Senior Term Life Insurance

Senior Term Life Insurance  

Overview

At a Glance

As a NARFE member in good standing, you can now qualify for this NARFE Member benefit. The NARFE Senior Term Life Insurance Plan is designed for Members ages 50-74. The Senior Term Life plan offers coverage amounts between $5,000 and $25,000* ($5,000 or $10,000* for ages 65-74). With no medical exam required, the NARFE Senior Term Life plan may be right for you. 


Benefit Features: 

  • Coverage available from $5,000 to $25,000* in increments of $5,000 for members ages 50-64 ($5,000 or $10,000 for members ages 65-74)
  • Choice of Coverage Amounts
  • Economical Group Rates
  • Spouse Coverage Available
  • No Medical exam required
     

* At age 80, coverage, if greater than $5,000, will reduce to $5,000 with an appropriate adjustment in premium. Coverage may vary and may not be available in all states.

 

Click for detailed plan information including rates, costs, exclusions, limitations and terms of coverage.

Enrollment Form and Brochure

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

Tell Me More

  • Plan Details

     

    Monthly Group Rates

     

    Member or Spouse Ages 50-64

     

     

    Attained Age

    $25,0001

    $20,0001

    $15,0001

    $10,0001

    $5,000

    50-54

    $22.75

    $18.20

    $13.65

    $9.10

    $4.55

    55-59

    $36.50

    $29.20

    $21.90

    $14.60

    $7.30

    60-64

    $58.00

    $46.40

    $34.80

    $23.20

    $11.60

    65-69

    $90.00*

    $72.00*

    $54.00*

    $36.00

    $18.00

    70-74

    $140.00*

    $112.00*

    $84.00*

    $56.00

    $28.00

    75-79

    $244.25*

    $195.40*

    $146.55*

    $97.70*

    $48.85

    80-84

    N/A

    N/A

    N/A

    N/A

    $84.60*

    85-89

    N/A

    N/A

    N/A

    N/A

    $147.40*


    *Renewal premiums only. Members ages 50–64 can apply for up to $25,000 (in $5,000 increments). 
    1At age 80, coverage, if greater than $5,000, will reduce to $5,000 with an appropriate adjustment in premium. Your coverage cannot be canceled as long as you remain a member of the National Active and Retired Federal Employees Association, pay your premiums on time and the Master Policy remains in force. Coverage for your spouse will continue for as long as he/she remains eligible due to age and marital status. Full details are contained in the Certificate of Insurance, which will be issued to persons who become insured under the Plan. The Plan may not be available to residents of all states. This Plan terminates at age 90.

     

     

    Monthly Group Rates

    Member or Spouse Ages 65-74

     

     

    Attained Age

    $10,0001

    $5,000

    65-69

    $36.00

    $18.00

    70-74

    $56.00

    $28.00

    75-79

    $97.70*

    $48.85

    80-84

    N/A

    $84.60*

    85-89

    N/A

    $147.40*


    *Renewal premiums only. Members ages 65–74 can only apply for $10,000 or $5,000. 
    1At age 80, coverage, if greater than $5,000, will reduce to $5,000 with an appropriate adjustment in premium. Your coverage cannot be canceled as long as you remain a member of the National Active and Retired Federal Employees Association, pay your premiums on time and the Master Policy remains in force. Coverage for your spouse will continue for as long as he/she remains eligible due to age and marital status. Full details are contained in the Certificate of Insurance, which will be issued to persons who become insured under the Plan. The Plan may not be available to residents of all states. This Plan terminates at age 90. 
    You will be billed four times a year. If applicable, an additional $2.00 billing fee will be included on your billing notice payable to the administrator. To save the fee, select Electronic Funds Transfer (EFT) as a safe and secure payment option.
     

    Rates and/or benefits may be changed on a class basis. Rates are based on the attained age of the Insured Person and increase as you enter each new age category. 
    Coverage begins on the first day of the month following approval by the Insurer and payment of first premium. Coverage continues with no decrease in coverage until you reach age 80.
     

    Eligibility: As an active NARFE member, between the ages of 50 and 74, and a resident of the U.S., you and your Spouse are eligible for coverage. Your Spouse may not be legally separated or divorced from you.
     

    Termination: Coverage will end on the earliest to occur of: the date the Master Policy terminates; or the premium due date on or next following the date you: a) cease to be an active member of NARFE; b) attain age 90; the date you are no longer in a class eligible for coverage, or the class is canceled; or the premium due date that you fail to pay any required premium, subject to the Individual Grace Period. Your dependent’s coverage will remain in effect as long as your coverage is active, premiums are paid, and they meet the eligibility requirements.
     

    Exclusions: If a Covered Person commits suicide, while sane or insane, during his or her first two years of coverage under the policy, we will only pay an amount equal to the premium paid for coverage to the date of death.
     

    Effective Date: Your coverage will become effective the first of the month upon receipt of the Enrollment form and your first premium payment.
     

