Just like you maintain your aircraft, license, auto, home, and electronics to keep pace with changing times, you also need to maintain your life insurance. However, obtaining quality, affordable coverage after age 50 can be difficult.
That’s not the case with the AOPA 50+ Term Group Life Insurance Plan. Specifically designed for AOPA members over 50 with busy, active lifestyles, this affordable coverage has no general aviation exclusions—something you may not get from an average life insurance policy.
Currently, AOPA members age 50 to under 74 (and spouses1 age 45 to 74) can apply for $5,000 up to $50,000 in economical life insurance without submitting to a medical exam. That makes 50+ Term Life Insurance an easy and cost-effective way to add to the life benefits your loved ones may need later on if something happens to you.
(AOPA Member Only Benefit)
Up to $50,000 in Life Benefits – AOPA members age 50 to 74 can qualify for $5,000 up to $50,000 in life benefits. Your spouse1 also qualifies for coverage if he or she is at least age 45 and under age 75.
Coverage reduces to 50% at age 75, to 25% at age 80 and to $2,500 at age 85. When your coverage reduces it will never reduce below $2,500.
Pays “living benefits” 3 – If you are diagnosed as terminally ill with less than 12 months to live, you can request up to 80% of your life insurance benefits 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 prepare for final 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 the payment of benefits if your death is caused by piloting or flying in any aircraft.
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 anan economical or cost efffective group rate for this coverage.
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 coverage.
1Domestic Partner includes your registered Domestic Partner if you and your Domestic Partner are registered as domestic partners, civil union partners or reciprocal beneficiaries with a government agency or office where such registration is available. It also includes your non-registered Domestic Partner in whom you have an insurable interest. By enrolling such Domestic Partner for coverage and signing this enrollment form, you are attesting to your insurable interest.
Offers you and your spouse/domestic partner unlimited face-to-face or telephone meetings with an attorney, from MetLife Legal Plans’ network of over 18,500 participating attorneys, to prepare or update a will, living will, and Power of Attorney.
Estate representatives and beneficiaries may receive unlimited face-to-face legal assistance with probating your and your spouse/domestic partner’s estate. Beneficiaries can also consult an attorney, from MetLife Legal Plans’ network of over 18,000 participating attorneys, for general questions about the probate process.
Provides you and your dependents up to five private counseling sessions with a professional grief counselor — per event — to help cope with a loss, no matter the circumstances, whether it’s a death, an illness or divorce. Sessions may also be held over the phone.
Services designed to simplify the funeral planning process for your loved ones and beneficiaries to assist them with organizing an event that will honor a loved one’s life from a self-paced funeral planning guide to services such as locating funeral homes, florists and local support groups.
1Will Preparation and MetLife Estate Resolution Services are offered by MetLife Legal Plans, Inc., Cleveland, Ohio. In certain states, legal services benefits are provided through insurance coverage underwritten by Metropolitan General Insurance Company and affiliates, Warwick, Rhode Island. Tax Planning and preparation of Living Trusts are not covered by the Will Preparation Service. 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.
2Grief Counseling and Funeral Planning Assistance are provided through an agreement with TELUS Health. TELUS Health is not an affiliate of MetLife, and the services TELUS Health provides are separate and apart from the insurance provided by MetLife. TELUS Health has a nationwide network of over 30,000 counselors. Counselors have master’s or doctoral degrees and are licensed professionals. The Grief Counseling program does not provide support for issues such as: domestic issues, parenting issues, or marital/relationship issues (other than a finalized divorce). This program is available to insureds, their dependents and beneficiaries who have received a serious medical diagnosis or suffered a loss. Events that may result in a loss are not covered under this program unless and until such loss has occurred.
3The ABO benefits are intended to qualify for favorable federal tax treatment, in which case the benefits will not be subject to federal 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 ABO 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 ABO benefits will have on public assistance eligibility for you, your spouse or your family.
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 229348 issued and delivered in the state of New Jersey, and is governed by its laws, to the Aircraft Owners and Pilots Association as the policyholder. 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. Group Senior Term Life Insurance underwritten by Metropolitan Life Insurance Company New York, NY 10166. 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 Metropolitan Life Insurance Company by AMBA Administrators LLC, an insurance administrator licensed in the state of New Jersey. Association Member Benefits Advisors (AMBA) LLC. In CA d/b/a Association Member Benefits & Insurance Agency. CA Insurance License #0I96562 | AR Insurance License #100114462. Our Role and Compensation
*Not available in all states