Thinking About Your Future and Your Financial Needs? The North Carolina National Guard Association offers the following life insurance options: A Group Term Policy for Active Guard members A Whole Life Policy for Active or Separated Guard members Need to update your beneficiary for your NCNGA life insurance? Click here for the form you will need to complete and return. NCNGA Group Term Policy for Active Members:
A Whole Life Policy for Active or Separated Guard Members and/or their families:
Coverage of $10,000 for as little as $3.66 per month, up to $50,000 for $17.00 per month.
Coverage of $2,500 – $100,000 is available (rates based on age)
Premiums are deducted from National Guard pay
Coverage of $7,500 available for children (regardless of number), under the age of 18 for only $6.50 if purchased with parent’s coverage. Remains in force until age 25, and can then be converted up to 5x the benefit amount.
Claim Paid within 24-48 hours No War or Aviation Exclusions Coverage is also available for your spouse and dependent children
No War or Aviation Exclusions May be purchased between the ages of 18 – 65
Coverage may be continued following separation from Guard
Premiums and coverage are level for the duration of the policy
Premiums are level term until age 65
Accrues a cash value over time
Automatic conversion to a whole life policy without proving insurability
May be drafted monthly from a bank account