{"id":2376,"date":"2021-10-26T16:52:01","date_gmt":"2021-10-26T16:52:01","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?page_id=2376"},"modified":"2024-07-01T10:37:40","modified_gmt":"2024-07-01T14:37:40","slug":"portable-term-life","status":"publish","type":"page","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/portable-term-life\/","title":{"rendered":"Portable Term Life Features and Benefits"},"content":{"rendered":"<h2 class=\"wp-block-heading small\">10, 15 or 20 Year Term Period<\/h2>\n<p>Guaranteed issue for individuals up to age 65 with minimum participation<br \/>based on group size.<\/p>\n<ul>\n<li><strong>Face amounts <\/strong>from $5,000 to $300,000, not to exceed ten times annual employment income<\/li>\n<li><strong>Family coverage <\/strong>(spouse up to 50% of insured; $50,000 max\/ Child(ren) $5,000 or $10,000<\/li>\n<li><strong>Guaranteed Premiums<\/strong>\u2014guaranteed premiums that do not increase during the policy term<\/li>\n<li><strong>Level death benefit<\/strong>\u201410, 15 or 20 year terms: a reduction schedule applies at age 70<\/li>\n<li><strong>Portable<\/strong>\u2014No change in cost or coverage<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading small h2\">Other Valuable Advantages:<\/h3>\n<ul>\n<li><strong>Accelerated Death Benefit that can pay 50% of the face amount<\/strong>\u2014for life threatening illness that has a life expectancy of no more than 12 months (insured and spouse)<\/li>\n<li><strong>Accidental Death and Dismemberment<\/strong>\u2014pays additional benefits for an accidental loss of life or specific limb(s) (insured, spouse and children)<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"435\" src=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2021\/10\/portable-term-life-1024x435.jpg\" alt=\"Explaining Portable Term Life Features and Benefits\" class=\"wp-image-2377\" srcset=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2021\/10\/portable-term-life-1024x435.jpg 1024w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2021\/10\/portable-term-life-300x128.jpg 300w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2021\/10\/portable-term-life-768x326.jpg 768w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2021\/10\/portable-term-life.jpg 1148w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<h4 class=\"wp-block-heading\">Portable Term Life Guaranteed Issue Participation Guidelines<\/h4>\n<figure class=\"wp-block-table table\">\n<table>\n<tbody>\n<tr>\n<td><strong>Number of Lives<\/strong><\/td>\n<td><strong>Member GI<\/strong><\/td>\n<td><strong>Participation<\/strong><\/td>\n<td><strong>Spouse GI<\/strong><\/td>\n<\/tr>\n<tr>\n<td>51 through 300<\/td>\n<td>$100,000<\/td>\n<td>20%<\/td>\n<td>$20,000<\/td>\n<\/tr>\n<tr>\n<td>301 through 500<\/td>\n<td>$150,000<\/td>\n<td>15%<\/td>\n<td>$20,000<\/td>\n<\/tr>\n<tr>\n<td>501 through 750<\/td>\n<td>$150,000<\/td>\n<td>15%<\/td>\n<td>$25,000<\/td>\n<\/tr>\n<tr>\n<td>751 through 999<\/td>\n<td>$200,000<\/td>\n<td>15%<\/td>\n<td>$25,000<\/td>\n<\/tr>\n<tr>\n<td>1,000 lives and over<\/td>\n<td>$250,000<\/td>\n<td>10%<\/td>\n<td>$25,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p class=\"footnotes\">Policy Form: ALGLTP-18*<br \/>*Features &amp; form numbers may vary by state.<\/p>\n<div class=\"wp-block-group pdf-footer is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group__inner-container\">\n<p>Founded in 1943, Amalgamated Life Insurance Company has since grown into a leading provider of comprehensive insurance solutions operating in all 50 states and the District of Columbia. The Company provides competitive group products including Term Life, Medical Stop Loss, Disability and Specialty Drug Cost Management, as well as voluntary products such as Accident, Accidental Death &amp; Dismemberment, Critical Illness, Dental, Disability, Hearing, ID Theft, Legal, Portable Term Life and Whole Life, among others.<\/p>\n<p>Since 1975, Amalgamated Life Insurance Company has consistently earned the \u201cA\u201d (Excellent) Rating from A.M. Best Company attesting to its strong fiscal position and claims paying abilities. The Company is a member of the Amalgamated Family of Companies; which includes: a third party administrator, <a href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-employee-benefits-administrators\" target=\"_blank\" rel=\"noopener\" title=\"\">Amalgamated Employee Benefits Administrators<\/a>; <a href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-medical-care-management\" target=\"_blank\" rel=\"noopener\" title=\"\">Amalgamated Medical Care Management<\/a>, a medical care management firm; <a href=\"https:\/\/amalgamatedagency.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Amalgamated Agency<\/a>, a property and casualty broker; and <a href=\"https:\/\/www.aligraphics.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\">AliGraphics<\/a>, a printing firm.<\/p>\n<\/div>\n<\/div>\n<p class=\"pdf-footer-note\">The information in this product sheet is in an abbreviated form only. The actual coverage and amounts are subject to all the terms, limitations and exclusions in the policy. If the information in this product sheet differs from the Portable Term Life Policy, the terms of the policy govern.<\/p>\n<p><a href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2021\/10\/Portable-Term-Life.pdf\" class=\"cta\" target=\"_blank\" rel=\"noopener noreferrer\">Download the PDF<\/a> &nbsp;<a href=\"https:\/\/youtu.be\/nHvHOGse-Fk\" class=\"cta\" target=\"_blank\" rel=\"noopener noreferrer\">Watch the Video<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>10, 15 or 20 Year Term Period Guaranteed issue for individuals up to age 65 with minimum participationbased on group size. Other Valuable Advantages: 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&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/portable-term-life\/\" title=\"Read Portable Term Life Features and Benefits\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages\/2376"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=2376"}],"version-history":[{"count":11,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages\/2376\/revisions"}],"predecessor-version":[{"id":4253,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages\/2376\/revisions\/4253"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=2376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}