Life Insurance for ABA Members

You insure your car, you insure your health, you may even insure your electronic device, yet too many people don’t insure their lives. In a recent study, almost half (44%) of those surveyed state that they would feel a financial impact within six months if the primary wage earner were to pass away. More than a quarter (28%) would feel it within one month.1  Term life insurance
Term life insurance: Life insurance that pays a benefit in the event of the death of the insured during a specified term. Term life insurance has no cash value.
is a cost-effective way to protect the ones you love by making sure they are taken care of should anything happen to you.

The ABA Insurance Program offers you multiple options to evaluate. And if you do have questions about coverage and what is the right plan for you and your family, a licensed team member can give you a personalized consultation.


Compare Plans

The ABA Insurance Program offers 3 life insurance products for members:

Annual Renewable Term Life Insurance

Group Term Life Insurance

WHO
ABA members and/or spouse under age 60 may apply. Coverage can continue up to the age of 80. One-Step Express, a quicker application process (with just 5 medical questions) is available for up to $250k of coverage.*

COVERAGE AMOUNT
$10,000 - $2,000,000
in $10,000 increments
How Much Do I Need?

RATES
Premiums start low and increase at 5‑year intervals.

ADDED BENEFITS

Accelerated Benefits Option

Receive a percentage of your life insurance in the event that you become terminally ill and are diagnosed with no more than a specified amount of time to live.

Total Control Account

The Total Control Account (TCA) is a settlement option that provides your loved ones with a safe and convenient way to manage life insurance proceeds.

Increase your intial benefit amount.

Automatic Benefit Increases

Opportunity to increase your initial benefit amount.

Level Term 10-Year/20-Year Life Insurance

Group Level Term Life Insurance

WHO
ABA members and/or spouse under age 60 may apply for 10- or 20‑year term. Members under age 70 may apply for 10‑year term.

COVERAGE AMOUNT
$100,000 - $2,000,000
in $10,000 increments
How Much Do I Need?

RATES
Premium stays the same for the entire coverage term.*

ADDED BENEFITS

Accelerated Benefits Option

Receive a percentage of your life insurance in the event that you become terminally ill and are diagnosed with no more than a specified amount of time to live.

Total Control Account

The Total Control Account (TCA) is a settlement option that provides your loved ones with a safe and convenient way to manage life insurance proceeds.

WHO
ABA members and/or spouse ages 50‑74 may apply. Coverage can continue to the the age of 95

COVERAGE AMOUNT
$25,000 - $125,000
in $25,000 increments
How Much Do I Need?

RATES
Premiums start low and increase at 5‑year intervals.

ADDED BENEFITS

Accelerated Benefits Option

Receive a percentage of your life insurance in the event that you become terminally ill and are diagnosed with no more than a specified amount of time to live.

Total Control Account

The Total Control Account (TCA) is a settlement option that provides your loved ones with a safe and convenient way to manage life insurance proceeds. .


1 2020 Insurance Barometer Study by Life Happens and LIMRA

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