FPA Group Term Life and AD&D
FPA Group Term Life and AD&D
Take advantage of group rates from industry leader Metropolitan Life Insurance Company.
Apply for the level of protection you need – from $20,000 to $500,000 in increments of $10,000.
Rates are applied in 5-year age bands and adjust only when you enter a new age band.
Coverage is available for a spouse and dependent children ages 15 days to 26 years.
Accidental Death and Dismemberment Benefit and Waiver of Premium Benefit included in the standard rates – there’s no extra charge!
See Coverage Details for additional information on these valuable benefits.
Premiums are drafted each month from your checking account on or around the 5th of each month.
FPA Advantage
COVERAGE DETAILS
Whether you’re concerned about future living expenses, mortgage payments, or a child’s college education, your association’s group term life insurance plan can help protect your family’s future. A term life insurance policy can help give you peace of mind knowing that your family is protected from serious financial burdens in the event of your death. And through your professional association, you can apply for up to $500,000 of coverage at competitive rates.
Features
- Coverage options from $20,000 to $500,000.
- Rates applied in 5-year age bands
- Policy pays in addition to other insurance you may have.
- Coverage available for spouse and dependent children.
- No application fees, annuals service fees, or administrative fees.
- Premiums are drafted from you checking account on around the 5th of each month.
- Pay no money until you’re approved.
Benefits
Benefits
- Accelerated Benefits Option (ABO)*. If you, or your spouse, has been diagnosed with a terminal condition that results in an expected life span of 12 months or less, the Accelerated Benefits Option will pay up to 80.0% of the Insured’s term life amount. Upon death of the insured, the amount of insurance then payable will be reduced by the amount paid under the Accelerated Benefits Option.
- Waiver of Premium Benefit. If you become disabled while insured and before age 60, and the disability last for at least six months, your coverage will continue with no premium due. Your coverage is continued to age 65 as long as you are disabled. The plan premiums will be waived as long as you are disabled.
- Will preparation** and Metlife Estate Resolution Services: automatically included with your coverage.
- Funeral Discounts and Planning Services*** available to you at no additional cost.
Eligibility
- All eligible members and their employee’s working at least 20 hours per week, under the age of 65.
- Unmarried, dependent children between the ages of 15 days and 26 years.
- The member must be insured in order to cover dependents.