Up to $1 Million in Benefits – You and your spouse under age 65 qualify for $5,000 up to $1 million in life benefits. Your dependent children age 6 months to age 19 (or age 25 if a full-time student) qualify for $5,000 or $10,000 in life benefits. Dependent children age 14 days to less than 6 months qualify for $1,000 or $5,000.
Pays “living benefits” – If you are diagnosed as terminally ill with less than 6 months to live, you can request up to 50% of your benefits (or $500,000, whichever is less) through the plan’s Accelerated Life Benefit. You can use this money any way you wish—to help pay for medical expenses, homemaker services or other expenses. The remainder of your benefit amount will be paid to your beneficiary(ies) after your death. (Please note: The receipt of Accelerated Life Benefits may be taxable. You should seek assistance from a personal tax advisor in order to assess possible tax implications.)
No aviation exclusions – This plan does not have any aviation exclusions, unlike some life insurance plans that exclude aviation-related activities. (Note: Death due to flying in or on certain aircraft will result in reduced benefits. Please ask your representative for more details.)
Portable coverage – You can take this coverage with you if you leave your current job or move. It is not tied to your career or to any one employer.
Affordable group rates – As an AOPA member, you pay an affordable group rate for this coverage. Please see the Rates tab above for pricing.
Conversion privileges – When your coverage terminates or reduces, your life insurance can be converted to an individual policy within 31 days—without regard to your health at that time. This privilege also applies to spouse and child coverage.
Travel Assistance Services – You will be covered under the ING Travel Assistance program at no cost to you. When traveling more than 100 miles from home, ING Travel Assistance offers you and your dependents four types of services: Pre-Trip Information, Emergency Personal Services, Medical Assistance Services, and Emergency Transportation Services. ING Travel Assistance Services provided by Europ Assistance USA, Bethesda, MD 20814.
Funeral Planning and Concierge Services – Offers members a unique opportunity to discuss and obtain funeral planning information for themselves and eligible family members from independent experts regarding the planning of a funeral. Funeral Planning and Concierge Services provided by Everest Funeral Package, LLC, Houston, TX 77056.
GROUP TERM LIFE
MONTHLY RATES PER $1,000 BENEFIT.
|
Members Age |
Tobacco |
No Tobacco |
|
Under 30 |
0.210 |
0.083 |
|
30-34 |
0.210 |
0.083 |
|
35-39 |
0.360 |
0.143 |
|
40-44 |
0.510 |
0.210 |
|
45-49 |
0.660 |
0.263 |
|
50-54 |
0.934 |
0.364 |
|
55-59 |
1.365 |
0.569 |
|
60-64 |
1.983 |
0.892 |
|
65-69 |
1.983 |
0.992 |
|
70-74* |
3.967 |
1.983 |
|
75-79* |
7.933 |
3.967 |
For $5,000 Dependent Child Coverage, rate is $1.00 per month.
For $10,000 Dependent Child Coverage, rate is $2.00 per month.
*Coverage reduces to 50% at age 70, and to 25% at age 75. Coverage terminates at age 80.
For your convenience, you will be billed quarterly. Premium rates are based on your age and increase as you enter a new age bracket. Insurance provided by ReliaStar Insurance Company.
Policy Form LP08GP
These rates are guaranteed until January 1, 2014. So lock in your rate today!
Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy 66702-1 issued and delivered in the state of Rhode Island to the Association Members Life Insurance Trust as the policyholder, insuring members of the Aircraft Owners and Pilots Association. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by AGIA Insurance Services, an insurance administrator licensed in the state of Rhode Island. Policy Form LP08GP.