Simplified Issue Group Level Term Life Insurance

Simplified Issue Group Level Term Life Insurance  


As an MNCPA Member, you may qualify for the Simplified Issue Level 10–Year Group Term Life Insurance offered by ReliaStar Life Insurance Company and endorsed by MNCPA.


As an MNCPA Member, you and your spouse/domestic partner can now take advantage of a simplified application procedure for up to $150,000.00 in lump sum benefits under the MNCPA Simplified Issue 10–Year Group Term Life Insurance Plan. This means you will not have to submit to a full medical exam or provide blood work to be approved by the insurer. Plus, your affordable group rates are not available to the general public.


Apply now and enjoy premiums that are designed to remain level for 10 years.*


How to Apply

To apply for coverage, download an application by clicking on the link at the top of this page, or, to speak to a customer service representative, call our toll-free number: 1-800-732-8350.


*The initial premium will not change for the first 10 years unless the insurance company exercises its right to change premium rates for all insureds covered under the group policy with 60 days advanced written notice.


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 issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The group life insurance policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, a service of Mercer Health & Benefits Administration LLC, an insurance administrator licensed in the state of Minnesota.Policy Form LP08GP.

Insurance Application & Brochure

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

Tell Me More

Three Reasons to Choose MNCPA Level Term Life Insurance

  • Your rates and benefit amount are designed to stay the same for 10 years.*
  • You'll pay economical group rates. You have the buying power of your association to help keep the premiums economical.
  • Your satisfaction is 100% guaranteed. You have 30 days to review your certificate. If you're not happy with the plan, simply write "cancel" on your certificate and mail it back to us within 30 days, provided no claims have been submitted or paid. There's no obligation.


Monthly Rates For The Simplified Issue 10-Year Level Term Life Plan


Rates shown are as of March 1, 2020.


Coverage will not be reduced during your level term period. The level term rate period begins on the effective date assigned by ReliaStar Life. Plan benefits are offered for amounts $50,000.00 to $150,000.00. If you are under age 50, you may apply for up to $150,000.00 of benefits (in $5,000.00 increments). You can apply for up to $100,000.00 in coverage if you are under age 55. You can apply for up to $50,000.00 in coverage if between ages 55-59. To obtain a rate quote for other ages, benefit amounts, or additional information on the plan, call toll-free 1-800-732-8350.


Qualifications for this MNCPA Simplified Issue Level Term Life Plan offer are few:

  • You must be a MNCPA member 19-60 years of age.
  • You cannot already be insured by this plan.

For members and spouses/domestic partners, beginning on and after their 65th birthday, ReliaStar Life decreases the amount of your insurance. ReliaStar Life pays a percentage of the amount otherwise payable:

  • On your 65th birthday, ReliaStar Life pays the lesser of 25% or $37,500.

For spouses/domestic partners, insurance terminates on the Group Policy anniversary date on or after their 70th birthday.


A decrease in the amount of insurance due to age will take effect on the later of your attainment of any of the specified birthdays, or at the end of a level term rate period. Your amount of insurance will not decrease due to age during a level term rate period.


All covered insureds must complete an application form for any new coverage or to increase coverage (including dependent coverage) or to begin an initial or subsequent 10-year Level Term Rate Period when proof of good health is required.


If there is an increase in the amount of your insurance, the increase will take effect on the first day of the month on or next following the date of the increase. If you are in a Level Term Rate Period, premiums for the increased amount of insurance will be based on your attained age on the effective date of the increase.


Your Level Term Life Plan will start on the first day of the month after your application has been approved by ReliaStar Life and your first premium has been paid. 


This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.


This is a paid endorsement. MNCPA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.

Contact Us

Program Administrator

Mercer Consumer
12421 Meredith Drive
Urbandale, IA 50398
 M-F 7:30a-5p CT

Insurance Company:

ReliaStar Life Insurance Company
Box 20
Minneapolis, MN 55440


Answers about the program, including eligibility, options, customer service and more.

  • Can my spouse/domestic partner obtain separate coverage?

    Yes, a spouse/domestic partner can obtain separate coverage.

  • Do I have to take a medical exam, blood test, etc.?

    No! Fill out the Simplified Application Form to apply for up to $150,000.00 in coverage without submitting to a full medical exam or providing blood work.

  • How can I apply?

    To apply for coverage, download an application by clicking on the link at the top of this page, or to speak to a customer service representative, call our toll-free number: 1-800-732-8350.

  • How can I learn more about this plan?

    To learn more about the Simplified Issue Level Group Term Life Insurance, contact the Plan Administrator, Mercer Consumer toll-free at 1-800-732-8350, or download an application and brochure by clicking on the link at the top of this page.

  • How long does the application process take? When will my coverage become effective?

    The application process depends on many factors: the number of persons to be insured, their ages, the amount of coverage for which you apply, your medical history and that of your family members (if requesting dependent coverage), and the type of coverage requested.

  • Who is Mercer Consumer, the Administrator of the Program?

    Mercer Consumer is the company contracted to manage the Group Insurance Program. Mercer Consumer is not affiliated with the insurance companies that underwrite each plan.

  • Who are the current insurance carriers and what are their ratings?

    This varies according to each plan. The Group Insurance Administrator seeks the best opportunities for our members, so the plans are underwritten by different insurance companies. All of the companies enjoy solid ratings by A.M. Best Company, which annually measures the financial strength of insurance companies.

    Mercer Consumer, a service of Mercer Health & Benefits Administration LLC, makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Mercer Consumer or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.