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.
These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.
Insurance Application and Brochure
Beneficiary Designation Form
Attained Age- |
$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 10/31/2023.
*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).
We're here to help! Please contact us in whatever manner is most convenient for you.
Powered by:
| Address AMBA 4050 NW 114th Street Urbandale, Iowa 50322 |
|---|
| Phone 1-800-247-7988 |
| Hours M-F 7:30a-5p CT |
| Email [email protected] |
Underwritten by:
| ReliaStar Life Insurance Company Minneapolis, MN |
|---|
Answers about the program, including eligibility, options, customer service and more.
Can my spouse¹ obtain separate coverage?
Do I have to take a medical exam, blood test, etc.?
How long does the application process take? When will my coverage become effective?
Who is AMBA?
Who is the current insurance carrier and what is its rating?
ReliaStar Life Insurance Company is the insurance carrier for the ROA Senior Term Life Plan. ReliaStar Life is rated A Excellent by A.M. Best. This is the third highest of 15 ratings. A.M. Best company assigns ratings from A++ to F based on a company's financial strength and ability to meet obligations to contract holders.
Association Member Benefits Advisors, LLC. makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of AMBA or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.
1In OR, spouse includes domestic partner.
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 GL-31816-7, issued and delivered in the state of North Dakota, and governed by its laws, to ROA as the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is powered on behalf of ReliaStar Life Insurance Company by AMBA, an insurance manager licensed in the state of North Dakota. Policy form LP08GP.
This is a paid endorsement. ROA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.