2021 Insurance Guide

Page 8

Term Life Underwritten by Boston Mutual Protect your family if something happens to you. Ensure that your family can pay the bills without your income by investing in a term life insurance policy. SEANC offers a term life insurance plan underwritten by Boston Mutual. Members can choose coverage amounts from $10,000 up to a maximum of $500,000. Guaranteed coverage up to $150,000 is available in the first 180 days of SEANC membership. Dependent coverage is available for your spouse up to $25,000. Your children are eligible for coverage up to $10,000 at a cost of only $6.75 per month. This brochure is intended only to provide a summary of available coverage.

Coverage Options Employee and Spouse

Children

• •

• •

Up to a maximum of $500,000 in coverage Guaranteed coverage up to $150,000 is available in the first 180 days of SEANC membership Spouses may be insured for up to $25,000 Your spouse under the age of 70 is eligible

• •

Insurance is available for unmarried dependent children age 14 days through age 19 (to age 25 if full-time student) Handicapped children over the age 19 are eligible Cover your children for $10,000 at a cost of only $6.75 per month

Monthly Member Rates and Sample Monthly Premium Costs Member Age

$10,000

$20,000

$50,000

$100,000

$150,000

<24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74

$0.52 $0.63 $0.81 $1.27 $1.96 $2.99 $5.06 $8.74 $12.65 $21.28 $60.61

$1.04 $1.26 $1.62 $2.54 $3.92 $5.98 $10.12 $17.48 $25.30 $42.56 $121.22

$2.60 $3.15 $4.05 $6.35 $9.80 $14.95 $25.30 $43.70 $63.25 $106.40 $303.05

$5.20 $6.30 $8.10 $12.70 $19.60 $29.90 $50.60 $87.40 $126.50 $212.80 $606.10

$7.80 $9.45 $12.15 $19.05 $29.40 $44.85 $75.90 $131.10 $189.75 $319.20 $909.15

8 | www.seanc.org/insurance

Policy Series GRTP (4/99


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