Union Plus: Life Insurance

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. 

Apply now

 

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.

Search