Your Family's Passport to Financial Security. Life insurance is one of the cornerstones of financial planning. In the event of an unexpected or premature death, the Group Term Life Plan can provide the financial security your family needs. This life insurance helps make sure they'll be able to meet current expenses - such as mortgage and car payments - as well as future expenses such as college tuition.

A very high percentage of American adults have life insurance. But, just as important as having this insurance is having a coverage amount sufficient for your needs.

Practical Help:

• Offers the security of knowing your family will be protected if you should die prematurely.
• Features term coverage, probably the least expensive form of life insurance you can buy.
• Ideal for members who need small or large amounts of coverage.
• Provides the flexibility you want so you can adjust coverage as your needs change.

Coverage is provided under the terms of a group life insurance policy, Group Policy number 64269-0, issued and delivered in the state of Minnesota to the Minnesota Society of Certified Public Accountants as the policyholder. The group life insurance policy is administered on behalf of ReliaStar Life Insurance Company by Marsh U.S. Consumer, an insurance administrator licensed in the state of Minnesota.

Valuable Benefits:

• Up to $500,000 of Member and Spouse Coverage
You don't have to apply for coverage in order for your spouse to request life insurance.
• Affordable Group Rates
The premium rates for the Group Term Life Plan are very competitive. You'll be surprised at how much insurance you can afford to purchase.
• Premiums Can Be Waived If You're Disabled
• Volume Discounts
The more you buy, the more you save. Discounts start at $100,000 of coverage.
• Premiums Discounted for Non-Tobacco Users
• Portable Coverage
The policy offers portable coverage that can follow you throughout your career. Make all the career changes you want and still maintain this valuable protection.
• Conversion to an Individual Policy When Coverage Terminates If You Meet Conversion Requirements
• Living Benefit Option (Accelerated Life Benefit)
Enables you to apply for a portion of your policy benefits if you become terminally ill, subject to certain policy restrictions and limitations. These benefits are paid directly to you, and you may spend them any way you wish.

Policy Information

Coverage Options Up to $500,000
MNCPA members and their spouses can obtain up to $500,000 of coverage in $5,000 increments. Eligible dependent children may be insured for $10,000. Children age 14 days but less than 6 months of age may be insured for $2,500.

Broad Eligibility for You and Your Family
All MNCPA members and their spouses who are under age 60 and U.S. residents are eligible to apply for coverage. Unmarried, dependent children who are age 14 days to 19 years old (23 where permitted, if full-time students) may also be covered. NOTE: You do not have to apply for coverage in order for your spouse to request this life insurance.

Your Employees May Be Eligible, Too
Employees of MNCPA members may be eligible to apply for up to $250,000 in $5,000 increments, of this valuable term life insurance. To determine if employees are eligible, contact the Minnesota Society of CPAs Administrator at 1-800-732-8350 between 8:15 AM and 5:00 PM Central Time, Monday through Friday.

Money-Saving Features of MNCPA Term Life

Group Purchasing Power Equals Savings
MNCPA Group Term Life converts the mass purchasing power of your association into an insurance value for you and your family. And your premium won't be individually increased because your health condition changes. It will be increased only when you move into a higher age bracket, or if the rates for the entire group increase.

Volume Discounts
Coverages starting at $100,000 reflect a discount for volume purchases.

Discounts for Non-Tobacco Users
If you or your spouse have not smoked cigarettes or used tobacco products in any form during the past 12 months, you may take advantage of the lower rates that are available to non-tobacco users!

*Only those under age 60 are eligible to apply. Rates are for renewal purposes only for those up to age 64.

Rates increase as you enter a new age category and are subject to change, but will not be changed unless they are changed for all insureds in your classification. Rates and benefits depicted are subject to change but no more frequently than once in a 12-month period.

Rates shown are guaranteed until February 1, 2012.

Member benefits reduce 25% of the original amount or to $37,500, whichever is less at the age 65; spouse coverage terminates at age 70; and employees will receive 65% of their coverage from age 65 to 69, 50% of their coverage from age 70 to 74 and 30% of their coverage from age 75 on.

Contact the Administrator for rates not listed above.

