Group Whole Life Insurance
Underwritten by MassMutual
Intro text: Who should buy this? Why would they want it? What's the benefit? Why is this different or better?
Who is Eligible?
- All active ACBA members residing in the United States
- Members 18-75 years of age on certificate effective date
Dependent/Spouse Coverage
- up to $25,000 coverage amount
- Spouse Certificates (Issue ages 18-60)
- Child/Grandchild Certificates (Issue ages 14 days – 26 years)
Coverage Overview
Face Amount: Minimum $10,000 in increments of $5,000 up to Maximum $250,000 per enrollment.
Coverage is limited to a Lifetime Maximum of $1,000,000 and contains amounts from all certificates
Living Benefits Include with Permanent Life Coverage:
- Accelerated Death Benefit Provision for Terminal Illness or Chronic Illness (75% accelerated of benefit)
- Dividend Eligible Product
- Cash Value Accumulation
Questions & Answers
The Group Term Life policy includes a Waiver of Premium clause. This feature is desgned to keep you insured even if you become disabled and unable to work (subject to certain terms & conditions).
As an easy rule of thumb, experts recommend having life insurance that equals between 10 to 15 times your gross income. But many people need even more than that.* To get a more accurate idea of how much life insurance to buy, click here to schedule a life insurance consultation with one of our licensed insurance agents.
Unlike employer-based coverage, this insurance is portable—which means that if you change jobs, your coverage does not terminate. Access to this insurance is made possible through your Pennsylvania Bar membership. Just maintain your membership to keep your coverage.
About MassMutual:
MassMutual provides comprehensive employee benefit solutions to help associations make insurance available to their members – including products designed specifically for their key executives. MassMutual is among the World’s Most Admired Company by Fortune Magazine in life/health insurance. MassMutual is the #2 U.S. whole life insurer and focuses on Mutual insurance with long-term focuses.