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WAEPA meaning in Governmental ? |
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Answer» What is Worldwide Assurance for Employees of Public Agencies mean? Worldwide Assurance for Employees of Public Agencies, widely known by its abbreviated name WAEPA, is a United States' nonprofit 501(c)(9) VEBA association headquartered in Falls Church, Virginia, that provides life insurance and financial service benefits to federal civilian employees. Before WAEPA, civilian employees had limited life insurance options until the Federal Employees' Group Life Insurance Act of 1954 provided group life insurance by the U.S. Government. WAEPA's insurance products are underwritten by the New York Life Insurance Company. The association has over 46,000 members from every civilian agency of the Federal government. reference nan |
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