If something in your life has recently changed—such as pay increases or promotions, marriages, purchasing a larger home or having children—you probably need to add to your coverage. As an AOPA member, you qualify for group term life coverage specifically designed for your active lifestyle—at an affordable group rate and with no general aviation exclusions. Currently, you and your spouse1 under age 65 can apply for $5,000 up to $500,000 in affordable life insurance through the AOPA Group Term Life Insurance Plan.
Up to $500,000 in benefits – You and your spouse1 under age 65 qualify for $5,000 up to $500,000 in group term life insurance benefits. Your dependent children ages 6 months to 19 years (or up to 25 for full-time students) qualify for $5,000 or $10,000 of coverage. Dependent children age 14 days to less than 6 months qualify for $1,000 or $5,000 of coverage.
Coverage continues in force until the group policy anniversary date after you reach age 70, when benefits reduce 50%. After your 75th birthday, benefits reduce another 50%. Benefits end on the premium renewal date on or after your 80th birthday.
Pays “living benefits” – If you are diagnosed as terminally ill with less than 12 months to live, you can request up to 50% of your life insurance benefits (or $500,000, whichever is less) through the plan’s Accelerated Life Benefit. You can use this money any way you wish—to help pay for medical expenses, homemaker services or other expenses. The remainder of your benefit amount will be paid to your beneficiary(ies) after your death. (Please note: Receipt of the accelerated benefit may be taxable, or may adversely affect your eligibility for Medicaid or other government benefits. You should consult your personal tax advisor to assess the impact of this benefit.)
No general aviation exclusions – This plan does not have any general aviation exclusions, unlike some life insurance plans that exclude aviation-related activities.
Portable coverage – You can take this coverage with you if you leave your current job or move. It is not tied to your career or to any one employer.
Affordable group rates – As an AOPA member, you pay an affordable group rate for this coverage. Please see the Rates tab above for pricing.
Conversion privileges – When your coverage terminates or reduces, your life insurance can be converted to an individual whole life policy within 31 days—without regard to your health at that time. This privilege also applies to spouse1 and child coverage.
Travel Assistance Services – You will be covered under the Voya Travel Assistance program at no cost to you. When traveling more than 100 miles from home, Voya Travel Assistance offers you and your dependents four types of services: Pre-Trip Information, Emergency Personal Services, Medical Assistance Services, and Emergency Transportation Services. Voya Travel Assistance Services provided by Europ Assistance USA, Bethesda, MD. Services are not available in Oregon.
Funeral Planning and Concierge Services – Offers members a unique opportunity to discuss and obtain funeral planning information for themselves and eligible family members from independent experts regarding the planning of a funeral. These services are provided at no cost to you. Funeral Planning and Concierge Services provided by Everest Funeral Package, LLC, Houston, TX.
1Reference to spouse include New Jersey civil union partners as well as partners in same-sex relationships formed in other jurisdictions that provide substantially all of the rights and benefits of marriage but which may have been formed under a different name. Spouses are limited to the amount of insurance for which the member is insured.
This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.
Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy 66702-1 issued and delivered in the state of New Jersey, and governed by its laws, to the Aircraft Owners and Pilots Association as the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, MN. Policy Form LP08GP. This is a paid endorsement. AOPA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Health & Benefits Administration LLC, an insurance administrator licensed in the state of New Jersey. In CA d/b/a Mercer Health & Benefits Insurance Services LLC AR Insurance License #100102691 • CA Insurance License #0G39709. Our Role and Compensation
With this benefit, you can collect a portion of your life insurance benefit amount (up to 50%) if you are diagnosed with a terminal illness with less than 12 months to live. You can use your life insurance proceeds to help pay medical or other expenses during this difficult time. Your beneficiary would then receive the remainder of your benefits after your death. Receipt of the accelerated benefit may be taxable, or may adversely affect your eligibility for Medicaid or other government benefits. You should consult your personal tax advisor to assess the impact of this benefit.
Proof of good health is required for approval of coverage. This may or may not include a medical exam. If an exam is required, it will be performed at your convenience and at no expense to you.
Most likely you already have some life insurance—but is it enough and does it cover your general aviation activities? Inflation, economic conditions, and lifestyle changes can all eat away at the value of that life insurance. If something happened to you, your current life insurance may not be enough to adequately support your loved ones. AOPA Group Term Life Insurance makes it easy and affordable for you to obtain additional life insurance.
There are no general aviation exclusions under this plan. Your aviation activities are covered, unlike some life insurance plans that exclude flying in recreational or commercial aircraft.