FOR MEMBERS OF DELTA PILOTS MUTUAL AID
Important Insurance Protection at Affordable Group Rates!

This supplemental group life insurance plan allows you to choose the amounts of insurance that best suit your family needs.

Both you and your spouse can apply for life insurance and one of you can apply for life insurance for your dependent children.  Your spouse may apply even if you do not.

Do you own any of these items?

·         Smoke alarms

·         Tamper-proof medicine bottles

·         Bolts and locks

·         Burglar alarms/security systems

If you do, you're protecting your family's safety.  But, what are you doing to protect their ongoing quality of life?

Could your family continue to live in their accustomed lifestyle if something happened to you or your spouse?

Would they have sufficient income to pay for:

  • The mortgage?
  • Medical bills?
  • Car payments?
  • Emergency car or home repairs?
  • College?

If your answer is "no" or you aren't sure, we have a solution for you.  It's the Association Group Term Life insurance plan, underwritten by ReliaStar Life Insurance Company (a member of the ING family of companies).

This plan complements any life insurance you currently have.  Since it's available through DPMA, you get it at affordable group rates.  But unlike other group coverage which ends when your employment ceases, you may continue this plan should you retire or change jobs.  At age 70 you may convert your group coverage to an individual whole life coverage.

Voluntary term life helps you protect your family's quality of life.  You select the coverage you and your spouse need to cover the essentials you want to provide for your family.

The following questions and answers cover the main features of this group term life plan.

Who is eligible?

You are eligible if you are:

·         An active member of the Delta Pilots Mutual Aid and a pilot on the Delta Crew Member Master Seniority list who is actively working full-time (not on sick leave or disability).

·         Your spouse, under age 70, and your dependent children are eligible if they are over age 14 days and under 21 years.

·         Your children who are full-time students and wholly dependent upon you for support are eligible up to age 25.

How much coverage may I select?

You may apply for insurance in increments of $25,000.  However, the amount chosen may not exceed 10 times your annual salary or $1,500,000, whichever is less.  Your coverage will be reduced by 50 percent at age 70.  Your spouse has the same coverage options and may apply even if you do not.  In New York, Florida, and Texas, your spouse may apply only if you apply.  In New York, a spouse can elect a maximum amount equal to the employee's amount.  In Texas and Florida, a spouse can elect a maximum equal to 50 percent of the employee's amount.  Your spouse's coverage will terminate when he/she attains age 70.

Your dependent children may also be insured for $10,000.  You or your spouse must be insured under this program in order for your dependent children to be eligible.

Living benefit

A living (or accelerated) benefit provides a terminally ill insured under age 70 the option of receiving up to 50% of their life insurance benefit while they're alive.  An insured must have a life expectancy of 6 months or less.

How are premiums paid?

By automatic bank draft through the administrator, Harvey Watt & Co.  The premium rates shown are guaranteed for the first year of coverage only.

What is the cost?

The monthly cost for you and your spouse varies by age.  The monthly cost will increase as you or your spouse reach the next age bracket.  The monthly premium rates are outlined below.

Monthly Rate per $1,000 of Coverage

Attained Age

Under 30
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75&Over*

Tobacco  

$ .056
   .056
   .074
   .121
   .205
   .335
   .521
   .632
 1.702
 2.939

Non-Tobacco
Member

  .028
  .033
  .042
  .066
  .093

  .167
  .260
  .353
  .949
1.637

2.632

Non-Tobacco
Spouse

  .037
  .037
  .047
  .074
  .112
  .205
  .260
  .353
  .945
1.637
2.632

*Applies to active employees only.

Monthly Premium for $10,000 of Coverage for Dependent Children

$2.00 per Family

Dependent children are eligible if they are between the ages of 15 days and 25 years.  However, children must be attending an accredited college of university on a full-time basis from age 21 to 25, and be wholly dependent on the employee for support in order to remain eligible for this coverage.

Example for Non-Tobacco: You are 42 and select $250,000 of life insurance.  Your spouse is 38 and selects $150,000 of life insurance.  You insure your three children for $10,000.  Your monthly premium is $25.55.

Employee
Spouse
Children
TOTAL

=
=
=
=

250
150

x
x

.066
.047
2.00

=
=
=

16.50
7.05
2.00
$25.55

 

 

When do benefits terminate?

Coverage can be terminated if the person covered is no longer eligible, the premium is not paid, the insured reaches the limiting age, or the group plan terminates.

 

What if I terminate my employment or membership?

If coverage ends, there are two options:

Option 1:  You, your spouse, and your dependent children may, within 45 days, convert your insurance to an individual whole life policy without evidence of good health.

Option 2:  You and your spouse (under age 70) and your dependent children (under the limiting age) may continue your insurance without evidence of good health by continuing to pay your premium as billed.  At age 70 (for you and your spouse) and at the limiting age (for your children), coverage may be converted to an individual whole life policy.

These options are not available if coverage ends because of nonpayment of premium or if the master group policy ends.  Details will be provided in your certificate.

Who receives the proceeds?

You designate your beneficiary.  Your spouse also designates a beneficiary.  You or your covered spouse can change beneficiaries by giving written notice to ReliaStar Life, unless you provide otherwise in your original designation.  You will be the beneficiary of your children's insurance.

How do I apply?

Please complete and return the application on the next page* and authorization to deduct premiums from your checking account.  Be sure to sign the application.  Have your spouse sign it if he or she is applying for coverage.  All applications for insurance must be approved by ReliaStar Life.  Be sure to return the application to the plan administrator:

Harvey Watt & Co.
P.O. Box 20787
Atlanta, GA 30320
800-241-6103

* A physical exam is often not requested.  However, ReliaStar Life reserves the right to request an exam at their expense when it is deemed necessary.

 

When is coverage effective?

Your insurance is effective on the first day of the month in which a deduction is made from your personal checking account for your premium, after approval by ReliaStar Life.

Your dependent children's insurance is effective on the day insurance begins for you or your spouse, whichever comes first.

NOTE: You must be actively at work on the day your insurance is to take effect.  If you are not, your insurance will take effect on the day you resume work.  Your spouse and dependent children must not be hospital-confined on the day their insurance is to take effect.  If they are, their insurance will take effect on the day they return to normal activities.

Are there any exclusions?

Yes, suicide is excluded during the first two years of coverage.

 

Underwritten by:

ReliaStar Life Insurance Company

(a member of the ING family of companies)

ReliaStar is rated A+ (Superior) by A.M. Best Company. An A+ rating from A.M. Best reflects this company’s superior overall strength and operating performance when compared to A.M. Best's standards. This is A.M. Best’s 2nd out of 15 rating categories ranging from A++ to F.  For the latest A.M. Best's Ratings and A.M. Best's Company Reports, please visit the A.M. Best Web site at www.ambest.com.


This is a summary of benefits only and is subject to the terms, conditions and limitations of the policy.