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WAEPA vs. FEGLI

WAEPA Offers Feds More Coverage than FEGLI… for Less

More than 50,000 Feds choose WAEPA over FEGLI. WAEPA provides higher maximum coverage amounts and can often save you money compared to FEGLI.

See Why 50,000+ Feds choose WAEPA

WAEPA

Maximum Coverage

$1,500,000

Maximum Children’s Benefits

$500,000

Maximum Spouse Coverage

$25,000

Scholarship Program

Premium Refund Program*

Additional Accident Benefits

Common Carrier Benefit

FEGLI

Maximum Coverage

Based on Annual Salary

Maximum Spouse Coverage

$25,000

Maximum Children’s Benefits

$12,5000

Scholarship Program

Premium Refund Program*

Additional Accident Benefits

Common Carrier Benefit

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Frequently Asked Questions

As a Fed looking for life insurance coverage, the two primary options you have are WAEPA and FEGLI. It’s important to understand both options to make the right choice for you and your family.

Can I keep my coverage if I leave Federal Service?

As a WAEPA member

You can keep coverage if you leave your federal employer
No matter what the reason, you can take it with you
With FEGLI, you must remain insured for five consecutive years prior to retirement to continue coverage.

What’s my maximum coverage?

Eligible WAEPA members can qualify for up to $1.5 million in Group Term Life Insurance
Associate members can also qualify for up to $1.5 million in Group Term Life Insurance
FEGLI’s coverage amount varies based on your Federal salary and is capped at 5x your salary

Can I get coverage for my whole family?

WAEPA offers:

Associate (spouse) membership eligible for up to $1.5 million in Group Term Life benefits and $6,500 in Short-Term Disability benefits
Dependent spouse plan eligibility up to $500,000 in coverage
Dependent children plan eligible for up to $25,000 in coverage
With FEGLI, Dependent spouses are only eligible for up to $25,000 in coverage and $12,500 in children’s benefits.

What additional benefits do I get if I become a WAEPA member?

· Scholarship Program

· Pre-retirement Support

· Financial Wellness Program

Disclaimers

FEGLI Option C – when this option is selected, the example will show coverage amounts for one spouse and one child times the multiplier amount selected (1-5). With a multiplier of one, spouses add $5,000 and each dependent child adds $2,500 to the total FEGLI coverage displayed. The calculator does not include coverage amount for additional children.