FOR MEMBERS OF
SOUTHWEST AIRLINES PILOTS' ASSOCIATION

Dear SWAPA Member,

Your income is what makes everything happen. How well do you think your family will get by without it?

Here's exciting news for you...

Because you are a member of  SWAPA, Harvey Watt & Company provides you with an opportunity to participate in a group term life insurance program through ReliaStar Life Insurance Company, a member of the ING family of companies. We are happy to provide this important voluntary benefit to help you acquire the financial protection you and your family need.

Life Insurance can be used to:

  • help meet mortgage or rent payments
  • pay off outstanding loans and other financial obligations
  • provide day care, college, and other educational funds for your children
  • pay expensive medical bills after a long illness

Group Voluntary Term Life Insurance.  Even if you have some life insurance, you probably don't have enough.  Financial experts recommend you have at least five to seven times your annual income. Also, you can’t continue your “company plan” at the same rates should you retire, become disabled or drop off the payroll for other reasons. In addition to higher spousal limits and portability, here are some more reasons to sign up for this benefit as compared to the company plan.

  • Now you can purchase amounts up to $1,500,000 (not to exceed 10 times your annual earnings) subject to evidence of insurability satisfactory to ReliaStar Life.
  • This plan provides "pure" protection, so you get can more coverage for your insurance dollar.  And with this plan's outstanding features and prices, we feel it's one of the best plans available.
  • You and your spouse can apply for up to $1,500,000 in convenient $5,000 increments... and your spouse can apply, even if you do not.  You decide how much you need, up to a maximum of 10 times your basic annual income.
  • Your children are also eligible for $10,000 of coverage.
  • Premiums are affordable.  For example, the premium for $250,000 of coverage for a non-smoker age 38 is only $11.75 a month.
  • It's portable.  You may continue your term coverage at the SWAPA plan rates should you retire, become disabled, or drop off the SWAPA payroll for any reason. You also have the option of converting your term insurance to an individual whole life policy.
  • Living benefits are paid for terminal illness.
  • There are no coverage exclusions other than suicide in the first two years.
  • Payments are easy and convenient - premiums are automatically deducted from your checking account.  Annual payments are also available upon request. 
  • If you have already purchased this coverage, you can increase your existing amount now or at any time you wish.

 

Your Aviation Association Insurance Trust Group Voluntary Term Life Insurance plan is underwritten by one of the most respected and financially secure insurance companies in America – ReliaStar Life Insurance Company (a member of the ING family of companies). ReliaStar Life Insurance Company is rated A+ (Superior) by A.M. Best, which is 2nd out of 15 rating categories ranging from A++ to F for operating performance and financial strength, and rated AA (Very Strong) by Standard & Poor’s, which is 3rd out of 20 rating categories ranging from AAA to CC for financial strength.

The next page contains a brochure which describes the plan in more detail.  Please take a moment to read about this fine coverage, check the affordable group rate for your age and compare against other plans that are available to you.  If you would like to join your fellow pilots in taking advantage of this opportunity, return your application today.

If you plan to replace existing coverage, apply early and don't cancel any existing coverage until the new certificate is approved.

This coverage is not available to pilots who are on medical leave of absence, short-term disability, loss of license, or long-term disability status.  Those pilots will become eligible upon return to work.

We are pleased to provide this excellent benefit to you.  It is an advantage you can depend on for your family's security as a result of your membership in Southwest Airlines Pilots’ Association..

Please contact the administrator, Harvey Watt & Company, for additional information or questions: 1-800-241-6103.

 

Sincerely,

Harvey Watt & Company

 

 

P.S.

While we believe this plan to be an excellent value, SWAPA assumes no responsibility for the plan, the adequacy of funding thereof, or any act of ReliaStar Life Insurance Company or Harvey Watt & Company.