Group Term Life
- Flexible benefit options
- Conversion to individual permanent policies without medical underwriting
- Experience rated contracts available to larger clients
- Coverage enabling beneficiaries to pay immediate costs associated with death, settle debts and meet family expenses
- Easy claim filing process
Supplemental Coverage:
- Supplemental Life—Offered in conjunction with the group term life to all employees/members on a contributory basis and used to help increase financial security.
- Dependent Life—Enabling employees/members to purchase additional term life coverage for their spouse equal to 50% of the employee/member’s coverage up to a maximum of $100,000 and for their children, determined by state regulations.
- Retiree Life—Enabling employers/unions to offer their retirees coverage up to 10% of the active group population in accordance with the group’s retiree benefit; typically, just for the retiree and not inclusive of spouse or children.
Other Valuable Advantages:
- Accelerated Death Benefit Rider that can pay 50% of the face amount—for life threatening illness that has a life expectancy of no more than 12 months (insured and spouse)
- Accidental Death and Dismemberment Rider—pays additional benefits for an accidental loss of life or specific limb(s) (insured, spouse and children)
Policy Form: ALTLP-05*
Rider Forms: ALTLABRC-XX-05, ALTLADDRC-11*
*Features & form numbers may vary by state.
Approved in all 50 states and the District of Columbia