Portable Term Life Features and Benefits
10, 15 or 20 Year Term Period
Guaranteed issue for individuals up to age 65 with minimum participation
based on group size.
- Face amounts from $5,000 to $300,000, not to exceed ten times annual employment income
- Family coverage (spouse up to 50% of insured; $50,000 max/ Child(ren) $5,000 or $10,000
- Guaranteed Premiums—guaranteed premiums that do not increase during the policy term
- Level death benefit—10, 15 or 20 year terms: a reduction schedule applies at age 70
- Portable—No change in cost or coverage
Other Valuable Advantages:
- Accelerated Death Benefit that can pay 50% of the face amount—for life threatening illness that has a life expectancy of no more than 12 months (insured and spouse)
- Accidental Death and Dismemberment—pays additional benefits for an accidental loss of life or specific limb(s) (insured, spouse and children)
Portable Term Life Guaranteed Issue Participation Guidelines
| Number of Lives | Member GI | Participation | Spouse GI |
| 51 through 300 | $100,000 | 20% | $20,000 |
| 301 through 500 | $150,000 | 15% | $20,000 |
| 501 through 750 | $150,000 | 15% | $25,000 |
| 751 through 999 | $200,000 | 15% | $25,000 |
| 1,000 lives and over | $250,000 | 10% | $25,000 |
Policy Form: ALGLTP-18*
*Features & form numbers may vary by state.