Business Description
The goal of WAEPA is to provide access to products and services that promote the health, welfare, and financial well-being of its members. WAEPA, Worldwide Assurance for Employees of Public Agencies, is a non-profit association formed during World War II by Federal Employees, for Federal Employees. WAEPA was formed in 1943 during World War II to provide access to life insurance coverage for civilian employees of the U.S. Government who were serving overseas. The original name, War Agencies Employees Protective Association, was changed in 1961 to Worldwide Assurance for Employees of Public Agencles. In May, 1973, membership was opened to all U.S. civilian government employees, regardless of duty assignment. Over the years, WAEPA has provided access to insurance for over 100,000 federal employees and their dependents. Over 42,000 members now belong to WAEPA and their in-force life insurance purchased through WAEPA exceeds $10 billion. WAEPA's Group Term Life Insurance Program is underwritten by New York Life Insurance Company. WAEPA also offers access to: Group Term Life Insurance Long Term Care Insurance College Scholarships Free Informational Guides WAEPA is governed by a board of directors, composed of senior level government officials, who serve without pay. WAEPA's offices are located in Falls Church, Virginia, a suburb of Washington, D.C.
