NASW Group 50-PLUS Term Life Insurance Plan
$20,000 50-PLUS Term Life NASW Member Benefit
CURRENT STATUS: FIRST MONTH AT NO COST-Pending Activation
Based on your standing as a valued NASW Member, a $20,000 coverage offer has been authorized in your name:
- There will be NO PAYMENT for the first month courtesy of NASW Assurance Services
- There will be NO medical test or blood work.
- There is NO long form to “prove” you qualify.
- NO meeting with an agent or medical professional is required.
- No medical questions required.
Enrolling is easy using the streamlined process in this Online Benefit Center. (It takes less than 3 minutes.) Please take advantage of NASW Assurance Services first time offer-your first month’s premium will be paid for you!
Your loved ones could have $20,000 of financial protection if anything happens to you.
YOUR FIRST MONTH WILL BE PAID BY NASW ASSURANCE SERVICES!
Most NASW families have “some” life insurance. One-third of Americans would be financially impacted by the loss of the primary wage earner in just one month. Financial professionals can remind their clients that purchasing life insurance is a great way to say “I love you” to their families, by keeping them financially secure.1
That’s why NASW authorized this benefit account change for selected NASW members. NO blood work or lengthy forms to “prove” you qualify are needed. AND…NASW Assurance Services will pay your first month’s premium payment for you! After which you will pay an affordable monthly premium.
Think of it as an easy way to REINFORCE your family’s financial safety net … without jumping through the application hoops so commonly found with other life programs.
We have arranged for some important protection for you, if you’d like. You can get $20,000 and you’re guaranteed to be accepted. Many associations don’t provide this type of coverage for their Members. These premiums are at NASW’s competitive group rates.
or if you prefer, you can download a printable enrollment form here.
But that’s not all. Your $20,000 or $10,000 coverage in the NASW 50-PLUS Term Life plan also includes three valuable advantages:
- Provides funds for medical or final expenses.
- Helps assure that your spouse/domestic partner will be more financially secure throughout retirement.
- Establishes an inheritance for your children or grandchildren.
Where else can you give your loved ones an additional $20,000 with these advantages? It takes less than 3 minutes … with NO blood work or long forms to “prove” you can qualify.
1 “Insure Your Love 2016”, LIMRA International
Overview
An important part of planning for a more secure future is making sure your family will be well taken care of.
This plan can help your loved ones in the event of your death:
- Help assure that your spouse/domestic partner will be more financially secure throughout retirement.
- Help provide funds for medical or final expenses.
Coverage is available to both you and your spouse/domestic partner.
50-PLUS Group Term Life offers Life Insurance coverage – at affordable group rates. There are no cash values to increase the costs. As a member, you are able to purchase this coverage at affordable group rates. And you’ll find the rates under this plan are likely lower than comparable coverage purchased individually.
Benefits
Up to $20,000 in Life Insurance Coverage
With 50-PLUS, if you are age 50 to 64, and are a resident of the U.S., you are eligible for up to $20,000 of life insurance coverage. If you are between ages 65 and 74, you can get $10,000 of coverage.
Renewable to age 90
Coverage for both you and your spouse/domestic partner is renewable to age 90 at the premium rates current for your age and class of risk at that time.
Your Spouse/Domestic Partner Qualifies
Spouses aged 50 to 64 may enroll for up to $20,000 and Spouses between 65 to 74 may enroll for $10,000 in coverage.
You select your beneficiary
You may name any beneficiary you want, and can change the beneficiary at any time (unless you name an irrevocable beneficiary).
Rates
50-PLUS Group Term Life offers Life Insurance coverage – at affordable group rates. There are no cash values or other permanent insurance provisions to increase the costs. As a member, you are able to purchase this coverage at affordable group rates. And you’ll find the rates under this plan are likely lower than comparable coverage purchased individually.
If you are age 50 to 64, you have an option of $20,000 or $10,000 of life insurance coverage. If you are between ages 65 and 74, you can request $10,000 of coverage. The $20,000 option is only available if you are 50-64.
