In today’s busy and fast-paced world, it’s hard enough meeting your family’s day-to-day demands…let alone looking at long-term needs. But the facts are that you may lack sufficient life insurance protection to ensure your family’s financial security.
Many experts recommend owning life insurance coverage equal to 5-10 times your annual income and maybe more if you have significant financial commitments, a growing practice, a young family, or special needs. The right life insurance can give you added peace of mind knowing that your family will be protected from financial hardship should something happen to you.
Why have life insurance?
Term life insurance provides coverage to safeguard your family’s financial future. Proceeds can be used to help pay a mortgage and other debts, fund your children’s college education, cover “key person” term life insurance for your firm, care for aging parents and take care of your family’s many other needs.
Life insurance is primarily for the loved ones we leave behind. How much annual income will your family need to continue their lifestyle when you are no longer with them? To determine how much life insurance you may need, consider the following expenses:
- Immediate expenses such as burial costs, medical payments, and estate tax settlements?
- Continuing mortgage payments, car payments, real estate taxes, school and college tuition, and daily living expenses such as food, clothing, and utilities?
- The other annual expenses you cover?
Why consider AIA 10- or 20-Year Level Term Life Insurance?
The AIA Trust has tailored a premier selection of insurance plans prepared to meet the unique requirements of architects like you. Designed exclusively for AIA members, you, your spouse and your children are eligible for the AIA Trust Group 10- and 20-Year Level Term Life Insurance Plans with benefits of up to $1,000,000. This plan features discounted group rates and benefits that remain the same with no decrease in coverage for the initial 10- or 20-year term. Plus, you lock in affordable rates for a full 10 or 20 years, depending on the term you select! Once approved, your rates are guaranteed not to increase, regardless of your age or health.
How does the Accelerated Death Benefits policy feature work?
Terminally ill insureds can collect Accelerated Death Benefits, up to 50% of the life insurance benefits, if they are diagnosed with less than 12 months to live (or 24 months for residents of Illinois). As an insured, you’ll receive this benefit while alive and paying premiums (premiums do not reduce), and the remainder of your benefit will be paid to your family or designated beneficiary after your death.
Who is the beneficiary?
Select any beneficiary you wish for your coverage. You are the automatic beneficiary for dependent coverage, as described in the Certificate of Insurance. Upon enrollment, you will need to let us know if you want to name another beneficiary.
What if it’s not the right plan?
You’re under no obligation if you decide your AIA Trust Group 10- or 20-Year Level Term Life Protection isn’t for you in the first 30 days. Just let us know and we’ll promptly refund your premiums, no questions asked.
For detailed information on the AIA 10- or 20-Year Level Term Life Insurance Plan, please visit the AIA Trust website at www.TheAIATrust.com.
All benefits are subject to the terms and conditions of the policy. The Group 10 or 20 year Level Term Life Insurance Plans are Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy G-11106-0 and G-11107-0 on Policy Form GMR-FACE/G-11106-0 and G-11107-0. Please note that Accelerated Death Benefits are not available to residents of MA.