Protect the ones you love with CTA-endorsed Life Insurance from The Standard
Life Insurance is a key component of any comprehensive financial plan. By including Life Insurance as part of your plan, you help to protect the economic well being of your loved ones in the event of your passing.
Why You Need It
It's not pleasant to think about, but your death could potentially leave your family unable to meet existing and unplanned financial obligations. In addition to paying the every day bills, there may be unexpected expenses such as end of life medical care. A Life Insurance benefit can be used to:
- Replace a lost income
- Pay for a child’s education
- Eliminate household debt
- Address funeral and medical expenses
How You Get It
You can apply for up to $400,000 of coverage at any time by providing satisfactory proof of good health.
To apply you can:
In some circumstances you may be eligible to apply for coverage with no health questions asked. These opportunities include:
- Newly Hired Members
During your first 180 days of new employment you have a unique opportunity to enroll in up to $200,000 of Life Insurance.
- Members Who Change Districts
During your first 120 days of transferring your employment to a new district you have the opportunity to continue your coverage at its current level or you can apply for up to $200,000 of Life Insurance under the new hire opportunity described above.
- Family Status Change
Within 31 days following the date of a family status change, such as birth/adoption, marriage/domestic partnership, divorce/dissolution, loss of spousal employment, or other qualifying event, you may add or increase your coverage to up to $200,000.
In addition, there may be other opportunities for you to add coverage, including special chapter enrollment campaigns or when transferring coverage from another insurance carrier to The Standard.
The information described here is subject to all terms and provisions of the Group Policy. For costs and further details of this offer and coverage, including exclusions, benefit waiting periods, any reductions or limitations and the terms under which the policy may be continued in force, please contact Standard Insurance Company at 800.522.0406 (TTY).
Life Insurance underwritten by Standard Insurance Company is provided under policy form number GP190-LIFE/S399/CTA.3.