| MONTHLY PREMIUMS PER $10,000 | MONTHLY PREMIUMS PER $20,000 (Available only for age 50-64) | ||
| Age | Premium | Age | Premium |
| 50 | $7.87 | 50 | $15.74 |
| 51 | $8.73 | 51 | $17.46 |
| 52 | $9.70 | 52 | $19.40 |
| 53 | $10.73 | 53 | $21.46 |
| 54 | $11.87 | 54 | $23.74 |
| 55 | $13.10 | 55 | $26.20 |
| 56 | $14.33 | 56 | $28.66 |
| 57 | $15.57 | 57 | $31.14 |
| 58 | $16.80 | 58 | $33.60 |
| 59 | $18.17 | 59 | $36.34 |
| 60 | $19.77 | 60 | $39.54 |
| 61 | $21.57 | 61 | $43.14 |
| 62 | $23.63 | 62 | $47.26 |
| 63 | $25.83 | 63 | $51.66 |
| 64 | $28.17 | 64 | $56.34 |
| 65 | $30.67 | 65 | $61.34 |
| 66 | $33.30 | 66 | $66.60 |
| 67 | $36.10 | 67 | $72.20 |
| 68 | $39.13 | 68 | $78.26 |
| 69 | $42.53 | 69 | $85.06 |
| 70 | $46.40 | 70 | $92.80 |
| 71 | $50.83 | 71 | $101.66 |
| 72 | $55.73 | 72 | $111.46 |
| 73 | $61.03 | 73 | $122.06 |
| 74 | $67.07 | 74 | $134.14 |
| 75* | $73.83 | 75* | $147.66 |
| 76* | $81.00 | 76* | $162.00 |
| 77* | $89.80 | 77* | $179.60 |
| 78* | $111.40 | 78* | $222.80 |
| 79* | $122.40 | 79* | $244.80 |
| 80* | $135.60 | 80* | $271.20 |
| 81* | $150.77 | 81* | $301.54 |
| 82* | $168.53 | 82* | $337.06 |
| 83* | $189.43 | 83* | $378.86 |
| 84* | $211.73 | 84* | $423.46 |
| 85* | $236.20 | 85* | $472.40 |
| 86* | $263.23 | 86* | $526.46 |
| 87* | $292.60 | 87* | $585.20 |
| 88* | $325.26 | 88* | $650.52 |
| 89* | $357.73 | 89* | $715.46 |
*These are renewal rates only. Rates are based on the attained age of the insured and increase as you enter each new age category. You can never be singled out for a rate increase. You will be billed on a monthly basis. 32556 | |||
Terms
Effective Date of Coverage Coverage will be effective on the first day of the month following receipt of your enrollment form.
CONVERSION RIGHT: If Life Insurance coverage under The Policy ends for any reason, except non payment of premium, You and Your Dependents may have the right to convert the coverage that terminated to an individual conversion policy without providing Evidence of Insurability. Conversion is not available for any Amount of Life Insurance for which You or Your Dependents were not eligible and covered under The Policy. If coverage under The Policy ends because: 1) The Policy is terminated; or 2) Coverage for an Eligible Class is terminated; then You or Your Dependent must have been insured under The Policy for 5 years or more, in order to be eligible to convert coverage. The amount which may be converted under these circumstances is limited to the lesser of: 1) $10,000; or 2) the Life Insurance Benefit under The Policy less any Amount of Life Insurance for which You or Your Dependent may become eligible under any group life insurance policy issued or reinstated within 31 days of termination of group life coverage. If coverage under The Policy ends for any other reason, except non payment of premium, the full amount of coverage which ended may be converted.
TERMINATION: Once your enrollment form is received, you and your spouse’s policy are renewable to age 90. Your coverage will continue as long as premiums are paid when due and you remain in a class eligible for coverage, and the policy remains in effect. Your Spouse’s coverage will remain in effect as long as your coverage is active, premiums are paid and they meet the eligibility requirements. If you die while your spouse is covered under The Policy, your surviving spouse may continue his or her coverage.
GRADED DEATH BENEFIT: This plan will pay the coverage amount to your designated beneficiary upon your death, after receipt of Proof of Loss, in accordance with the Proof of Loss provision and: 1) if death is the result of an Injury and occurs during the first 2 years of coverage under the Policy, the deceased person’s Amount of Life Insurance will be paid; 2) if death is the result of sickness and occurs during the first 2 years of coverage under the Policy, the amount payable will be an amount equal to the premiums paid for coverage, with interest, using an annual interest rate of at least Our corporate interest rate; or 3) death is the result of an Injury or sickness and occurs after 2 years of coverage under the Policy, the deceased person’s Amount of Life Insurance will be paid.
SUICIDE EXCLUSION: If you or your spouse/domestic partner commit suicide while sane or insane: 1) during the first two years of coverage under the Policy, the deceased person’s Life Insurance Benefit is paid in an amount equal to the premium paid for coverage to the date of death; and 2) during the two years immediately following an increase in coverage under the Policy, the deceased person’s Life Insurance Benefit is paid in an amount equal to the Amount of Life Insurance in force prior to the increase, plus an amount equal to the premium paid for the increase to the date of death; 3) The full Life Insurance Benefit Amount for the deceased person is payable if he or she is covered under the Policy and commits suicide after the two-year period.
UNDERWRITING COMPANY: NASW has arranged for this group life insurance plan through Hartford Life and Accident Insurance Company.
Injury means bodily injury resulting:1) directly from an accident; and 2) independently of all other causes; which occurs while you are covered under The Policy.”
The product page explains the general purpose of the insurance described, but in no way changes or affects the Master Policy AGL-1909 as actually issued. In the event of a discrepancy between this product page 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.
For New York Residents: Since coverage is issued without Medical Underwriting, the premium rate being charged includes an extra mortality risk charge.
Administered by:
NASW Assurance Services
Group Insurance Program Administrators
P.O. Box 26450, Phoenix, AZ 85068
Underwritten by:
Hartford Life and Accident Insurance Company
Hartford, CT 06155
The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including issuing company Hartford Life and Accident Insurance Company.
GBD-1000 A (AGL-1909)
AGIA 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. NASW/ASI 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. Additionally, compensation is paid to or retained by the Group Policyholder (NASW/ASI) directly or indirectly for services associated with this insurance program.
This Term Life Insurance Protection, offered through NASW Assurance Services, is endorsed by the National Association of Social Workers.
Policy Form # GBD-1000 A (AGL-1909)