Life insured. Group Level Term Life - AOPA Insurance

If something happened to you, how would your family maintain their lifestyle? Level term life insurance.

Designed for AOPA members and their busy, active lifestyles, AOPA Level Term Group Life Insurance has no general aviation exclusions—something you may not get from an average policy.

AOPA members and their spouses

can lock in affordable rates and benefits up to $1 million for 10 or 20 years—without having to worry about updating their coverage yearly. The initial premium will not change for the first 10 or 20 years unless the insurance company exercises its right to change premium rates for all insureds covered under the group policy with 60 days advance written notice. You can trust that your rate is designed to not increase, making it easy to plan and budget from year to year.

To view a full rate chart, please click on the "Rates" tab located next to the "Benefits" tab below.

benefits

Choose either a 10- or 20-year term. It’s your choice based on your age at the time you apply and your family’s needs.

Dependent children – Your dependent children age six months to 19 years (or 25 for full-time students) qualify for $5,000 or $10,000 in life benefits. Dependent children age 14 days to less than six months qualify for $1,000 or $5,000.

Low cost term life insurance

Coverage will not reduce during a level term period. For Members and Spouses

who are age 70 to 74 at the end of a level term, period coverage will reduce to 50% and from age 75 to 79 coverage is reduced to 25% of the original face amount. Coverage terminates at age 80.

“Living Benefits” if terminally ill – 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 $100,000, 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.

Offers conversion privileges – When your coverage terminates, 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 1 and child coverage.

Term and life insurance

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. Services are not available in all states.

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. (Funeral Planning and Concierge Services provided by Everest Funeral Package, LLC, Houston, TX.) Services are not available in all states.

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 is 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

GROUP 10-YEAR LEVEL TERM LIFE INSURANCE

MONTHLY PREMIUM RATES PER $1,000 OF COVERAGE

INSURED AMOUNTS $200,000 - $499,000

GROUP 10-YEAR LEVEL TERM LIFE INSURANCE

MONTHLY PREMIUM RATES PER $1,000 OF COVERAGE

INSURED AMOUNTS $500,000 - $1,000,000

GROUP 20-YEAR LEVEL TERM LIFE INSURANCE

MONTHLY PREMIUM RATES PER $1,000 OF COVERAGE

INSURED AMOUNTS $200,000 - $499,000

GROUP 20-YEAR LEVEL TERM LIFE INSURANCE

MONTHLY PREMIUM RATES PER $1,000 OF COVERAGE

INSURED AMOUNTS $500,000 - $1,000,000

Coverage does not reduce during a level term period. Coverage terminates at age 80.

For $5,000 Dependent Child Coverage, rate is $1.00 per month.

Basic term life insurance

For $10,000 Dependent Child Coverage, rate is $2.00 per month.

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