10-Year Term Life Insurance

If you want to ensure you get the union group-rate for the next ten years, this coverage is for you. The younger you are when you apply, the less you pay. With each birthday that goes by your rates will increase. So, why wait?

BENEFITS AND FEATURES

1. Rates will never increase individually: Your certificate of insurance guarantees in writing, that your rates will not increase for ten full years from the date your insurance begins. Your rates will never increase due to your health or any other individual reason. Rates can only be changed if changed for the Group Master Policy.
2. Insurance protection renewable to age 70: After your first ten years of insurance, you can re-apply (prior to age 60) for another ten years with rates based on your age at that time. Or, if you prefer, you can renew one year at a time (prior to age 70) with no medical exam required. Rates are based on your age at time of each renewal. Your insurance cannot be cancelled by the insurer as long as you make your premium payments and the Group Master Policy is in force.
3. Up to $150,000 worth of coverage at group rates: These group rates are not available from Union Labor Life to the general public. The collective power of over one million UFCW members nationwide allows us to offer these benefits.
4. In most cases, no medical exam is required: Acceptance is generally based on your answers to just a few health questions on your application. In cases where a medical exam is required, it will be done at no cost to you and at the time and place you choose.
5. Collect for terminal illness or organ transplant: If you are diagnosed with a terminal illness and meet certain conditions, you can collect up to 100% of your benefits. Or if you require a heart, lung or liver transplant, you can choose to receive up to 50% of your benefits (may not be available in all states). ¹
6. 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.

¹The 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 (not applicable in Washington). 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.

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.