DoD/Government Contractor Group Level Term Life Insurance

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Protection You and Your Family Can Count On

Your family depends on you. What would happen to them without you or your income?

Protect Your Loved Ones: Secure a Term Life Insurance Policy from AFBA today.*

As a government contractor, you may often find yourself in unique work situations—working, living, or traveling to dangerous locations. Unfortunately, many adults with dependents lack sufficient coverage to protect their survivors if they were to die unexpectedly. You can protect your loved ones if something were to happen to you on or off the job.

Experts recommend having enough life insurance to replace income for 7 to 10 years. The reality is that the typical couple has less than half that amount.**

This is your chance to ensure peace of mind. AFBA offers term life coverage at competitive rates, especially created for those who currently work or have worked as a government contractor. You and your spouse are eligible to enroll for a maximum of $500,000 through age 64 provided you are a United States citizen. Your children are eligible for coverage up to $50,000.

Product features include:

  • Coverage ON and OFF duty
  • No hazardous, line of duty, or occupational restrictions
  • No combat or terrorism exclusions
  • Emergency death benefit payment of up to $15,000 within one business day of notification
  • Optional spouse and child coverage
  • $40,000 family survivor college scholarship

DoD/Government Contractor Level Term Life Insurance

Take advantage of this unique opportunity and get protection for you and your family. What’s more, signing up for this valuable coverage is easy and no paramedical exam is needed for contractors under age 50 for up to $250,000, ages 50-55 for up to $100,000, and ages 56-59 for $50,000 of total insurance coverage. The only requirement is the Statement of Health (SOH) on the enrollment form. If a paramedical exam is required (see chart below), it will be arranged by AFBA at no additional cost, in the comfort of your own home or office. Additional information may be required at the discretion of AFBA. Coverage is effective upon underwriting approval.

For Contractors

Age $50,000 $51,000-
$100,000
$101,000-
$150,000
$151,000-
$200,000
$201,000-
$250,000
$251,000-
$300,000
$301,000-
$500,000
18-39
             
40-49
             
50-55
             
55-59
             
60-64
             

For Spouses and Dependents

Age $50,000 $51,000-
$100,000
$101,000-
$150,000
$151,000-
$200,000
$201,000-
$250,000
$251,000-
$300,000
$301,000-
$500,000
18-39
             
40-49
             
50-55
             
55-59
             
60-64
             
               
  Complete Statement of Health (SOH). If any "yes" answers on SOH, additional medical information may be required   Complete SOH, Paramedical Exam, Blood Profile and Urinalysis   Complete SOH, Paramedical Exam, Blood Profile, Urinalysis and Resting EKG

 

Children's Rider

Dependent children under age 21 (23 if a FT student) are eligible for coverage under the Children’s Rider. Simply answer a few Statement of Health (SOH) questions. Ages 15 days to 6 months: $1 per $1,000 of coverage up to $5,000. Ages 6 months to 21 years: $1 per $5,000 of coverage up to $25,000. Or, ask about Children’s Term Life Insurance which provides $50,000 of individual coverage.

Scholarship Benefit

Families of eligible insured’s can benefit from the Charles C. Blanton AFBA Family Survivor College Scholarship. The surviving spouse and children of AFBA eligible members who die as a result of U.S. Government recognized acts of foreign or domestic terrorism, or in operations at the scene of an incident are eligible. The scholarship provides up to $10,000 per year, per family, up to a total maximum benefit of $40,000 toward a college degree.

Coverage continues to age 70 and cannot be canceled as long as insurance contributions are paid. Contributions change on the anniversary of your coverage effective date following entry into a new age group. Contributions are based on current age at enrollment. Contributions may increase should AFBA encounter a significant change to cost factors like expenses, persistency, mortality or interest rates. Refer to the Certificate of insurance for details of coverage.

Life insurance products underwritten by 5Star Life Insurance Company (a Baton Rouge, LA company) with an administrative office at 909 N. Washington Street, Alexandria, Virginia 22314. Products available in all states plus the District of Columbia, American Samoa, and Puerto Rico. Products offered in the state of New York are underwritten by New York Life Insurance Company located at 51 Madison Avenue, New York, NY 10010 on Policy Form GMR/G-29390-0. New York Life Insurance Company (NAIC No: 66915) is domiciled in New York and licensed/authorized to transact business in the 50 United States and the District of Columbia.

* LIMRA Facts About Life (Sept. ‘09).
Click here for full details on the Charles C. Blanton AFBA Family Survivor College Scholarship.