    Graded Death Benefit: During the first two years of coverage the benefit payable for death due to sickness will be the premiums paid plus interest.
     

    Limitations: If you or your dependent die while covered under The Policy, we will pay the deceased person’s Life Insurance Benefit after we receive Proof of Loss, in accordance with the Proof of Loss provision and: 1) if death is the result of an Injury and occurs during the first 2 years of coverage under The Policy, we will pay the deceased person’s Amount of Life Insurance; 2) if death is the result of Sickness and occurs during the first 2 years of coverage under The Policy, the amount payable will be an amount equal to the premiums paid for coverage, with interest, using an annual interest rate of at least The Company’s corporate interest rate; or 3) if death is the result of an Injury or Sickness and occurs after 2 years of coverage under The Policy, we will pay the deceased person’s Amount of Life Insurance.


    Accelerated Death Benefit Description: 
    If a Covered Person:

    1. is under age 80;
    2. is covered for a term life insurance benefit amount under the policy of at least $5,000;
    3. is diagnosed as Terminally Ill while covered under the policy, with a life expectancy of 6 months or less, and gives us satisfactory proof of such Terminal Illness; and
    4. requests in writing a portion of the amount of his or her life insurance benefit be paid as an accelerated benefit; we will pay an Accelerated Death Benefit up to 50% (maximum $12,500) of the Covered Person’s Life Insurance Benefit.


    Upon satisfactory proof of the Covered Person’s Terminal Illness, we will also:

    1. continue his or her life insurance; and
    2. premiums for such insurance will be based on the remaining amount of life insurance after the Accelerated Benefit is paid.

     

    However, continued insurance will be subject to any reductions in amounts of insurance provision under the policy. Termination of the policy will not affect such continuation.

     

    The Covered Person’s Amount of Life Insurance payable upon his or her death will be reduced by any Accelerated Benefit Amount already received under this benefit. Receipt of accelerated benefits may be taxable. Seek assistance from your personal tax advisor for more information.¹
     

    ¹This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.

     

    Important Definition: Injury means bodily injury resulting directly from an accident, and independently of all other causes, which occurs while covered under the policy. Loss resulting from Sickness or disease, except a pus- forming infection which occurs through an accidental wound, or medical or surgical treatment of a Sickness or disease, is not considered as resulting from Injury.

     

    Life Form Series includes GBD-1000, GBD-1100, or state equivalent

Eligibility

Where available

This program may vary and may not be available in all states.

Notes

Available to NARFE members and spouses ages 50-74 who reside in the U.S. 


Details

 

Summary*

Type of Insurance

Group Senior Term Life Insurance

Designed for

NARFE members and spouses ages 50-74 

Underwritten by

Hartford Life and Accident Insurance Company

Policy Form Number

Life Form Series includes GBD-1000, GBD-1100, or state equivalent 

Group Policy Number

AGL-1941 



*This is a listing of highlights for the above Insurance plan. Be sure to review the entire website for a detailed plan description.

 

Important Notes:

This website explains the general purpose of the insurance described, but in no way changes or affects the policy as actually issued. In the event of a discrepancy between this website and the policy, the terms of the policy apply. All benefits are subject to the terms and conditions of the policy. Policies underwritten by Hartford Life and Accident Insurance Company detail exclusions, limitations, reduction of benefits and terms under which the policies may be continued in full or discontinued. Complete details are in the Certificate of Insurance issued to each insured individual and the Master Policy issued to the policyholder. This program may vary and may not be available to residents of all states.

Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

Program Administrator

 Address
Mercer Consumer
12421 Meredith Drive
Urbandale, IA 50398
 Phone
1-800-233-5764
 Hours
 M-F 7a-5p CT
 Email
narfe.service@mercer.com
 Website
https://www.mercer-web.com/products/mercerhealthbenefits.html

 

Insurance Company

 Address
Hartford Life and Accident Insurance Company
One Hartford Plaza
Hartford, CT 06155
 Website
https://www.mercer-web.com/products/thehartford.html

FAQs

Answers about the plan, including eligibility, options, enrollment, customer service and more.
  • What if I have second thoughts after I enroll?

    As soon as your Senior Term Life benefits are set up, you’ll receive an official Certificate of Insurance. Look it over for a full 30 days. If you are not satisfied with the terms of the certificate, simply return it to the Program Administrator and any premiums paid will be refunded in full, minus any claims paid.

  • How do I enroll?

    To enroll, download an Enrollment Form in the "Enrollment Form and Brochure" section.

  • Do I have to meet with an insurance agent?

    Issuance of this policy is handled over the Internet and the mail. You can review the materials in the privacy of your home and purchase your policy directly through the mail without meeting with an agent. You can, of course, talk to a licensed representative if you’d like by calling 1-800-233-5764. Please click the "Enrollment Form and Brochure" section to download an enrollment form. 

    Life Form Series includes GBD-1000, GBD-1100, or state equivalent

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.