A Life Insurance Policy can provide you and your family with peace of mind by helping to ensure your family’s financial future after your death. Are you part of the more than one-third of Americans without life insurance?* The financial impact of not having life insurance can be devastating. Know that your family and assets are protected no matter what may happen. NAPA’s Term Life Insurance Plan provides a base Group Life insurance foundation that offers you and your dependents a financial safety net in their time of need.
Life Insurance Plan Highlights
- Insured by Metropolitan Life Insurance Company
Optional Family Coverage
- Flat rate of $9.00 per month or $108.00 annually
- $10,000 Dependent Spouse/Domestic Partner
- $5,000 Child Coverage
- Dependent/Unmarried Child Coverage to age 26
Additional AD&D Policy Benefits include:
- Seat Belt & Airbag Benefit
- Child Care Benefit
- Life Advice®
- Total Control Account®*
- Accelerated Benefits Option** - Allows terminally ill members the option receiving up to 80% of the policy benefit amount
*The Total Control Account (TCA) is not insured by the Federal Deposit Insurance Corporation or any government agency. The assets backing TCAs are maintained in MetLife's general account and are subject to MetLife's creditors. MetLife bears the investment risk of the assets backing the TCAs, and expects to receive a profit. Regardless of the investment experience of such assets, the interest credited to the Total Control Accounts will never fall below the guaranteed minimum rate. Guarantees are subject to the financial strength and claims paying ability of MetLife.
**The Accelerated Benefits Option is subject to state regulation and Is intended to qualify for favorable federal income tax treatment, In which case the benefits will be excludable from your Income and will not be subject to federal taxation. This Information was written as a supplement to the marketing of life Insurance products. Tax laws relating to accelerated benefits are complex and limitations may apply. You are advised to consult with and rely on an independent tax advisor about your own particular circumstances. Receipt of accelerated benefits may affect your eligibility, or that of your spouse or your family, for public assistance programs such as medical assistance (Medicaid), Temporary Assistance to Needy Families (TANF), Supplementary Social Security Income (SSI) and drug assistance programs. You are advised to consult with social service agencies concerning the effect that receipt of accelerated benefits will have on public assistance eligibility for you, your spouse or your family.
Your privacy is important to us:
NAPA and MetLife want to assure the confidentiality of your personal information. Online information is received and stored using secure servers and all confidential information is encrypted. Full Statement of Health Forms are forwarded directly to MetLife's underwriting department for review and approval. Please see MetLife's Privacy Notice for more details.
Life Insurance Plan Eligibility
- If you have not enrolled for Supplemental Life insurance coverage within the first 91 days of association membership, a full Statement of Health must be completed to apply for any coverage, and other coverage restrictions apply.
- You must be a dues paying member in good standing of the National Association of Professional Agents and actively working in the insurance industry.
During the 1st 91 days of NAPA Membership:
Age 18 to 49:
- NAPA members between the ages of 18 to 49 can purchase $50,000 in Supplement Life insurance with no medical questions if enrollment is within 91 days of becoming an eligible person. $100,000 can be purchased by answering a few medical questions, and if a member answers "yes" to any of the questions on the Simplified Questionnaire, a full Statement of Health will need to be submitted for medical underwriting. $200,000 can be applied for with a completion of a Statement of Health Form and full group medical underwriting.
- NAPA members between the ages of 50 to 69 can purchase $25,000 or $50,000 in Supplemental Life insurance if enrollment is within 91 days of become an eligible person and completion of a Statement of Health form and full group medical underwriting.
