, New York Life has a long history of working with other association and affinity industries. They understand and respect the relationship an association has with its members.”
“Life insurance is an important consideration for our members,” Canfield continues. “Many choose to work in federal government, because they’re committed to making a difference in the lives of other Americans. When it comes to taking care of the people they love, their commitment is even greater. Many rely on life insurance to help them honor it.”
Headquartered in Falls Church, VA, WAEPA is a nonprofit association formed in 1943 to serve those who serve the nation. Open to federal civilian employees, WAEPA provides products and services that promote health, welfare, and financial well-being. Today, WAEPA has over 44,000 members, many who protect their families with WAEPA sponsored life insurance. The in-force life insurance purchased through WAEPA exceeds $10 billion. For more information, visit https://www.waepa.org. Phone: 1-800-368-3484.
About New York Life
A Fortune 100 company founded in 1845, New York Life Insurance Company is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies provides life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
* Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/17/16. For methodology, please see the Fortune 500 List.
** Individual independent rating agency commentary as of 8/9/16. New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
Shane Canfield, CEO