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Individual Renewable Term Life Insurance

Your earning power is the force that helps provide for your family's financial security. But what would happen if you were no longer here to take care of them? Mortgage expenses, college tuition and typical day-to-day items are just some of the expenses your family might face without you.

Renewable Term Life insurance is available for amounts up to $200,000.00, with flexible coverage periods ranging from 10, 15 or 20 years.

You'll also have the option to continue your coverage at the end of the policy's specified term or to renew annually. Knowing you are covered by this term life plan can give you peace of mind and your family will have the added financial protection they may need when you are no longer there.

Up to $200,000.00 in 10, 15, or 20 year term life coverage for eligible individuals ages 18 to 69.

Coverage is available to age 85 with flexible policy renewal terms.

  • After your initial term coverage expires, you may have the opportunity to provide proof of insurability and apply for an additional coverage term. (1) OR
  • Otherwise, when your term ends, you can renew annually to age 85 with no medical exam. (1)

Living Benefits, also referred to as accelerated death benefits, are available if you are diagnosed with a terminal illness or undergo an organ transplant (not available in all states).

  • Collect up to 100% of the available benefits if you are diagnosed with a terminal illness and meet certain conditions. (2) OR
  • Collect up to 50% of the available benefits should you require a heart, lung or liver transplant. (2)

Labor Dispute Waiver of Premium for active union members.

  • Benefit pays your premiums for a whole year following a union-sanctioned Strike or Lockout lasting 30 or more days (not available in all states).

Optional benefits to insure all of your eligible children at a fixed rate.

  • Coverage of $10,000.00 for each child 14 days old and under age 25.
  • Option to convert this coverage to an Individual Whole Life Insurance policy when the child is no longer eligible for coverage under your policy due to age or if your policy terminates. (3)

Optional benefits for Accidental Death.

  • An additional benefit that matches your policy's life insurance base coverage amount for a covered accidental death that happens anywhere, anytime. (4)

This information is only an outline of The Union Labor Life Insurance Company's Individual Renewable Term Life Insurance features. Once approved for coverage, it is important that you read your Policy of Insurance for the exact benefits, terms and conditions of this insurance plan as benefits, limitations, and exclusions may vary by age and State.

(1) Premium rates will be based on your age at the time of each renewal.

(2) Fees apply. Use of accelerated death benefits may result in a reduction of the face amount. An administration fee of up to $150 may also apply. Please check your policy for full details. Your beneficiary will be paid the remaining life insurance benefit, if any, upon your death. You should consult a tax advisor for more information.

(3) Rates are based on the Insured child's age at the time of conversion. Evidence of insurability is not required. Provisions vary by state. It is important that you read your policy to determine what provisions may apply to the child coverage in your state.

(4) Death must occur within 365 days of the covered accident.

Various coverage options to fit your needs and budget.

No medical exam may be required if you are under age 55 and choose benefit amounts of $200,000.00 or less.

  • If a medical exam is required, it will be done at no cost to you and at a time and place that you choose.

30 Day No Obligation

  • You have 30 days from the date you receive your policy 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.

Suicide (while sane or insane) is not covered in the first two years of coverage. In cases of suicide, benefits are limited to a return of premiums paid without interest. Misrepresentations on your application or changes in your health between the time you apply and the policy effective date may affect your eligibility for benefits.

Please contact 1-888-292-7749 for any questions regarding these exclusions.

This is a simplified Description of Benefits. This is not an Insurance Policy or Certificate. Benefits are administered according to the provisions of the 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 Policy is required. Some provisions, benefits, exclusions or limitations listed herein may vary depending on your 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.

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