If you’re a public employee, you may be at a point where you’re given the option to check group life insurance options out. WAEPA is one of the most common options that you’re dealing with, but there are some questions that you want to look at with the whole thing. Who Qualifies for WAEPA Coverage? Is it something that you’re going to want to spend money on? Are there calculators available so that you can figure out exactly what is involved and how much you’ll be spending to get this coverage? And what can you do with it?
WAEPA coverage is a group insurance option that is usually less expensive than other group options. Currently, there are over 42,000 people who are in WAEPA coverage, and it gives those individuals billions of dollars in coverage. If you’re someone that may be in average or below average health, it could be a good option because you don’t necessary need a health exam in order to be sure that you’ll be eligible for it in the first place. Lastly, you want to be sure that you understand that it will likely increase every 5 years, instead of allowing you to love in a rate like you can with other life insurance options.
You want to do your research and talk to professionals so that you can see exactly what is involved in your potential insurance options. There is a lot to be said about what is going on here and, as you look at what may be next, you’ll find that it can be really helpful to explore what insurance options are available. Learn as much as you can about the insurances that are available to you and see what can give you the best value and how you can make it a reality. See what works best, find out solutions, and work out details.