These days, it's important to save money where you can, and your life insurance costs are no exception. Luckily for Military Officers Association of America (MOAA) members, rates for Military Officers Association of America (MOAA's) traditional Leader Term Life Plan consistently rank among the lowest on the market for military groups. You can save even more money if you're currently relying on VGLI for your family's coverage. That's because VGLI protection can cost more than twice as much as Military Officers Association of America (MOAA) Leader Life coverage.*
Your status as an Military Officers Association of America (MOAA) member combined with the immense buying power of more than 380,000 uniformed services officers helped Military Officers Association of America (MOAA) secure valuable benefits for you and your family. These high-caliber benefits are automatically included in your Military Officers Association of America (MOAA) Leader Plan.
- You are protected 24 hours a day, 365 days a year even if you're flying in a military aircraft.
- Your loved ones can immediately collect $2,500 to use as they see fit to pay for plane tickets for family members, make phone calls to relatives, or to help tie up loose ends. This valuable "advance benefit" will be sent to your family upon request after notification of your death as long as your protection has been in force at least two years. Your remaining benefits will be paid as soon as the rest of the paperwork is accepted.
- If you are a Military Officers Association of America (MOAA) member leaving active duty, you're guaranteed acceptance for up to $50,000 of Military Officers Association of America (MOAA) Leader protection if you're under age 50 and enroll within 60 days after the date of your discharge. If you are age 50 or over, you are guaranteed acceptance for up to $25,000 of protection if you're enrolling within 60 days after the date of your discharge. (Of course, you also have the right to apply for additional Military Officers Association of America (MOAA) Leader protection.) No matter what your age, all we ask is that your discharge not be health or disability-related.
- Your family can take advantage of the savings, too. As a matter of fact, many officers take advantage of their Military Officers Association of America (MOAA) membership to secure the affordable group rates for protection of their spouse's life.
- Your premium payments will be waived if a Sickness or Injury leads to a Total Disability that keeps you from working at your current job. This is as long as your disability starts before age 60 while you are covered under the policy and you stay Totally Disabled for at least six consecutive months. Your full Leader benefits continue at 100% and you owe nothing.
- You can collect up to 50% of your Military Officers Association of America (MOAA) Leader benefits before you die if your doctor certifies that you are Terminally Ill and have fewer than twelve months to live. Receipt of accelerated benefits may be taxable. Please seek assistance from your personal tax advisor for more information.
This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Your Leader protection will start on the first day of the month after your application has been approved and your first premium has been paid. If you send a check with your application, your Leader coverage will begin on the first day of the month after your application is approved.
Your spouse will automatically receive the benefits from your Military Officers Association of America (MOAA) Life coverage. If your spouse is no longer living, your benefits will be paid to your children, parents, brothers and sisters, or estate (in that order). You will automatically be set up to collect benefits from your spouse's and children's protection. If you'd like to designate a different beneficiary, please notify the plan administrator.
You can keep your Military Officers Association of America (MOAA) Leader coverage for as long as you want no matter what your health as long as you remain an Military Officers Association of America (MOAA) member, pay your premiums on time and the Master Policy stays in force. Your spouse can keep his or her coverage for as long as their premiums are paid on time, their coverage has not expired, the group policy stays in force and they are not legally separated or divorced from you. Your children’s coverage will terminate once they no longer qualify as an eligible Dependent.
The only exclusion to the policy is suicide within the first two years of coverage. Benefits paid for death caused by suicide, while sane or insane, within the first two years of the effective date of the insurance are limited to a refund of the premiums paid for the insured's insurance.
The Leader Plan can also help protect you if you have health problems. As an Military Officers Association of America (MOAA) member under age 60, you can qualify for the $10,000 Military Officers Association of America (MOAA) Leader Silver Plan as long as you have been working for the past 90 days. This coverage features many of the same benefits found in the standard Leader Plan with important protection that increases from $2,000 to $10,000 over five years.
