Provide for Your Family

No one really wants to think about the subject of life insurance. But you have to think about what could happen to your loved ones if you don’t have enough coverage and you aren’t in the picture anymore.  Would your loved ones have enough to maintain their standard of living without your income? Or would they have to downsize their home, work longer hours, dig into future assets or take out loans to make ends meet?  

When there isn’t enough life protection, surviving loved ones often face very difficult circumstances.According to a recent 2010 study by the Life and Health Insurance Foundation for Education, 68 million Americans have no life insurance at all. And of those who do have coverage, most don’t have enough to ensure a secure financial future for their families. When there isn’t enough life protection, surviving loved ones often face very difficult circumstances, such as needing to work additional jobs or longer hours, take out loans, move to smaller, less expensive housing, or forego a child’s higher education.

The AIA suggests the Group 10- or 20- Year Level Term Life Insurance plan exclusively for its members.  This plan was developed as an affordable way to offer Level Term Life coverage to architects and their families.   Consider these five advantages:

1.    VALUABLE BENEFIT LEVELS.  The Group 10- or 20- Year Level Term Life Insurance plans provide up to $1 Million in coverage for you and your spouse  As an active AIA member, you and your spouse under age 60 may qualify for 10-Year Level Term Life coverage (and if under age 50, for the 20-Year Level Term Life coverage).

2.    MONEY-SAVING GROUP RATES & VOLUME DISCOUNTS.  You can qualify for volume discounts for coverage amounts of $250,000 through $499,900 and even greater discounts for amounts of $500,000 to $1,000,000.  These discounts help you save money while providing additional coverage to help your families when needed.  See how much you’d save with these money-saving group rates .

3.    LEVEL PREMIUMS FOR 10 OR 20 YEARS.  Rates are guaranteed not to increase for 10 or 20 full years, depending on the term you select, and your coverage will stay constant until the term you select ends or you reach age 70, which ever occurs first.  At the end of the 10- or 20-year period, coverage can continue in force on a non-guaranteed basis without evidence of insurability. Or, if you are under age 60, (age 50 for 20-Year Level Term Life), you may apply for a subsequent 10- or 20-year period of a guaranteed level rate at your then-current age, subject to submission of satisfactory medical evidence.

4.    PAYS “LIVING” BENEFITS.  If you become terminally ill, with the Accelerated Death Benefit option, you can collect up to 50% of your life insurance benefits if you’re diagnosed with less than 12 months to live (24 months for residents of Illinois).  This valuable benefit option can be used however you see fit – to help pay expensive medical bills, to help cover the mortgage or other bills if you’re not able to work.

5.    DOMESTIC PARTNERS COVERED.  In addition to covering a lawful married spouse, the plan may now cover a domestic partner, meaning a person with whom an eligible member maintains a committed relationship defined as a familial relationship between two individuals characterized by mutual caring and the sharing of a mutual residence and who is not an eligible AIA member but meets other eligibility criteria as defined by the plan.

The AIA Trust has partnered with New York Life Insurance Company, a financially stable and reputable insurance carrier, rated A++ by A.M. Best (June 2009) for financial strength, to offer you this valuable insurance plan in an effort to help you secure the life insurance coverage you need as an architect.

It is important to take the time to review your life insurance needs and make sure you have enough for your family.  It’s easier than ever to learn more about the AIA Group 10- or 20- Year Level Term Life plan — just visit the Trust web site and you’ll instantly be able to check out all the benefits, get rates, and even download an application to make sure you have enough life insurance today.

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Both the Group 10 Year and 20 Year Level Term Life Insurance Plans are underwritten by New York Life Insurance Company, 51 Madison Avenue, NY, NY 10010 under Policy Form GMR Group Policy G-11106-0/FACE and G-11107-0/FACE.  Complete details including features, costs, eligibility, renewability, limitations and exclusions are contained in the Certificate of Insurance issued to each insured.