Child(ren) premiums: $2.30 monthly covers all dependent children, regardless of how many insured, for $10,000 each ($2,500 for those age 14 days to 6 months).

Note: If you choose the Accidental Death & Dismemberment (AD&D) option you will receive the same level of coverage as your Group Term Life Insurance. The AD&D rate is $0.035 per $1,000 of coverage monthly.

ADDITIONAL POLICY BENEFITS

Accidental Death & Dismemberment Option
Group Accidental Death & Dismemberment (AD&D) Insurance can be purchased up to the same amount of death benefit for which you may be applying. In addition, many people are seriously injured by accidents and sustain loss of limb or eyesight. For these reasons, MNCPA Group Accidental Death & Dismemberment (AD&D) Insurance is an important addition to your benefit plan.

Accelerated Life Benefit Option Lets You Benefit From Your Own Plan
You may use the proceeds received from this benefit for any purpose. This benefit can be of value when a terminal illness creates a need for funds to pay for medical expenses or nursing care. For example, if an insured member is diagnosed as terminally ill, subject to policy provisions, he/she can receive up to 50% of his/her insurance amount ($150,000 maximum).

Premiums Waived If You Are Disabled
If an insured member or spouse becomes totally disabled (as defined by the policy) prior to age 60, and remains continuously disabled for six consecutive months, this coverage will remain in effect until age 70 at no cost as long as he/she remains disabled. Scheduled benefit reductions beginning at age 65 will still occur.

Conversion Privileges
When member or employee coverage terminates or reduces, it can be converted to an individual life insurance policy within 31 days — without regard to your health at that time. This privilege also applies to spouse and child coverage.

Choice of Beneficiary
Benefits will be paid to the person or entity designated by you in writing and on file with the insurance company. The member is the beneficiary of children's coverage.

You may also assign ownership of this insurance to another person or entity for tax and estate planning purposes, subject to any terms and limitations contained in the group contract.

OTHER IMPORTANT INFORMATION

Effective Date
Coverage will become effective on the date on which coverage is approved. If you are not actively at work on the scheduled effective date, your insurance will begin on the date you return to work full-time.

Continuation of Coverage
A member's insurance can be renewed as long as he/she remains a member of the MNCPA, makes required premiums when due, and the Group Contract remains in force. Spouse coverage will terminate on the premium due date on or after the spouse's 70th birthday.

At age 70, member coverage will reduce to lesser of $37,500 or 25% of the original coverage amount. Coverage for employees reduces to 65% of the original amount at age 65, to 50% at age 70, and to 30% at age 75.

Children's coverage ends when they cease to be eligible dependents. If employee coverage terminates because employment with an MNCPA-member ends, work hours reduce, or the employee retires, the benefit will continue up to the earliest of the date the insured becomes eligible under any Group Policy; the end of the 18-month period following the date the insured's work hours reduced to fewer than required for eligibility; or the date the group contract terminates. Conversion is available when coverage for members, spouses, children and/or employees terminates.

Renewal Payments and Claims
Once you are accepted, you will have a 31-day grace period for your payment of renewal premiums. When you want to submit claims, write Minnesota Society of CPAs Administrator for claim forms or call 1-800-732-8350 between 8:15 AM and 5:00 PM Central Time, Monday through Friday.

Exclusions
For Life insurance this plan pays for death from any cause except suicide within two years of the effective date of coverage. In that event, the insurance company will simply refund all premiums paid. The AD&D coverage is subject to additional exclusions.

Certificate of Insurance
When you become insured, you will be sent a Certificate of Insurance describing your coverage.

Money-Back Guarantee
Your satisfaction is guaranteed. When you receive your Certificate of Insurance, read it carefully. If you're not completely satisfied with the terms of your new insurance coverage, and no benefits have been paid, simply return your Certificate, without claim, within 30 days and your payment will be promptly refunded by Marsh U.S. Consumer. No questions asked! Your insurance will then be invalidated.

Underwritten by ReliaStar Life Insurance Company, 20 Washington Avenue South, Minneapolis, MN 55401. Policy Form LP08GP

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