*MOAA's Leader Term Life Preferred Nonsmoker rates are often lower than VGLI until age 75. MOAA's Leader Term Life Standard Nonsmoker rates are lower than VGLI until age 70.
http://www.benefits.va.gov/INSURANCE/vgli_rates_new.asp. Viewed 1/4/14.
Monthly Group Rates per $10,000 in Coverage
|Up to $750,000**
Monthly Group Rates per $10,000 in Coverage
|$760,000 to 1,000,000**
† For renewal rates only
$1 a month protects all your eligible children. Children 15 days to under 6 months are eligible for $1,000 coverage and children 6 months to 21 years (or 25 if enrolled full-time in an institution of higher learning) are eligible for $10,000 coverage.
You qualify for nonsmoker rates if you haven't smoked cigarettes, cigars or used a pipe or chewing tobacco, nicotine product or snuff during the 12 months prior to the date you apply for coverage. Nonsmokers meeting the highest underwriting standards may qualify for the Preferred (the Plan’s best) rates. Other nonsmokers may qualify for Standard rates. Your individual premium is determined at each premium due date and is based on your benefit level, attained age and smoking status. Premiums increase upon entry into a new 5-year age bracket.
For your convenience, you'll be billed quarterly.
The benefits and rates for this group policy are guaranteed for 31 days. After that date, benefits and/or rates may be changed for all persons covered by this plan. You cannot be singled out for a rate increase or a change in benefits and we will notify you in advance in writing of any changes.
|Your age determines the maximum amount of coverage you can apply for:
||Maximum benefit available
|Under Age 50
**Your coverage reduces to $500,000 on your first premium due date on or after your 60th birthday if you have more than $500,000 of coverage Coverage reduces to $75,000 on your 70th birthday if you have more than $75,000 of coverage. At age 80, your coverage reduces to a $10,000 benefit.
Details – This is a listing of highlights for this Insurance plan. Be sure to review the entire website for a detailed plan description.
|Type of Insurance:
||Term Life Insurance
||Military Officers Association of America (MOAA) members and dependents
||Hartford Life Insurance Company, Simsbury, CT 06089
The Hartford® is The Hartford Financial Services Group, Inc., and its subsidiaries, including issuing company Hartford Life Insurance Company
|Policy Form Number:
||SRP-1153 A (HL) (1310)
||Through age 69
||Premiums are based on age at issue, and premiums increase upon entry into a new 5-year age bracket.
||You qualify for nonsmoker rates if you haven’t smoked cigarettes, cigars or used a pipe or chewing tobacco, nicotine product or snuff during the 12 months prior to the date you apply for coverage.
|Waiver of Premium:
||Your premium payments will be waived if a Sickness or Injury leads to a Total Disability that keeps you from working at your current job.
||Can apply for maximum benefit amount as stated above. Minimum benefit available is $10,000.
||$1.00 a month protects all your eligible children. Children 15 days to under 6 months are eligible for $1,000 coverage and children 6 months to 21 years (or 25 if enrolled full-time in an institution of higher learning) are eligible for $10,000.
Please keep for your records.
NOTICE OF INSURANCE INFORMATION PRACTICES
To properly underwrite and administer your application for insurance coverage, we must collect certain information concerning your insurability. You are our most important source of information, but we may also contact other sources such as medical professionals and institutions, employers and other insurance companies. While all information regarding your insurability will be treated as confidential, in some situations, and in compliance with applicable law, we may disclose necessary items of information to third parties without your specific authorization.
INVESTIGATIVE CONSUMER REPORTS—NOT APPLICABLE TO RESIDENTS OF NEW YORK
As part of our procedure for processing your application, an investigative consumer report may be prepared by an outside insurance reporting organization. Personal information may be collected from others regarding your general reputation and lifestyle. If an interview is conducted with someone other than you, we will inform you of your right to be interviewed in connection with the preparation of the investigative consumer report. You have the right to send a written request within a reasonable period of time to receive additional detailed information about the nature and scope of this investigation.
