Senior Group Term Life Insurance

Senior Group Term Life Insurance  

Overview

As an ROA member in good standing, you can now qualify for this ROA Member benefit. ROA Senior Term Life is designed for Members ages 50-74 (for ROA spouses1 age 45-74). The Senior Term Life plan offers coverage amounts between $10,000.00 and $50,000.00. With no medical exam required, the ROA Senior Term Life plan may be right for you.

 

Benefit Features:

  • Coverage available from $10,000.00 to $50,000.00
  • Choice of Benefits
  • Economical Group Rates
  • Spouse1 Coverage Available

 

Forms

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 

Insurance Application and Brochure

Beneficiary Designation Form

Tell Me More

ROA Life benefits:

  • No-medical-exam required.
  • Select $10,000.00, $25,000.00 or $50,000.00 in coverage.
  • Once approved by the insurer, full benefits start on day one of coverage.
     

ROA Group Term Life Insurance Plan Monthly* Group Rates

Attained Age-
Member & Spouse
¹

$10,000.00

$25,000.00

$50,000.00

 

Male

Female

Male

Female

Male

Female

45-49**

$6.70

$4.60

$16.75

$11.50

$33.50

$23.00

50-54

$9.20

$5.20

$23.00

$13.00

$46.00

$26.00

55-59

$13.80

$7.90

$34.50

$19.75

$69.00

$39.50

60-64

$20.00

$13.20

$50.00

$33.00

$100.00

$66.00

65-69

$30.90

$22.30

$77.25

$55.75

$154.50

$111.50

70-74

$43.10

$33.80

$107.75

$84.50

$215.50

$169.00

 

Rates shown are guaranteed until 10/31/2024.


*You will be billed just four times a year. If applicable, an additional $2.00 billing fee will be included on your billing notice payable to the administrator. To save the fee, select Electronic Funds Transfer (EFT) as a safe and secure payment option. Coverage begins on the first day of the month following approval by the Insurer and payment of first premium. Coverage continues with no decrease in benefits until you reach age 75. At age 75, benefits reduce to 50%. At age 80, benefits reduce to 25% of original face value. At age 85 and after, benefits will be $2,500.00. Coverage cannot be canceled as long as you remain a Member of ROA, pay your premiums when due and the group contract remains in effect.


ROA Members' Spouses¹ ONLY can apply for coverage starting at age 45 (through age 74). ROA members can apply for coverage starting at age 50 (through age 74).

Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

 Address
AMBA
4050 114th Street
Urbandale, Iowa 50322
 Phone
1-800-247-7988
 Hours
 M-F 7:30a-5p CT
 Email
[email protected]

 

Insurance Company

ReliaStar Life Insurance Company
Minneapolis, MN

FAQs

Answers about the program, including eligibility, options, customer service and more.