Term Life Insurance
Do I need life insurance?
Whether you’re single, married, have children or are close to retirement, having life
insurance is a must. term life nsurance provides the security loved ones need to get
through the financial hardships that may accompany the death of an income earner.
When determining how much life insurance you need, think about the expenses you may
encounter through every stage of your life. Insurance professionals recommend carrying
life insurance equal to four or five times household income.
However, since everyone’s needs are different, it’s important to assess your personal
situation and specific needs.
Am I eligible for life coverage?
To be eligible for life coverage, you must be an active member of the National Rural
Letter Carriers’ Association, working 20 hours per week, and able to perform all normal
duties of your job.
Dependent insurance (for your spouse and/or children) may also be available, but only
when you, as the member, also select coverage for yourself.
Are my dependents eligible for life coverage?
Dependent insurance (for your spouse and children up to age 19, or age 25 if they are full-time students) may also be available, but only when you, as the employee, also select coverage for yourself. All dependents must be performing normal activities and cannot be “totally disabled” as defined in the policy. Totally Disabled Dependentmeans that, as a result of an injury, a sickness or a disorder, your dependent: (a) is confined in a hospital or similar institution; (b) is unable to perform two or more activities of daily living (ADLs) because of a physical or mental incapacity resulting from an injury or a sickness; (c) is cognitively impaired; or (d) has a life threatening condition.
Can I sign up for Term Life Coverage with Transamerica Life Insurance Company
and have other Life Insurance?
Term Life Insurance through TLIC is available to NRLCA members up to 5 times salary to
a maximum of $100,000, $15,000 for Spouse and $10,000 for children is supplemental to
other group or individual life insurance products that members may have already. There
is no coordination within Life Insurance Products. Members can purchase Life Insurance
amounts that they need as well as can afford. This is a great opportunity to purchase low
cost term life insurance at low costs without medical questions up to certain amounts.
Will I need to answer health questions for term life coverage?
Yes, just a few health questions are required during open enrollment periods. No Medical Exams are required. If Conditional Guarantee Issue Amounts are as follows:
Member: $100,000
Spouse: $15,000
Child(ren): $10,000
If you do not enroll on or before the end of your initial enrollment period and wish to apply
for coverage at a later date, evidence of insurability will be required. Your coverage will
be effective the first day of the month coinciding or following the date Transamerica Life
Insurance Company approves the coverage.
What do I need to do to sign up for Term Life Insurance coverage?
Please mark the selection for member, spouse and child and return your enrollment form in the self-addressed envelope. If you do not have a self-addressed envelope, please return all enrollment forms to:
NRLCA Benefit Center
PO Box 8633
Madison, WI 53708-8633
Don't wait! After this initial enrollment any amount of insurance will be subject to medical evidence of insurability. This is a great opportunity to purchase low cost group insurance that will protect your loved ones as well as your paycheck in case of illness or an accident.
How do I file a life claim?
For complete instructions visit the How to File a Claim section on this web site. It will direct you on who to call and where you can download the forms.
What if I have more questions?
Please contact the NRLCA Benefit Center toll free at (877) 817-4801.
