Group Term Life Insurance Rates
Plan today for life tomorrow. Premiums for all coverage options are based on your age and will increase when you enter a new five-year age group. Applicants must be under age 70 when applying and coverage will carry with you up to your 85th birthday.
How Coverage and Rates Adjust Over Time
Premiums by Age Bands
Our Group Term Life Insurance premium rates are structured in 5-year age bands. Your rate will increase when you reach a new age band. Coverage automatically renews on an annual basis provided premiums are paid when due. Maximum amount of coverage begins to reduce at age 60; however premiums may not reduce.
Example of How Rates Change
Courtney is 33 years old. Her $50K policy rate is currently $0.81 (bi-weekly). Upon her 35th birthday, her rate will adjust to $1.15 (bi-weekly). She’ll pay $0.81 from age 30 to 34 and she will pay $1.15 from age 35 to 39. At age 40, she’ll pay $1.62 (bi-weekly).
How WAEPA’s Rates Compare to FEGLI
WAEPA’s life insurance is a smart and competitively-priced alternative to FEGLI for Civilian Federal Employees. One important difference to understand between WAEPA and FEGLI is how coverage amounts are determined. FEGLI’s coverage amount varies based on your Federal income and is capped at 5x your salary. Regardless of your salary, all WAEPA and Associate members may qualify for up to $1.5 million in Group Term Life Insurance.* See how much you can save with WAEPA.
This is not a quote — 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. Call our Member Services team at (800) 368-3484 to talk through your personalized options.
See what your personalized rates look like broken down by age group and payment frequency, including with the add-on of a Chronic Illness Rider to your Group Term Life Insurance. Federal employees in Louisiana are currently not eligible for WAEPA Group Term Life Insurance.
*Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy Form GMR