Team-To-100 Term Life Insurance

Get $10,000 or $15,000 to help pay final expenses. No medical exam required. Acceptance is generally based on your answers to a few health questions. Protection continues to age 100. And you cannot be singled out for a rate increase due to increasing age or changing health status...

The older you get, the harder it can be to find life insurance protection you are eligible for. Rates generally get higher due to age. But not with TEAM-TO-100. This is insurance specifically designed for Teamsters members, retirees and their spouses. It's a valuable benefit that's guaranteed to continue up to age 100 as long as you make your premium payments as agreed and the Group Master Policy is in force. At age 100, TEAM-TO-100 pays you the available face amount of your policy up to the full $10,000 or $15,000.

BENEFITS AND FEATURES

You can apply for $10,000 or $15,000 to help your family pay for your final expenses. It's money your beneficiary can use to cover the increasing costs of funeral services -- now averaging over $6,500¹ -- or for final hospital and medical bills, taxes and more.

1. Pay final expenses: TEAM-TO-100 is valuable term life insurance created specifically for you – Teamsters members, retirees and their spouses ages 50 to 80. It is designed to help your family pay final expenses.
2. You can never be singled out for a rate increase: Your rate can never increase due to age, a change in health or any other individual reason. The premium will only change if changed for everyone insured under the Group Master Policy.
3. Your benefits will not decrease: The benefit amount you choose - $10,000 or $15,000 – is the benefit amount that will be payable from the first day your premium is paid up to age 100. Benefits will not decrease as you grow older as long as the premium is paid as agreed and the Group Master Policy remains in force.
4. No medical exam: No medical exam is required in most cases. Your acceptance is generally based on your answers to just a few health questions. No one will be turned down for coverage. Other life insurance coverage may be substituted.
5. Protection continues up to age 100: As long as you pay your premium as agreed and the Group Master Policy remains in force, this protection is guaranteed until you reach age 100; when you collect the available face amount -- up to the full $10,000 or $15,000. Many other term life policies do not offer you this valuable face amount payment.
6. Collect for organ transplant or terminal illness: You can choose to receive up to 50% of your insurance benefit should you require a heart, lung or liver transplant; OR, if you are diagnosed with a terminal illness and meet certain conditions, you can choose to receive up to 100% of your insurance benefit while you’re still alive (may not be available in all states). These are referred to as accelerated benefits. These are benefits you can use as you see fit —- whether it’s for medical needs, nursing care or other special needs. ²
7. Your Right to Review: You have 30 days from the date you receive your certificate to review it. If you decide you don't want the coverage, all premiums paid will be refunded to you and you'll be under no further obligation.

¹2010 National Funeral Directors Association General Price List Survey
²The amount you receive will be reduced by a processing fee of 5% of the amount elected and the benefit you receive may be taxable. Fees vary by state. It is important that you read your certificate to determine what fees may apply to you. You should consult a tax advisor for more information. Your beneficiary will be paid only the remaining life insurance benefit, if any, upon your death.

EXCLUSIONS

SUICIDE: Suicide is not covered in the first two years of the coverage. In Colorado, Missouri and North Dakota, suicide is not covered in the first year of coverage. In cases of suicide, benefits are limited to a return of premiums paid without interest. Injury, illness, accidents and all other causes of death are covered.

This is a simplified Description of Benefits. This is not an Insurance Policy or Certificate. Benefits are administered according to the provisions of the Group Master Policy and premiums are charged according to the filed and approved rates. The information contained in this explanation is representative only, and in all cases reference to the Insured’s Certificate of Coverage is required. Some provisions, benefits, exclusions or limitations listed herein may vary depending on state of residence.

Misrepresentations on your application or changes in your health between the time you apply and the certificate effective date may affect your eligibility for benefits.