Term Life Coverage
Term Life Coverage
Your members have worked hard to save, plan, and prepare—all to give their families the best life they can provide. As their trusted financial advisor, your Credit Union has been a big part of that planning, offering valuable tools to help your members save and reach their financial goals. You can provide even more assistance by offering your members Group Term Life Insurance from a trusted, best-in-class insurance carrier.
With a streamlined simplified issue application, your members are just a few health questions away from up to $500,000 of Term Life coverage, with no physical exams (in most cases). The policy includes an Accelerated Death Benefit paying cash advances against the death benefit upon the diagnoses of a terminal illness and can cover both your spouse and children. Streamlined, limited underwriting makes for a convenient, unobtrusive enrollment, but keeps premiums lower than guaranteed issue products.