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Term Life Insurance

Term life insurance is life insurance in force for a set period of time, typically 10, 15, 20 or 30 years. The death benefit remains level throughout the specified term. It is often the least expensive form of life insurance coverage but is most effective when the need for coverage is of short duration - 10 to 15 years. Term life insurance, when purchased through a group or association, often has age banded rates. This means that your premiums increase as you move into a new age bracket, which are most often structured in five year increments. Medical underwriting may be more streamlined than for an individual policy but the amount of coverage available is usually less than for an individual policy. Both group and individual term life insurance policies may have conversion privileges - the capability to convert a term life insurance policy to a permanent or whole life policy.

Member Advantages:

  • Group rates
  • Volume discounts available to members, their spouses, children and employees
  • Accidental Death and Dismemberment coverage available as a rider option


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