AlumniTerm 10/20/30 Group Level Term Life Insurance
Get full details and start your online application here.
Coverage may not be available in all states. Please contact The Alumni Insurance Program at 1‑800‑922‑1245 for additional details.
10-year term Your estimated premium: $25.00 (or $3,000.00/year)
20-year term Your estimated premium: $25.00 (or $3,000.00/year)
30-year term Your estimated premium: $25.00 (or $3,000.00/year)
Your premium is based on your age, gender and health when coverage begins.
The premium rates shown above are for alumni accepted on a “Preferred” plan basis. Preferred premiums are the lowest and require excellent health. Many applicants who are approved for AlumniTerm 10/20/30 are expected to be offered Preferred premiums. In some cases, you may be offered coverage with higher “Select” or “Standard” premium rates.
The premium at which you enter the plan is projected to remain the same for the initial 10, 20, or 30-year term and will not change due to your age or a change in your health status. While premiums are projected to remain level for the initial period, the Insurance company reserves the right to change rates for all insureds only once in a 12-month period.
Policies are issued by Metropolitan Life Insurance Company (MetLife), New York, NY. A $5.00 administrative fee will be added to each bill and is NOT included in the amounts shown above.
This calculator is intended to help you in deciding what amount of life insurance protection may be right for you. It is not a substitute for a financial planner. Your financial information is not saved.
AlumniTerm 10/20/30 is an easy, affordable way to help secure the future of those you love at a competitive rate. But an affordable price is not the only reason to consider this important alumni benefit. Here are a few more:
1 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 not be subject to federal income 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.
2 Will Preparation Services and Estate Resolution Services are offered by Hyatt Legal Plans, Inc., a MetLife company, Cleveland, Ohio. In certain states, Will Preparation Services and Estate Resolution Services are provided through insurance coverage underwritten by Metropolitan Property and Casualty Insurance Company and its affiliates, Warwick, RI. These services are provided at no additional cost to those who purchase Life Insurance only. Certain services are not covered by Estate Resolution Services, including matters in which there is a conflict of interest between the executor and any beneficiary or heir and the estate; any disputes with the group policyholder, MetLife and/or any of its affiliates; any disputes involving statutory benefits; will contests or litigation outside probate court; appeals; court costs, filing fees, recording fees, transcripts, witness fees, expenses to a third party, judgments or fines; and frivolous or unethical matters.
Coverage may not be available in all states. Please contact your plan administrator for more information. The association and/or the plan administrator incurs costs in connection with providing oversight and administrative support for this sponsored plan. To provide and maintain this valuable alumni benefit, MetLife may compensate the association and/or the plan administrator for these and/or other costs. Like most insurance policies, insurance policies offered by MetLife and its affiliates contain certain exclusions, exceptions, reductions, limitations, waiting periods and terms for keeping them in force. Please contact your plan administrator for costs and complete details.
Group insurance coverage is issued by Metropolitan Life Insurance Company, New York, NY 10166.