Term Life Insurance

Term life and AD&D insurance is an excellent way to provide you and your family with financial protection. KU T.E.A. is excited to offer it's members access to term life insurance through Reliance Standard, A rated by A.M. Best (affirmed 1/11).

Features of the Plan

Term Life Insurance Reliance Standard's plan provides members with term life insurance protection in the amount you select, from $10,000 to $500,000, in $10,000 increments. New members are offered up to $100,000 of term life insurance, and up to $500,000 of AD&D on a guaranteed issue (no medical question or exams) basis.

Spouses can apply for amounts of $5,000 to $250,000, in $5,000 increments. A spouse of a new member may apply for up to $50,000 of life insurance and $250,000 of AD&D on a guaranteed issue basis. Spouses are able to purchase a stand alone policy without the Member purchasing coverage.

Child(ren)'s coverage is available up to $10,000, in $2,000 increments for both life insurance and AD&D on a guaranteed issue basis for new members. One premium covers all eligible children, ages 6 months to age 25.

If you are a current member and you desire to enroll in the term life and AD&D insurance benefit or request coverage over the guaranteed issue amount, an evidence of insurability questionnaire will need to be completed.

See the summary of benefits for all plan highlights including benefit limitations and exclusions.

 
Rate Calculator
All Policies are Totally Portable

Policies purchased with KU T.E.A. will continue at the same rate and same benefit even if you separate from employment.

Frequently Asked Questions

When can I apply for this insurance?

If you have not joined KU T.E.A. before, you can join and apply for all insurance plans at any time. If you are already a KU T.E.A. member, you can do so at any time but you will be required to complete a health questionnaire.

When do I pay the $1 fee?

Your one-time $1 membership fee is added to your first monthly premium.

Are all children covered with just one rate?

Yes, the premium paid for child coverage is based on the cost of coverage for one child, regardless of how many children you have. Children are covered through age 18 or through age 25 if a full time student.

Can a member purchase Term Life insurance or AD&D coverage on their spouse without purchasing coverage on themselves?

Yes, spouses are able to purchase a standalone policy without the Member purchasing coverage.

Is the rate monthly?

Yes, the premium rate is a monthly rate; however, you may pay any number of months at one time.

How do I pay for the benefits?

Your premiums will be electronically withdrawn from your designated banking account on a monthly basis. Once you have completed the authorization form attached to the Group Term Life enrollment application, you will receive confirmation stating when your premiums will be deducted.

Do I have to answer any health questions?

No, if you are a new member of KU T.E.A. applying for coverage up to the guaranteed issue amount for either the Term Life Insurance and AD&D or Long-Term Care. However, you must complete the evidence of insurability form for any amount above the guaranteed issue. Limits are indicated in the rate information included in the enrollment packet.

Is the coverage portable?

Yes, if you leave the University, you may take this valuable coverage with you at the same rates and benefit schedule.