PERSONAL HISTORY INTERVIEW
To provide you, our client, with the best possible service, we may also conduct what we call a personal history interview. This is a phone call placed from our underwriting office. Its purpose is to make sure that the application information is complete. Our interviewers are trained to conduct their calls in a friendly, professional manner. The nature of the information discussed is always treated as personal and confidential and will only be used to assess your eligibility for insurance.
MEDICAL INFORMATION BUREAU (MIB) PRE-NOTICE
Information regarding your insurability will be treated as confidential. Hartford Life Insurance Company or Hartford Life and Accident Insurance Company or its reinsurer(s) may, however, make a brief report thereon to the MIB, Inc., formerly known as Medical Information Bureau, a not-for-profit membership organization of insurance companies, which operates an information exchange on behalf of its members. If you apply to another MIB member company for life or health insurance coverage, or a claim for benefits is submitted to such a company, MIB, upon request, will supply such company, with the information about you in its file. Upon receipt of a request from you, MIB will arrange disclosure of any information in your file. Please contact MIB at (866) 692-6901 (TTY (866) 346-3642). If you question the accuracy of the information in MIB's file, you may contact MIB and seek a correction in accordance with the procedures set forth in the Federal Fair Credit Reporting Act. The address of MIB's information office is 50 Braintree Hill Park, Suite 400, Braintree, Massachusetts 02184-8734. Hartford Life Insurance Company, Hartford Life and Accident Insurance Company , or their reinsurers, may also release information from their files to other insurance companies to whom you may apply for life or health insurance, or to whom a claim for benefits may be submitted. Information for consumers about MIB may be obtained on its website at www.mib.com.
ACCESS, CORRECTION AND DISCLOSURE
You can obtain access to personal information about you contained in our policy files by sending us a written request. You may also request any necessary corrections, amendments or deletion of any information in our files which you believe to be inaccurate or irrelevant. Hartford Life Insurance Company or Hartford Life and Accident Insurance Company or its reinsurer(s) may release information in their files to other life insurance companies to whom you may apply for life or health insurance, or to whom a claim for benefits may be submitted. Also, please be advised that personal and confidential information collected by us may, in certain circumstances, be disclosed to third parties without authorization. A notice providing further description of the circumstances under which information about you may be disclosed and the types of persons and organizations to whom it may be disclosed will be sent to you upon your written request. If you desire further information or access to your personal information, please send your written request to: Hartford Life Insurance Company or Hartford Life and Accident Insurance Company, 200 Hopmeadow St., Simsbury, CT 06089.
The Hartford® is The Hartford Financial Services Group, Inc., and its subsidiaries, including issuing company Hartford Life Insurance Company. PA-9369
Acceptance into this plan is subject to medical evidence of insurability as determined by The Hartford. Depending on your age, the amount of coverage you request, and your answers on the application, a medical examination, medical test(s), or other evidence of good health may be required. Any exams/tests requested by the company will be conducted at your convenience and at no expense to you.
This website explains the general purpose of the insurance described, but in no way changes or affects the as actually issued. In the event of a discrepancy between this website and the policy, the terms of the policy apply. All benefits are subject to the terms and conditions of the policy. Policies underwritten by Hartford Life Insurance Company detail exclusions, limitations, reduction of benefits and terms under which the policies may be continued in full or discontinued. Complete details are in the Certificate of Insurance issued to each insured individual and the Master Policy issued to the policyholder. This program may vary and may not be available to residents of all states.
Your association shares a financial interest in this program, which benefits the entire membership.
This is private insurance. This insurance is not associated with SGLI.
The information on this site describes benefits available through this insurance program and is intended to provide a brief overview of the coverage. In the event of any conflict or inconsistency between the information on this site and the information contained in the underlying plan documents, the plan documents will in all respects control and govern. If any provision is not explained or only partially explained, your rights will always be determined under the provisions of the underlying plan documents. Insurance coverage and availability may differ by state. For complete plan details, please contact the Program Administrator, Military Officers Association of America (MOAA) Insurance Plans at 1-800-247-2192, Monday-Friday, 7:30 a.m. - 5:00 p.m. Central Time.
SRP-1153 A (HL) (1310)