Joint Term Life

Eligibility

All active members of the Association and their spouses* who are under age 65 and permanently reside in the United States are eligible to apply for coverage under the Joint Term Life plan.  Acceptance into this plan is subject to medical evidence of insurability as determined by Hartford Life.*

*Coverage cannot be duplicated when both spouses are eligible members.  Legally separated or divorced spouses are not eligible for this program

The Joint Term Life Benefit

You and your spouse may select a coverage amount from $10,000 up to a maximum benefit of $250,000 in $10,000 increments.  This benefit protects both you and your spouse and is paid once, on the life of the first spouse to die.  Coverage for the surviving spouse terminates 31 days after the death of a spouse.

Double Benefits

If both you and your spouse die within 31 days of each other, the Joint Term Life benefit will be paid on the life of each spouse.

Smoker and Non-Smoker Rates Available

If both you and your spouse are non-smokers, lower rates are available (as shown below).  If either you or your spouse smoke, then smoker rates must be used.  A non-smoker is one who has not smoked cigarettes, cigars or a pipe, or used chewing tobacco, nicotine chewing gum or snuff during the 12 months before submitting an application for life insurance.

Quarterly Rates per $10,000 of Benefit

One or more children:  $2.10 ($100/$2,500 Benefit)

*Premium rates for persons age 65 or older are for renewal only.

Rates are based on the age of the older spouse at application and on each premium renewal date.  Hartford Life reserves the right to change premiums on a group basis.  On the premium due date after the oldest spouse reaches age 65, the amount of the Joint Term Life coverage will be reduced to the lesser of 50% of the benefit amount or $50,000.  Coverage terminates at age 70.