Portable Term Life Features and Benefits

10, 15 or 20 Year Term Period

Guaranteed issue for individuals up to age 65 with minimum participation
based on group size.

  • Face amounts from $5,000 to $300,000, not to exceed ten times annual employment income
  • Family coverage (spouse up to 50% of insured; $50,000 max/ Child(ren) $5,000 or $10,000
  • Guaranteed Premiums—guaranteed premiums that do not increase during the policy term
  • Level death benefit—10, 15 or 20 year terms: a reduction schedule applies at age 70
  • Portable—No change in cost or coverage

Other Valuable Advantages:

  • Accelerated Death Benefit 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—pays additional benefits for an accidental loss of life or specific limb(s) (insured, spouse and children)

Portable Term Life Guaranteed Issue Participation Guidelines

Number of Lives Member GI Participation Spouse GI
51 through 300 $100,000 20% $20,000
301 through 500 $150,000 15% $20,000
501 through 750 $150,000 15% $25,000
751 through 999 $200,000 15% $25,000
1,000 lives and over $250,000 10% $25,000

Policy Form: ALGLTP-18*
*Features & form numbers may vary by state.

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