HELP PROVIDE SECURITY AT AFFORDABLE RATES The plan provides members with term life insurance protection in the amount you select, from $200,000 to $1,000,000, in $5,000 increments.
Your premium may stay level for up to 10 years. With our plan, the initial premium may not change for the first 10 years. However the insurance company does reserve the right to change premium rates, but may only do so for all insureds covered under the group policy and with 60 days written notice.
This group coverage is available to you as a member of the Ohio State Bar Association. Administrative costs for group coverage are low, so you can save on premium costs and enjoy the benefits of the plan.
Spouse, Child and Employee Coverage Spouses and employees can apply for coverage amounts of $200,000 to $1,000,000 in $5,000 increments.
Coverage of $5,000 or $10,000 is also available for your children, at a semi-annual rate of $6.00 or $12.00, respectively. One premium covers all eligible children, ages six months to 25 years. Children ages 14 days to six months are covered for $500 or $1,000.
Eligibility for this Plan OSBA members and employees through age 65 who are actively at work are eligible for coverage. Your spouse is eligible to apply for coverage through age 65 if able to conduct the normal activities of a person of like age gender, and is in good health.
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Level term for 10 Years At the end of the level term period, evidence of insurability is required to enter another level term period (subject to the maximum age to begin a level term period). If evidence of insurability is not provided or not approved by ReliaStar Life, rates will be based on the five-year age brackets for the insured's current age.
Pay No Premiums if You're Disabled If you become totally disabled before age 60, you may keep your coverage, subject to policy provisions, without paying premiums.
Continuous Coverage to Age 75 Coverage will not reduce during your level term period. For members and spouses who are under age 65 at the end of a level term period, coverage will not reduce until age 65. Coverage will reduce to 65% at age 65, to 25% at age 70, and terminate at age 75.
For members and spouses who are 65 to 70 at the end of a level term period, coverage will reduce to 65%, and thereafter to 25% at age 70. For members and spouses who are age 70 to 75 at the end of a level term period, coverage will reduce to 25%, and terminate at age 75.
Coverage for employees will reduce and terminate in accordance with age discrimination laws.
Upon termination, the insured may convert to an individual whole life policy, without proof of good health.
Coverage is subject to renewal of the group policy by the Ohio State Bar Association and timely premium payment.
Individual Policy Conversion Option If an insured later becomes ineligible for this group coverage, conversion to an individual whole life policy is allowed without proof of good health.