Up to $1 million in benefits – You and your spouse Group term life insurance.
under age 65 qualify for $5,000 up to $1 million in life benefits. Your dependent children ages 6 months to 19 years (or up to 25 for full-time students) 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.
Coverage continues in force until the group policy anniversary date after you reach age 70, when benefits reduce 50%. After your 75th birthday, benefits reduce another 50%. Benefits end on the premium renewal date on or after your 80th birthday.
Pays “living benefits” – If you are diagnosed as terminally ill with less than 12 months to live, you can request up to 50% of your life insurance 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 general aviation exclusions – This plan does not have any general aviation exclusions, unlike some life insurance plans that exclude aviation-related activities.
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.
Life insurance sites
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 whole life policy within 31 days—without regard to your health at that time. This privilege also applies to spouse
Travel Assistance Services – You will be covered under the Voya Travel Assistance program at no cost to you. When traveling more than 100 miles from home, Voya Travel Assistance offers you and your dependents four types of services: Pre-Trip Information, Emergency Personal Services, Medical Assistance Services, and Emergency Transportation Services. Voya Travel Assistance Services provided by Europ Assistance USA, Bethesda, MD.
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.
This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.
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 New Jersey, and governed by its laws, to the Aircraft Owners and Pilots Association as the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, MN. This is a paid endorsement. AOPA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan. Plan is administered by Mercer Health & Benefits Administration LLC, an insurance administrator licensed in the state of New Jersey. In CA d/b/a Mercer Health & Benefits Insurance Services LLC AR Insurance License #100102691 • CA Insurance License #0G39709. Our Role and Compensation
GROUP TERM LIFE
MONTHLY RATES PER $1,000 BENEFIT.
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. Group Term Life Insurance underwritten by ReliaStar Insurance Company. Policy Form LP08GP
Term life premiums
Rates shown are guaranteed until December 31, 2018.