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Senior Term Life Insurance
Protecting Your Loved Ones Financial Future

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

STL Product Overview

Senior Term Life Insurance Plan

Union Plus provides economical Senior Term Life insurance coverage for older, active and retired union members and their spouses wanting the peace of mind of helping to ensure that their families do not inherit all of their bills. You've already given your family everything over the years. Here's an opportunity to help make sure they aren't left with the burden of final expenses once you're gone.

Senior Term Life Insurance

Overview

ABOUT UNION PLUS SENIOR TERM LIFE INSURANCE

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

Unlike other term life insurance programs there's no termination age and no medical exam. Your insurance premium is waived if you are ever confined to a nursing home. Plus, a "living benefit" feature allows you to collect benefits when you might need them the most - during a terminal illness.

Clear and simple, Union Plus is practical senior life insurance coverage for today's needs.

Eligible to Apply

  • Available to spouses/domestic partners ages 55 - 74.
  • At age 75, if greater than $5,000, benefits will reduce by 50% and will reduce again by 55,000 at age 80.

 

 

Benefits

SENIOR LIFE INSURANCE BENEFITS

  • Choose your level of protection: benefits paying from $5,000 to $25,000, you select the amount of protection you want to purchase.
  • Pays in addition to any other benefits you may have because employer-sponsored retirement plans may not provide the protection you need.
  • Coverage without re-application or underwriting: You'll never have to fill-out another form or answer any questions as long as you keep the policy.
  • No medical exams are required: The application process is made simple.
  • Premiums are waived if you become terminally ill or become nursing home confined.
  • Pays benefits for loss of life by accident or illness anywhere in the world.
  • At age 75, if greater than $5,000, benefits will reduce by 50%, and will reduce again to $5,000 at age 80.
  • Spouse or domestic partner are also eligible to apply.
  • Your coverage becomes effective the first of the month following our receipt of your approved application and first premium payment.

60-DAY SATISFACTION GUARANTEE:

Upon acceptance into this insurance plan, you'll receive a Certificate of Insurance. You have up to 60 days from the Effective Date to review your Certificate of Insurance without any obligation. If you do not like what you see, simply return the Certificate of Insurance within that timeframe, and any premiums paid will be refunded. Hassle free.

 

 

Rates

Union Plus Senior Term Insurance Rates

MONTHLY RATES

Monthly Premiums Initial Benefit Amount Equal To:

Age

$5,000

$10,000

$15,000

$20,000

$25,000

55-59

$10.14

$16.63

$23.13

$29.63

$36.12

60-64

$13.43

$23.22

$33.00

$42.79

$52.58

65-69

$17.02

$30.39

$43.78

$57.15

$70.53

70-74

$23.43

$43.21

$62.99

$82.78

$102.56

75-79*

$37.86

$75.72

$101.80

$133.76

$165.74

At age 75, if greater than $5,000, benefits will reduce by 50%, and will reduce again to $5,000 at age 80.

Age

$5,000

*80-84

$57.63

*85-89

$90.08

*90-94

$133.06

*95-99

$184.07

*For renewal purposes only.

Rates and/or benefits may be changed on a class basis. Rates for age 75 and over are for renewal only. Rates are based on the attained age of the Insured Person and increase as you enter each new age category. If you select a credit card or checking/savings (ACH), as your payment method, your premiums will be charged monthly. For direct billing (paper bill) you will be billed on a quarterly basis.

If you select a credit card or checking/savings (ACH), as your payment method, your premiums will be charged monthly. For direct billing (paper bill) you will be billed on a quarterly basis

 

 

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:

Serves active and retired union members age 55 and over and their families - exclusively - and is able to provide specially arranged rates typically reserved only for large groups.

Receives strict oversight by the Member Benefit Fund trustees of the AFL-CIO.

There's no medical exam required. Medical suitability is determined by a review of the answers to questions on the application.

Does not use gender distinctions as a way to set rates.

Spouse or domestic partner can apply for coverage.

Provides you a 60-day review period with a satisfaction guarantee if you decide that this coverage is not right for you.

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:

-if you stop paying your premium

-if the master policy is no longer in effect

-upon reaching the Premium Due Date on or next following the date you cease to be a member of the Policyholder

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

-the date the Policy is cancelled; or

-the Premium Due Date on or next following the date he or she is legally separated or divorced from you; or

-the Premium Due Date the required premium is not made, subject to the Grace Period provision; or

-the date Your coverage terminates.

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:

a. while sane or insane;

b. during his or her first two years of coverage under the Policy;

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.

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

 

Union Form Download

Form Download
Important-Replacement-Notice.pdf Download
Senior-Term-Life-Application-(NY).pdf Download
Senior-Term-Life-Application.pdf Download
Important-Replacement-Notice.pdf
Download
Senior-Term-Life-Application-(NY).pdf
Download
Senior-Term-Life-Application.pdf
Download

Senior TL Statement

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

May not be available in all states.

Life Form Series includes GBD-1000, GBD-1100, or state equivalent.

Form PA-9199

GROUP TERM LIFE INSURANCE CERTIFICATE WITH GRADED DEATH BENEFIT