Senior Term Life Insurance

Frequently Asked Questions

COVERAGE QUESTIONS

Why is Union Plus Senior Term Life Insurance important to have?

We live longer today than we ever have before. But the more time we spend in retirement, the less likely that we'll have enough left over for final expenses and outstanding bills once we're gone.

Union Plus helps to provide economical coverage for union members and their spouses wanting the peace of mind that they are helping to ensure that their families do not inherit their bills.

And unlike other programs there's no termination age. No medical exam. And your premium is waived if you are ever confined to a nursing home* or if you've been diagnosed with a terminal illness. Plus, a "living benefit" feature allows you to collect benefits when you might need them the most - during a terminal illness.

*Nursing Home Confinement means your confinement which: begins while you are covered under the Policy; is at the direction of a Physician; and has existed continuously for a period of at least 180 days.

How does the benefit work and pay?

The Senior Term Life Insurance plan pays your beneficiary anywhere from $5,000 to $25,000 of benefits - depending which amount you choose when applying - if you die from a covered illness or accident.

Your premium is based on your age when you purchase the policy. Rates increase when you enter a new age band. At age 75, if greater than $5,000, benefits will reduce by 50%, and will reduce again to $5,000 at age 80.

Is a medical exam necessary?

No medical exams will be required. Medical suitability is determined by a review of the answers to questions on the application.

What makes Union Plus different?

Union Plus is different because:

Is there any time when someone wouldn't be covered?

If a person commits suicide - while sane or insane - during his or her first two years of coverage, the policy will only pay an amount equal to the premium paid for coverage to the date of death.

Are there any age requirements?

Yes, only active and retired members age 55 to 74 and their spouses/domestic partners ages 55 to 74 are eligible. There's no termination age.

For what reasons could my insurance be terminated?

Your insurance would be terminated:

-Insurance for your spouse or covered dependent would be terminated on the earliest to occur of:

However, if dependent's coverage would terminate because of your death, coverage will continue until the Premium Due Date on or next following your death unless continued in accordance with the Surviving Spouse Continuation provision.

Are there restrictions on how my beneficiary can use the benefit money?

No, the money can be used at his/her discretion.

Does my spouse or domestic partner have to purchase the same benefit as me, the union member?

Spouses (or domestic partners) may choose a different level amount.

When does coverage become effective?

Coverage becomes effective on the first day of the month after your application is approved and the premium is paid.

If I (the insured member) die, can my spouse or domestic partner continue coverage?

Yes, spouses (or domestic partners) can continue coverage if they are insured with their own policy prior to the member's death.

EXCLUSION QUESTIONS

Are there any exclusions to the policy coverage?

If a person commits suicide - while sane or insane - during his or her first two years of coverage, the policy will only pay an amount equal to the premium paid for coverage to the date of death.

RATE QUESTIONS

Can I be singled out for a rate increase?

No, rates are based on the age band you are in at the time the policy is in effect. Rates change as you enter a new age bracket or rates may be changed on a class basis.

Can the coverage be paid by credit card or through an automatic checking account deduction?

Yes, members who apply will have various payment options when they receive their policy.

Underwritten by: Hartford Life and Accident Insurance Company, Hartford, CT 06155

Terms

Senior Term Life Insurance Terms & Conditions

Suicide: If a Covered Person commits suicide:

The policy will only pay an amount equal to the premium paid for coverage to the date of death. The Life Insurance Benefit is payable if a Covered Person is insured under the Policy and commits suicide after the two year period.

Exclusions: The two year suicide exclusion, stated above, will also apply if a Covered Person commits suicide during the two years immediately following an increase in coverage under the Policy. In that event, the Amount of Insurance payable will equal the Amount of Insurance in force prior to the increase plus an amount equal to the premium paid for the increase to the date of death.

GRADED DEATH BENEFIT: During the first two years of coverage the benefit payable for death due to sickness will be the premiums paid plus interest.

Notice of Insurance Information Practices

This website explains the general purpose of the insurance described, but in no way changes or affects the Master Policy AGL-1661 as actually issued. In the event of a discrepancy between this brochure and the policy, the terms of the policy apply. All benefits are subject to the terms and conditions of the policy. Policies underwritten by Hartford Life and Accident Insurance Company detail exclusions, limitations, reduction of benefits and terms under which the policies may be continued in full or discontinued. Complete details are in the Certificate of Insurance issued to each insured individual and the Master Policy issued to the policyholder. This program may vary and may not be available to residents of all states.

In CA: A.G.I.A., Inc., License #0549207. J. Christopher Burke CA Insurance License #0F709407. J. Christopher Burke AR Insurance License #8876308.

The Hartford® is The Hartford Financial Services Group, Inc., and its subsidiaries, including issuing company Hartford Life and Accident Insurance Company. Acceptance into this plan and premium rates are subject to medical evidence of insurability as determined by The Hartford and underwriting guidelines. As part of the evidence of insurability process evidence of good health may be required.

Underwritten by: Hartford Life and Accident Insurance Company, Hartford, CT 06155

AGIA, Inc. is the Plan Administrator that administers the insurance plan on behalf of the Hartford Life and Accident Insurance Company for the benefit of the Group Policyholder.

Union Privilege is compensated for the placement of insurance and for the services it provides to customers on behalf of the insurance company, in addition to other compensation it may receive.

This is a participating group policy under which dividends and/or experience credits may be paid to the group policyholder.

 

AGIA is a member of the Better Business Bureau