Help Protect the Future of Those You Love
See how affordable WAEPA sponsored Term Life Insurance can be.
Group Term Life Insurance for Federal Employees
When it comes to protecting those you love, few options are as dependable as life insurance. As a WAEPA member, you have access to exclusive coverage not available to the general public . Whether you’re looking for first time coverage or to supplement existing coverage, consider WAEPA Group Term Life Insurance underwritten by New York Life Insurance Company.
Your Coverage is portable.
Unlike insurance an employer provides, you won’t lose this coverage if you change jobs or retire. Life insurance coverage from WAEPA is yours to keep, even if you stop working for the federal government.
Take advantage of these benefits.
- from $25,000 to $1.5 million in coverage for eligible members
- affordable rates exclusively for WAEPA members
- coverage for you, your spouse, and children
- living benefits can give you access to your benefits, if you become terminally ill
- additional benefits for accidents
- education benefits for your children
- spouse retraining benefit
- 30-day free look period to examine your policy
Plus! Optional Chronic Illness Rider Benefit
Add this valuable “living benefit” to your life insurance. And if you become permanently chronically ill,* you’ll be able to use part of your benefits to help with your expenses. It’s an easy and economical way to help protect yourself from the financial hardship a chronic illness can cause. And it’s available to members and their spouses under age 65.
*Chronic illness means the permanent inability to perform 2 out of 6 activities of daily living (bathing, continence, dressing, eating, toileting and transferring); or a permanent severe cognitive impairment requiring substantial supervision.”
Here’s how it works:
Select this option when you apply for life insurance. And you’ll be able to access up to 50% of your policy’s face amount, if diagnosed with a permanent chronic illness. As much as $500,000 can be paid to you over four years . in tax-free annual installments.** This money will be paid directly to you to use as you see fit. That could be to help with medical costs, ongoing living expenses, or to replace lost income. There’s an additional charge for this rider, and you must sign up at the same time you apply for benefits. See rates.
** Receipt of the accelerated benefit may be taxable. Consult with your personal tax advisor.