WAEPA vs FEGLI vs FegliPLUS
Our unique WAEPA vs FEGLI vs FegliPLUS comparison can save you 50-80%
Federal Employee Group Life Insurance…..FEGLI Option “B”…. has long been known to be an overpriced source of optional life insurance for healthy federal employees…..
“The Government Accounting Office reported in April of 1986 that the FEGLI program is inferior to many private plans”
Federal employees have long sought meaningful alternatives to FEGLI Option B.
Many of these federal employees have turned to Worldwide Assurance for Employees of Public Agencies.
WAEPA insurance and FEGLI Option “B” are both group plans with increasing premiums every five years.
At age 60, WAEPA’s premiums remain level but death benefits begin decreasing by 50% every five years.
WAEPA’s premiums are typically 10-20% lower than FEGLI until age 60.
WAEPA insurance has a long history of annual premium refunds
In addition to the increasing premiums every five years, a built in problem with WAEPA insurance is the decreasing death benefit.
The WAEPA insurance death benefit drops significantly beginning at age 60 and continues to decrease every five years.
Healthy federal employees can now consider FegliPLUS, a new approach to individual life insurance.
FegliPLUS locks in guaranteed, low cost premiums for 15, 20 or even 30 years.
It also includes substantial lump sum payouts for Critical Illness and Chronic Care.
These payouts may be due to cancer, heart attack, stroke, kidney failure, blindness, Parkinson’s, organ transplants, ALS, MS, dementia and Alzheimer’s.
Our direct comparisons, which include WAEPA’s new 50% Chronic Care rider, illustrate how FegliPLUS can reduce your premiums by 50-80% AND guarantee level premiums AND guarantee level death benefits AND include substantial lump sum coverage for Critical Illness and Chronic Care conditions.
So, when comparing WAEPA vs FEGLI, add FegliPLUS to your comparison.
WAEPA vs FegliPLUS:
FegliPLUS premiums are based on a preferred rate class and could be higher or lower based on your personal profile.
All WAEPA insurance premiums include their new 50% Chronic Care only rider and double indemnity for accidental death.
Please note WAEPA’s decreasing death benefit beginning at age 60
As a convenience and to verify our comparisons, please visit Worldwide Assurance for Employees of Public Agencies
FegliPLUS is not associated with the federal government or endorsed by OPM