FOR IMMEDIATE RELEASE:
Amanda Huelskamp, Content Marketing Specialist
Phone: (703) 531-3546
Falls Church, VA., June 11, 2019: Tony Zerante, Director of Strategic Operations, and Stephanie Baker, Director of Member Services were featured on the June 10 episode of For Your Benefit, covering life insurance options for Federal Employees.
For Your Benefit is a live radio talk show produced by the National Institute of Transition Planning. Zerante and Baker joined the episode alongside Host Bob Leins to compare WAEPA and FEGLI, and discuss the additional benefits WAEPA offers to members.
“You can take WAEPA coverage into retirement, into the private sector, if you leave work to become a stay-at-home parent,” Zerante said on the show. “There’s no change to your rate, and we treat you exactly the same.”
In addition to covering the main differences between the two plans, the team also explained the often extreme price difference between WAEPA and FEGLI. The rates of both plans are public, and WAEPA costs up to 89% less than FEGLI.
“Our CIO did the math based on when he was a Fed, and he could’ve saved over $427 a year by switching to WAEPA,” said Baker.
If you’re interested in learning more about Group Term Life Insurance* from WAEPA, use our savings calculator and see how much you could save on your coverage.
To hear or download this episode of For Your Benefit, click here.
Worldwide Assurance for Employees of Public Agencies (WAEPA), is a nonprofit association (not an insurance company) formed For Feds, By Feds. The goal of WAEPA is to provide access to products and services that promote the health, welfare and financial well-being of its members. After more than 75 years in business, WAEPA has over 46,000 members. For more information, visit waepa.org, or give us a call at (800) 368-3484.
*Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form GMR