Broker Exchanges

Plan Description

Plan Availability	All States
Enrollment Deadline	18th of month Prior to Effective date
Benefit Amounts	Maximum coverage 3 times salary up to $250,000 Guaranteed issue No Questions
Eligibility	Must meet the following criteria to be eligible for coverage: 1. full-time employment, working 20 or more hours per week, 2. 30 days of continuous employment with the employer, 3. actively at work on the effective date of coverage, and 4. Must be between 18 and 69 years of age for Guaranteed Issue.
Waiver of Premium Rider	All premiums related to the covered person’s coverage, will be waived once the covered employee has been totally disabled for six consecutive months. Premiums will continue to be waived as long as the covered employee is totally disabled.
Portability Provision	If the covered person’s loses employment with the employer or changes jobs, the covered person’s has the option to continue coverage and pay premiums.
Conversion Option	When coverage terminates, the covered person’s has the option to convert the Term Life coverage to a Permanent life insurance plan offered by the carrier at the same Death Benefit level.
Age Reduction Formula	Benefits decrease to: 65% of their benefit at the employee’s age 65; 50% at employee’s age 70; 25% at employee’s age 75; and terminate at retirement.
Underwritten by