Get up to $25,000 to help pay final expenses. It's a valuable benefit that's guaranteed to continue up to age 100. No medical exam required. Acceptance is generally based on your answers to a few health questions.
The older you get, the harder it can be to qualify for life insurance protection. Rates generally get higher due to age. But not with the Term-To-100 plan. This is insurance specifically designed for Teamster members, retirees and their spouses and, once you are covered, you cannot be singled out for a rate increase due to increasing age or changing health status.
Coverage available for members and their spouses ages 45-80.
Helps pay for end of life expenses such as funeral services, medical bills and taxes.
When you reach age 100, the available benefits will be payable to you.
Living Benefits if you are diagnosed with a terminal illness or undergo an organ transplant (not available in all states).
Strike Waiver of Premium for active union members
This information is only an outline of The Union Labor Life Insurance Company's Team To Age 100 Life Insurance features. Once approved for coverage, it is important that you read your Certificate 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) Fees apply. Use of accelerated death benefits will result in a reduction of the face amount. An administration fee of up to 5% of the amount elected may also apply and the benefit you receive may be taxable. You should consult a tax advisor for more information. Please check your certificate for full details. Your beneficiary will be paid the remaining life insurance benefit, if any, upon your death.
No medical exam required.
As you age, coverage face amount does not change and benefits are not reduced.
No individual rate increase under your Union's Group Master Policy due to your health or any other individual reason, as long as you make your premium payments as agreed and the Master Group Policy remains in force.
30-Day No Obligation.
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.
Please contact 1-866-863-4462 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 Group Master Policy and premiums are charged according to the filed and approved rates. The information contained in this explanation is representative only. Once approved for coverage, it is important that you read your Certificate of Insurance for more information. Some provisions, benefits, exclusions or limitations listed therein 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.
Term life insurance is comprehensive coverage for a specified period of time, or term. This type of coverage can safeguard your family's financial future by helping replace lost income for their ongoing life expenses. Term to Age 100 Life Insurance benefits can assist with end of life expenses, such as funeral services, medical bills and taxes.
No medical exam may be required to apply for coverage. Acceptance is generally based on your answers to a few health questions on your application.
Your status as a Union Member means you and your spouse can purchase valuable life insurance protection at affordable group rates. Group life insurance typically offers lower rates than you could receive as an individual for the same coverage and benefit package. Group insurance also means you can never be singled out for a rate increase, or a change in benefits, even if your health changes as you grow older.
Your rates for coverage are based on your age at the time you apply. Often as you get older, the harder it can be to qualify for life insurance protection and rates generally get higher due to age. With Term to Age 100 coverage, your group rates will never change, unless rates change for everyone under the Master Group Policy. As you age, the coverage face amount does not change, meaning the death benefit is not reduced.
The premium is the payment you make for an insurance certificate.
Your beneficiary(ies) is the person(s) you name in a life insurance policy to receive the death benefit.
Coverage is available for members and their spouses ages 45-80.
Your coverage can never be cancelled individually even if your health changes as you age. Coverage continues until age 100 as long as premiums are paid when due, you remain a union member, the group policy remains in force and is not modified by the policyholder to end insurance for the group of insureds to which you belong.
If you are diagnosed with a terminal illness or undergo an organ transplant, you can receive living benefits, which are a percentage of your available life insurance benefits. Any remaining benefits are paid to your beneficiary(ies) at time of death. The percentage of benefits is as follows:
During a union-sanctioned strike or lockout lasting 30 days or more, your premium will be waived for up to 12 months one time within a consecutive 12-month period.
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.
Policies are underwritten and issued by The Union Labor Life Insurance Company, Silver Spring, MD.
This information is only an outline of The Union Labor Life Insurance Company's Term To Age 100 Life Insurance features. Once approved for coverage, it is important that you read your Certificate of Insurance for the exact benefits, terms and conditions of this insurance plan as benefits, limitations, and exclusions may vary by age and State.
*Not available in all states.
1 Fees apply. Use of accelerated death benefits will result in a reduction of the face amount. An administration fee of up to $150 may also apply and the benefit you receive may be taxable. You should consult a tax advisor for more information. Please check your certificate for full details. Your beneficiary will be paid the remaining life insurance benefit, if any, upon your death.
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Term To Age 100 Life Insurance