Group Term Plan
LIFE INSURANCE BENEFITS
$10,000, $15,000, $20,000, $25,000, $30,000, $35,000, $40,000, $45,000, $50,000
- Life Insurance payable in event of death from any cause.
- Coverage is twenty-four hours a day, 365 days a year.
- No War Clause.
- No Aviation Exclusion.
- No Suicide Clause.
- No Hazardous Duty or Civilian Occupation Restriction.
- Full Conversion privilege upon termination, regardless of health.
ELIGIBILITY
$10,000 BASIC BENEFIT
Any member within the ninety (90) days after joining the National Guard may enroll at any time prior to the 91st day after joining without furnishing evidence of insurability.
If a member does not apply within the ninety (90) day period after joining the National Guard, he may still apply, but the Company reserves the right to accept or reject his application.
Members have the option of applying for additional insurance, up to $50,000, by submitting evidence of insurability satisfactory to the Company.
BENEFICIARY
Benefits will be paid to the member's beneficiary named in the application either in a lump sum payment or annual or monthly installments as directed by the beneficiary. If no beneficiary is living at the death of the Insured member, the amount shall be paid to the duly qualified executors or administrators of the member's estate.
 ADMINISTERED BY:
The National Guard Association of Arkansas
FOR FURTHER INFORMATION WRITE OR CALL:
ARKANSAS NATIONAL GUARD
GROUP LIFE PLAN
Post Office Box 663
North Little Rock, Arkansas 72115-0663
(501)758-6422 or 1-800-522-1617
UNDERWRITTEN BY:
American Equity Investment Life
Insurance Company
Des Moines, Iowa
INDIVIDUAL TERMINATION
Insurance coverage will terminate the date this policy or section of this policy under which coverage is offered ends, or the last day of the month for which premiums have been paid (subject to the grace period).
This coverage may be continued after leaving the National Guard until age 65.
The insurance coverage elected will remain level until age 60. When the insured attains age 60 (Guard Member, spouse or dependent), the benefits will be reduced by 50% and the premium will remain the same. All optional coverage's expire on the last day of the month in which the member attains age 65.
CONVERSION PRIVILEGE
If life insurance ceases because of termination of membership in the classes eligible for insurance under this program or separation from the National Guard, coverage may be converted to an individual policy. See your certificate for details and requirements.
MESSAGE FROM YOUR ASSOCIATION
Help yourself, your family, and fellow Guardsmen - enroll today. Complete the application and submit with authorization to your unit administrator.
POLICY FOR MAKING APPLICATION
Application for coverage may be made at any time, except after unit federal mobilization or alert for federal mobilization. All applications in force prior to unit federal mobilization or alert for federal mobilization will be honored and continued while on active duty. |
NOW AVAILABLE UP TO $50,000
OPTIONAL LIFE INSURANCE BENEFITS
INDIVIDUAL CERTIFICATES
Each member enrolled will receive a certificate giving a complete statement of the benefits as outlined. Attached riders will detail additional benefits.
| MONTHLY PREMIUMS (Guard Member) |
| AMOUNT |
PREMIUM |
| $10,000 |
$3.65 |
| $15,000 |
$5.35 |
| $20,000 |
$7.00 |
| $25,000 |
$8.65 |
| $30,000 |
$10.30 |
| $35,000 |
$11.95 |
| $40,000 |
$13.60 |
| $45,000 |
$15.25 |
| $50,000 |
$16.90 |
| LIFE INSURANCE FOR DEPENDENTS |
| SPOUSE |
$5,000 |
$10,000 |
| CHILDREN: |
| 14 days to 6 months |
$1,000 |
$2,000 |
| 6 months to 2 years |
$2,000 |
$4,000 |
| 2 years to3 years |
$4,000 |
$8,000 |
| 3 years to 21 years* |
$5,000 |
$10,000 |
| *Remains in effect to age 23 if dependent is full-time student. |
| DEPENDENT INSURANCE (Includes Spouse) |
| $ 5,000 Coverage - $3.33 |
$10,000 Coverage - $6.66 |
| Cannot exceed 50% of member's coverage. |
| SPOUSE INSURANCE (Stand Alone) |
| $10,000 Spouse Insurance |
$3.65 |
| $15,000 Spouse Insurance |
$5.35 |
| $20,000 Spouse Insurance |
$7.00 |
| $25,000 Spouse Insurance |
$8.65 |
| Cannot exceed member's coverage. |
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