TERM LIFE: LEVEL PREMIUM

 Coverage is provided by Monumental Life Insurance Company.


Product Highlights
  • No Medical Exam Required

  • Your premium from your life quote will remain the same: We will not increase it based on your answers on your application.

  • 30-Day Free Look: If you're not satisfied for any reason, you may return your certificate of insurance within 30 days after receipt. Your premium will be refunded. When so returned, the certificate is void from the beginning.

  • Firm Quotes: Unlike other life insurance quotes, you can get online, we won't quote the low, preferred rate and then raise the rates you actually pay based on your answers to health questions on the application. If you're accepted for coverage, you will pay the rate we quote.

  • Eligibility: All GEA members and spouses under age 65 are eligible to apply for coverage. Unmarried dependent children under age 21 can also be covered under the plan.

  • Member Benefit: Select one to five units of coverage. At age 45, your benefit amount decreases, keeping your coverage affordable.

  • Spouse Benefit: If you select the family plan, your spouse's coverage will be 50% of your life insurance benefit.

  • Child Benefit: The benefit amount for each child, if child coverage is selected, is $10,000. The amount of Life Insurance on the life of each Dependent Child age 14 days or older but less than 6 months of age is $2,500.
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Benefits Payable

  • Benefits are payable for death by any cause, anywhere in the world.
    Exception: suicide within the first two years of coverage (one year in Colorado and North Dakota)

  • The Benefit can be paid in one lump sum or installments—the choice is yours.

  • Covered children have the opportunity to purchase a permanent life insurance policy when they reach age 21. The benefit amount of the new policy will equal the child benefit amount provided under the member’s plan
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Effective Date of Coverage
Coverage will be effective on the date shown on the certificate schedule issued to you upon approval of your application, provided the initial premium is paid when due and is received during your lifetime.
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About the Insurance Company
Coverage is provided by Monumental Life Insurance Company. Coverage is not available in all states. Monumental Life Insurance Company is rated A+ (Superior) for financial condition by A. M. Best Company and is rated AA+ (Very Strong) for claims paying ability by Standard and Poors, independent analysts of the insurance industry.
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Coverage is not available in all states.