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10-YEAR
LEVEL TERM LIFE
The 10 Year Level Term Life Insurance Plan is designed to meet the
insurance needs of American College of Emergency Physicians members
who wish to provide financial stability to their loved ones after they
are gone.
It
provides term life insurance coverage that is guaranteed for 10 years
plus an affordable group rate that is also guaranteed for 10 years – a
time when life events such as paying for children’s college education
or paying the mortgage are of prime importance.
And coverage continues at group rates after the 10 year term is
completed. Depending on your medical condition at the time, you can
either re-enter into the 10 year level term program or obtain coverage
under the group’s yearly renewable term life program.
Coverage becomes effective on the first day of the following month of
approval
for each eligible
person who pays the required premium for his or her coverage, becomes
an Insured Person on his or her Certificate Effective Date.
Termination: Coverage will terminate on the earliest to occur of:
a) The Premium Due
Date the required premium contribution is not made, subject to the
Grace Period provision; or
b) the tenth
anniversary of the certificate effective date shown in the schedule of
benefits.
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