Source: Union Plus
Term-to-70 Life Insurance Plan
September is Life Insurance Awareness Month
You’ve worked hard to keep your family secure, but unexpected situations can happen.
That’s why it’s important to get a life insurance plan that helps protect your family’s financial future.
Go to My Account to set up Auto-Pay, make a one-time payment, review important product information and more.
Why should I get Term-to-70 Life Insurance?
Term-to-70 Life Insurance helps protect your family from the financial burden of an unexpected death. The costs of funeral arrangements and outstanding bills are high enough, not to mention the day-to-day bills (mortgage, car payment, college tuition, etc.) your family will face when you’re gone. And with today’s rising costs and debt, many employer-sponsored life insurance plans may not provide enough coverage alone.
What makes the Union Plus plan different?
Union Plus Term-to-70 Life Insurance exclusively serves union members and their families. We’re able to provide specially arranged rates typically reserved only for large groups.
- Coverage without re-application, underwriting, or changes to your benefits until age 70 when you can convert to the Senior Term Life insurance plan without any medical questions.
- Provides a waiver of premium—which means, you don’t have to make any payment—for up to 3 months during a union-sanctioned strike, involuntary layoff or lockout lasting 30 days or more and is subject to a 30-day waiting period. This is a union-member-only benefit.
- Unlike some other insurance administrators, Union Plus does not ask you to take a medical exam, depending on your answer to the health questions on the application, for coverage up to and including $200,000 in order to receive coverage.
- Provides you a 60-day review period with a satisfaction guarantee if you decide that this coverage is not right for you.
- Gives you a US-based, toll-free customer service support phone number.
Union Plus Term-to-70 Life Insurance rates
And, in case you missed it, last year Union Plus negotiated 12% lower premiums for the Union Plus Term-to-70 Life Insurance Plan. The reduced rates applied to all union members, including the thousands who had already purchased coverage. As a union member you are eligible for this valuable term life insurance at affordable rates not available to the general public.
The Term-to-70 Insurance Plan offers rates in 5-year age bands. All premiums are based on each person’s smoking status and age at time of issuance and change when the person attains a new age bracket.
You are considered a non-smoker if you have not smoked cigarettes or cigars, or used a pipe, chewing tobacco, nicotine products or snuff during the 12 months before applying for insurance.
You select the amount of protection you want to purchase.
Non-smoker monthly rates
| Age | $25,000 | $50,000 | $75,000 | $100,000 | $150,000 | $200,000 |
|---|---|---|---|---|---|---|
| 18-29 | $2.00 | $4.00 | $6.00 | $8.00 | $12.00 | $16.00 |
| 30-34 | $2.05 | $4.10 | $6.15 | $8.20 | $12.30 | $16.40 |
| 35-39 | $2.45 | $4.90 | $7.35 | $9.80 | $14.70 | $19.60 |
| 40-44 | $3.45 | $6.90 | $10.35 | $13.80 | $20.70 | $27.60 |
| 45-49 | $5.30 | $10.60 | $15.90 | $21.20 | $31.80 | $42.40 |
| 50-54 | $8.20 | $16.40 | $24.60 | $32.80 | $49.20 | $65.60 |
| 55-59 | $13.35 | $26.70 | $40.05 | $53.40 | $80.10 | $106.80 |
| 60-64 | $21.45 | $42.90 | $64.35 | $85.80 | $128.70 | $171.60 |
| 65-69* | $33.95 | $67.90 | $101.85 | $135.80 | $203.70 | $271.60 |
Smokers Monthly Rates
| Age | $25,000 | $50,000 | $75,000 | $100,000 | $150,000 | $200,000 |
|---|---|---|---|---|---|---|
| 18-29 | $3.40 | $6.80 | $10.20 | $13.60 | $20.40 | $27.20 |
| 30-34 | $3.80 | $7.60 | $11.40 | $15.20 | $22.80 | $30.40 |
| 35-39 | $4.80 | $9.60 | $14.40 | $19.20 | $28.80 | $38.40 |
| 40-44 | $6.95 | $13.90 | $20.85 | $27.80 | $41.70 | $55.60 |
| 45-49 | $11.15 | $22.30 | $33.45 | $44.60 | $66.90 | $89.20 |
| 50-54 | $17.40 | $34.80 | $52.20 | $69.60 | $104.40 | $139.20 |
| 55-59 | $27.85 | $55.70 | $83.55 | $111.40 | $167.10 | $222.80 |
| 60-64 | $42.55 | $85.10 | $127.65 | $170.20 | $255.30 | $340.40 |
| 65-69* | $63.20 | $126.40 | $189.60 | $252.80 | $379.20 | $505.60 |
NOTE: PREMIUMS ARE PAID MONTHLY.
*Rates for age 65-69 are for renewal purposes only. Rates and benefits may be changed only on a class basis. Rates are based on the attained age of the insured person and increase as you enter each new age category.
