Insurance Benefits
PENNSYLVANIA NATIONAL GUARD ASSOCIATIONS
GROUP TERM LIFE INSURANCE PROGRAM
STATE SPONSORED LIFE INSURANCE (SSLI)
| TO OBTAIN MORE INFORMATION OR RECEIVE AN APPLICATION, PLEASE CALL 1-800-254-1972 |
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SPONSORED BY: The Pennsylvania National Guard Associations
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UNDERWRITTEN BY: ReliaStar Life Insurance
Company |
$1,000 of coverage provided to all current members of the Pennsylvania National Guard plus up to $50,000 in optional life insurance benefits and dependents coverage
LIFE INSURANCE BENEFITS
$1,000, $10,000, $15,000, $20,000, $25,000, $30,000, $35,000, $40,000, OR $50,000
$1000 of coverage is provided, under this program, to all active members of the Pennsylvania National Guard. In addition, $10,000 of term life insurance may be applied for during your initial enrollment period without furnishing evidence of insurability. Coverages in excess of $10,000, as well as coverage applied for after your initial enrollment period, are subject to proof of good health. This plan is underwritten by ReliaStar Life Insurance Company.
PLAN FEATURES
An additional 20% benefit at no additional cost to you is provided to active member's coverage after one year
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Premiums waived for member if disabled before age 60
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Early payout for terminal illness
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Life insurance payable in event of death from any cause
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No war exclusion
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No suicide exclusion
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No aviation exclusion
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No Hazardous Duty or Civilian Occupation Restriction
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Full conversion privilege upon individual termination regardless of health
BENEFICIARY
Your primary beneficiary will be eligible for an immediate death benefit of up to $10,000 within 24 hours of notification from the Association to ReliaStar Life Insurance Company. This benefit is designed to help with the immediate expenses surrounding the death of a member. Any death benefit payable in excess of $10,000 will be paid upon receipt of claim forms at ReliaStar's Home Office.
INDIVIDUAL TERMINATION
Basic member coverage ($1,000 benefit) terminates at age 60, or on the last day of the month in which the member is active in the National Guard. At insured's age 60, any optional coverage purchased (including Spouse and Spouse Dependent coverage) will be reduced by 50%, and the premium will remain the same. Optional coverage terminates at age 65.
CONTINUATION OF COVERAGE
Optional coverage may be continued after leaving the National Guard until age 65.
MEMBER COVERAGE
|
Monthly Coverage |
Premium |
|
$10,000 |
$3.66 |
|
$15,000 |
$5.33 |
|
$20,000 |
$7.00 |
|
$25,000 |
$8.67 |
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$30,000 |
$10.34 |
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$35,000 |
$12.00 |
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$40,000 |
$13.67 |
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$45,000 |
$15.34 |
|
$50,000 |
$17.00 |
LIFE INSURANCE FOR DEPENDENTS
(Spouse and children)
(Cannot exceed 50% of member's coverage)
|
Monthly Cost |
$3.33 |
$6.66 |
|
SPOUSE Benefit |
$5,000 |
$10,000 |
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CHILDREN Benefit | ||
|
14 days to 6 months |
$1,000 |
$2,000 |
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6 months to 2 years |
$2,000 |
$4,000 |
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2 years to 3 years |
$4,000 |
$8,000 |
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3 years to 21 years* |
$5,000 |
$10,000 |
*to age 23 if full-time student
SPOUSE INSURANCE (spouse only)
(Total combined coverage for spouse under the Dependents option and Spouse option cannot exceed 50% of Member's Coverage)
|
Monthly Coverage |
Premium |
|
$5,000 |
$2.00 |
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$10,000 |
$3.66 |
|
$15,000 |
$5.33 |
|
$20,000 |
$7.00 |
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$25,000 |
$8.67 |
Coverage is subject to renewal by the Pennsylvania National Guard Associations and timely premium payment. All rates are subject to change. This information is for purposes of illustration only. A complete description of benefits and limitations of the plan will be found in the insurance policy.
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TO OBTAIN MORE INFORMATION OR RECEIVE AN APPLICATION, PLEASE CALL 1-800-254-1972 |
