Assurity Group Term Life Insurance

Assurity Life’s Group Term Life Insurance offers a solid foundation for an employer’s benefits package by providing basic financial protection for families. Group Life is available for employees, spouses and dependent children.

Strategic Elements

Flexible Plan Designs
Group Term Life coverage can be based on different criteria – flat amount, multiples of salary, class or a combination of all three. Assurity Life’s position of strength is in developing and issuing superior, nondiscriminatory plan designs.

Competitive Pricing
Assurity Life has a proactive pricing attitude, and in the right markets can outdo almost any other group life plan. The additional benefit of experience refunds for qualifying plans allows the group to purchase term life at the lowest ultimate cost.

Accelerated Death Benefit Option
To help ease the financial burden that accompanies a terminal illness, the Accelerated Death Benefit Option allows some terminally ill insureds to receive up to 75 percent of their Group Term Life benefit or $250,000 while they are still living.

Critical Illness
Financial burdens are not limited to terminal illness—certain specified critical illnesses can qualify under the Critical Illness Rider. Assurity Life will pay a portion of the death benefit if the insured is diagnosed with or under treatment for qualifying conditions.

Optional Features

Waiver of Premium
If an eligible employee becomes disabled and cannot work, Assurity Life will make the premium payments. Accidental Death and Dismemberment and dependent coverage are not included under the Premium Waiver.

Accidental Death & Dismemberment (AD&D)
AD&D provides additional protection in the event of accidental loss of life or limb. If an insured employee sustains a covered accidental injury, and the injury directly causes a defined loss, then Assurity Life will pay the benefit.

Dependent Coverage
Insured employees have the option to purchase a policy rider providing Group Term Life Insurance for spouses and/or dependent children.

Convertible
With Assurity Life’s conversion privilege, the insurance can be converted to a permanent life insurance policy for employees and dependents when the employee is no longer elibible to participate in the employer-sponsored plan.

Critical Illness Rider

Too often, a person who survives a major health crisis is then forced to deplete family savings and other assets just to meet the mounting costs during recovery. Critical illness coverage from Assurity Life can provide insured employees the money needed to face the devastating financial consequences of a serious illness.
The Critical Illness Insurance Rider

The Critical Illness Rider can be added to either the employer-paid or voluntary, employee-paid group life insurance policy. A lump-sum benefit is paid if, before age 65, the insured is diagnosed with any of the following conditions*:

• Heart attack*
• Open-heart surgery*
• Malignant cancer*
• Kidney failure requiring dialysis*
• Life-threatening stroke*

How Can the Benefit be Used?

No one plans on getting sick. But it is possible to plan for the financial impact of a catastrophic illness. The benefits received from critical illness coverage can be used for any number of needs:

• Home health care
• Lost income from time spent away from work
• Travel to and from medical facilities
• Expenses not covered by health insurance
• Child or dependent care

The Critical Illness Rider from Assurity Life can help make sure the financial consequences of surviving a life-threatening illness will be much less devastating than the illness itself.

* Qualification is based on the definition of the rider in the plan document

This policy may contain reductions of benefits, limitations and exclusions. For costs and complete details of the coverage, please contact Assurity Life Insurance Company or ask to review the policy for more information. This brochure provides descriptions of various benefits offered by Assurity Life. Benefits are subject to change without notice. This brochure is not a contract.

Policy Form Nos. G040, G050, G058, G059, G060. Policy and rider availability, features and rates may vary by state.