There are approximately 2,700,000 members of the federal workforce and of those members only about 42,000 are members of Worldwide Assurance for Employees of Public Agencies (WAEPA). The organization was founded by federal employees for federal employees as a nonprofit in 1943 during World War II. Membership in the organization was limited to those personnel serving overseas assignments. Then in 1973, membership was opened to federal personnel irrespective of their duty station.
The organization is committed to informing and servicing the federal workforce by providing access to life insurance and other services for civilian employees of the Federal Government. Federal employees are wise to explore how they might optimize their benefits and save money at the same time. For example, if a federal employee has not purchased Long Term Care Insurance (LTC) by age 50 the cost goes up dramatically. This is coverage that many people need, including federal employees, but often wonder if all is lost if they don’t take action by age 50.
The good news is that there are often opportunities on the open market that should be explored and by knowing the benefits offered via WAEPA as members, some of those benefits might be just what is needed to give federal employees the added protection needed in retirement for a safe and secure future. WAEPA offers college scholarships to eligible children of its members who attend four year colleges or vocational schools. What a great benefit to members considering the high cost of college. We all know the importance of a college education and understand what a disadvantage it is to pursue opportunities in the job market without a college degree.
The opportunities and advantages offered to WAEPA members may not be reaching the core of federal employees who would benefit from knowing what WAEPA offers. What you don’t know could take a big bite out of your wallet.
P. S. Always Remember to Share What You Know.
Dianna Tafazoli