Plan Options & Rates
| Coverage Amount | ||||||
|---|---|---|---|---|---|---|
| $25,000 | $50,000 | $100,000 | ||||
| Age Band: | Annual | Monthly | Annual | Monthly | Annual | Monthly |
| < 30 | $25.50 | $4.63 | $51.00 | $6.75 | $102.00 | $11.00 |
| 30-34 | $31.20 | $5.10 | $62.40 | $7.70 | $124.80 | $12.90 |
| 35-39 | $33.90 | $5.33 | $67.80 | $8.15 | $135.60 | $13.80 |
| 40-44 | $36.60 | $5.55 | $73.20 | $8.60 | $146.40 | $14.70 |
| 45-49 | $53.40 | $6.95 | $106.80 | $11.40 | $213.60 | $20.30 |
| 50-54 | $75.90 | $8.83 | $151.80 | $15.15 | $303.60 | $27.80 |
| 55-59 | $137.10 | $13.93 | $274.20 | $25.35 | $548.40 | $48.20 |
| 60-64 | $209.70 | $19.98 | $419.40 | $37.45 | $838.80 | $72.40 |
| 65-69 | $396.60 | $35.55 | $793.20 | $68.60 | $1,586.40 | $134.70 |
| Rates for Current Insureds Only | ||||||
| 70-74 | $639.30 | $55.78 | $1,278.60 | $109.05 | $2,557.20 | $215.60 |
| 75-79 | $954.60 | $82.05 | $1,909.20 | $161.60 | $3,818.40 | $320.70 |
| 80+ | $1,311.60 | $111.80 | $2,623.20 | $221.10 | $5,246.40 | $439.70 |
What’s Not Covered?
Like most insurance plans, this plan has exclusions. For instance, Supplemental and Dependent Life Insurance do not provide payment of benefits for death caused by suicide within the first two years (one year in North Dakota) of the effective date of the certificate, or payment of increased benefits for death caused by suicide within two years (one year in North Dakota or Colorado) of an increase in coverage. Please note that a reduction schedule may apply. Please see your plan administrator or certificate for specific details.
Accidental Death & Dismemberment insurance does not include payment for any loss which is caused by or contributed to by: physical or mental illness, diagnosis of or treatment of the illness; an infection, unless caused by an external wound accidentally sustained; suicide or attempted suicide; injuring oneself on purpose; the voluntary intake or use by any means of any drug, medication or sedative, unless taken as prescribed by a doctor or an over-the-counter drug taken as directed; voluntary intake of alcohol in combination with any drug, medication or sedative; war, whether declared or undeclared, or act of war, insurrection, rebellion or riot; committing or trying to commit a felony; any poison, fumes or gas, voluntarily taken, administered or absorbed; service in the armed forces of any country or international authority, except the United States National Guard; operating, learning to operate, or serving as a member of a crew of an aircraft; while in any aircraft for the purpose of descent from such aircraft while in flight (except for self preservation); or operating a vehicle or device while intoxicated as defined by the laws of the jurisdiction in which the accident occurs.
Additional Information
Life and AD&D coverages are provided under a group insurance policy (Policy Form TS 05726224-G) issued to NAPA by Metropolitan Life Insurance Company, New York, NY 10166. Life and AD&D coverages under NAPA’s plan terminate when your membership ceases, when your Life and AD&D contributions cease or upon termination of the group contract. Dependent Life coverage will terminate when a dependent no longer qualifies as a dependent or if the member's coverage is terminated for any reason. Should your life insurance coverage terminate for reasons other than non-payment of premium, you may convert it to a MetLife individual permanent policy without providing medical evidence of insurability.
MetLife: The Right Partner
- With more than 140 years of industry experience, MetLife has the financial strength and stability to fulfill our promises today and over the long haul. We’ve made Group Life our business since 1917.
- MetLife has been the leading provider of Group Life benefits for over 25 years.
- A.M. Best, August 2010. - MetLife serves 24,000 Group Life customers, covering more than 38 million participants.
-MetLife Internal Customer Data 2010
- MetLife provide not only the claims service that beneficiaries need and expect at this time, but we have also created a program to support them in making important financial and personal decisions.
- In 2010, 99% of our Group Life customers were satisfied with their overall experience, and 98% were satisfied with MetLife’s processing of participants’ life insurance claims.
- 2010 MetLife Participant Responders Mid/Large Account Management Studies - 95% of beneficiaries report being satisfied with the overall beneficiary claims experience, including being very satisfied with the clarity of instructions received from MetLife, and the ease of processing their claim and payment accuracy.
- 2010 MetLife Group Life Beneficiary Claims Satisfaction Study
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