fegli.net blog Archive for the ‘waepa’ Category

Do Women Pay Too Much?

Monday, September 9th, 2019

Do women pay too much for WAEPAGEBA and FEGLI?

Federally employed women have three main choices for optional life insurance…. WAEPAFEGLI Option “B” and GEBA.

All three are group plans and come with three major problems.

Healthy women do not receive the 30-40% discounts available on the open market.

While insurance companies offer different rate classes…..Preferred-Plus, Preferred, Select and Standard…. virtually all healthy, non-smokers can reduce these group premiums by 50-80%.

WAEPAGEBA and FEGLI Option “B” all include dramatic price increases…. as much as 400% in only fifteen years.

Additionally, WAEPA and GEBA begin reducing death benefits at ages 60 and 65…further increasing the insurance costs.

These three plan designs result in women paying far more than they need to.  

They end up with greatly reduced benefits at much higher prices.

Healthy federal women need to take advantage of and get credit for their healthy lifestyle.

FegliPLUS offers guaranteed level death benefits AND premiums for 20 or 30 years while including lump sum payouts for Critical Illness and Chronic Care.

Covered conditions may include heart attack, stroke, cancer, kidney failure, coma, MS, Parkinson’s, ALS, paralysis, dementia and Alzheimer’s.

With a $500,000 policy, the guaranteed 20 year savings for healthy federal employees…..male OR female….can exceed $100,000!

 

Female age 45 – Preferred

Female Age 50 – Preferred

Female Age 55 – Preferred

Female Age 60 – Preferred

So, are YOU paying too much for your group insurance?

A 60 second inquiry could save you $100,000!

 

Request your FegliPLUS quote

 

WAEPA vs FEGLI vs GEBA vs FegliPLUS

One client actually saved $560,000!

Our WAEPA comparisons include double indemnity for accidental death and dismemberment and their new 50% Chronic Illness Rider.

Our GEBA comparisons include their 50% accidental death and dismemberment.

To verify our comparisons, you may contact WAEPA and GEBA directly. 

FedAdvantage Triple Play

FedAdvantage Accident Plan