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WHAT IS 20-YEAR LEVEL TERM INSURANCE?

Term coverage is the purest kind of life insurance, with no costly savings features. Here is term life insurance you can depend on for a full twenty years, for premiums that are designed to not go up and benefit options that will not go down*. You can renew coverage up to age 75, subject to all termination of coverage provisions.

Available to HSBA members/employees and spouses age 50 and under, the Group 20-Year Level Term Life Insurance Plan helps you protect your family from the financial burdens of you or your spouse’s premature death. You can continue your insurance until age 75, provided you pay premiums when due, remain a member of HSBA, and the group policy remains in force.

You can select a coverage amount to help meet your needs, from $200,000 up to $1,000,000 (in $25,000 increments). The Plan features “Non-Tobacco Preferred” and "Non-Tobacco” rates. Plus, send no money until you are approved. (Note:  spouse coverage may not exceed 100 percent of member/employee coverage.)

*The initial premium will not change for the first 20 years unless the insurance company exercises its right to change premium rates for all insureds covered under the group policy with 60 days advance written notice.

Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy #66716-1, issued and delivered in the state of Hawaii.  The Hawaii State Bar is the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, an insurance administrator licensed in the state of Hawaii. The group policy is issued in the state of Hawaii and is governed by its laws. The Hawaii State Bar receives a fee for its endorsement of the insurance programs. The fees are used to offset the cost of program oversight and support member benefits and services.

 

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