NEW 2021 FEGLI Rates!
WAEPA vs FEGLI vs GEBA vs FegliPLUS
Senior Feds still need guaranteed life insurance after they retire
A direct comparison shows that WAEPA, GEBA and FEGLI Option B are all group plans with increasing premiums every five years until age 65.
GEBA’s rates remain level but death benefits begin decreasing by up to 50% every five years.
FEGLI Option B premiums can increase as much as 500% in only 15 years!
In addition to the increasing rates every five years, a built in problem with WAEPA and GEBA is the decreasing death benefit.
The death benefits drops significantly beginning at age 60 or 65 and continues to decrease every five years.
Healthy federal employees can now consider FegliPLUS , a new approach to individual life insurance.
FegliPLUS not only locks in guaranteed, low cost premiums for 15, 20 or even 30 years, it now includes substantial lump sum payouts for Critical Illness and Chronic Care.
Covered conditions may include cancer, heart attack, stroke, kidney failure, blindness, Parkinson’s, organ transplants, ALS, MS, dementia and Alzheimer’s.
These direct comparisons, which include WAEPA’s new 50% Chronic Care rider, illustrate how FegliPLUS can reduce your premiums by 50-80%, guarantee level premiums AND level death benefits for 20 years AND include substantial lump sum coverage for Critical Illness and Chronic Care conditions.
WAEPA vs GEBA vs FEGLI vs FegliPLUS
- Female age 45 – Preferred
- Male age 45 – Preferred
- Female age 50 – Preferred
- Male age 50 – Preferred
- Female age 55 – Preferred
- Male age 55 – Preferred
- Female age 60 – Preferred
- Male age 60 – Preferred
A 60 second inquiry could save you $150,000
FegliPLUS rates are based on a preferred rate class and could be higher or lower based on your personal profile.
FegliPLUS includes guaranteed level premiums AND death benefits for 20 years
WAEPA rates 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
GEBA rates include a 50% accidental death and dismemberment benefit
Please note GEBA’s decreasing death benefit at age 65
Additional products for SeniorFeds:
SeniorFeds is not affiliated with or endorsed by the federal government or OPM