At a Glance

Term coverage is the purest kind of life insurance with no costly savings features. Here’s level term life insurance you can depend on for a full 10 years with premiums that are designed to not go up and benefits that will not go down, for as long as you remain an eligible member.^*

How To Apply

Download your Group 10-Year Level Term Life Insurance Application by clicking on the "Apply Now" button and following the instructions. Be sure to review the Plan Details. Remember, only eligible ISBA members may apply.

ELIGIBILITY
Available exclusively to ISBA members age 60 or under, who may apply for coverage for themselves and their lawful spouses/domestic partners age 60 or under. 

A person may be insured as a member or spouse/domestic partner, but not both.

Unmarried, dependent children ages 6 months through 18 years (22 if full–time student) are eligible for $5,000 of coverage. Children ages 14 days to 6 months may be insured for $1,000 each. 

APPLY FOR UP TO $500,000 OF COVERAGE 
Choose the amount of Group 10–Year Level Term Life insurance you need to help cover you and your family for the next 10 years–without the worry of premiums that could go up or benefits that could go down.* 
Amounts Of Insurance: 
Members–$100,000 to $500,000 in $5,000 increments. 
Spouse/Domestic Partner–$100,000 to $500,000 in $5,000 increments. (The amount of coverage for a spouse/domestic partner cannot exceed the Member's amount of coverage.)
Children–$5,000

PLAN FEATURES 
Pay Less If You’re a Qualified Non-tobacco user
Non-tobacco users meeting the highest underwriting standards may qualify for the "Super Preferred" (the Plan’s best) rates that follow. Other non-tobacco users may qualify for "Preferred" rates.

Continuing Insurance After the 10–Year Term Ends 
Premiums are designed to remain level for the first 10 years of coverage*. At the end of the 10–year period, you may elect to reapply for 10–year level term rates then in effect for a subsequent 10–year period, provided the insured person is age 60 or under and otherwise eligible. If your application for a subsequent 10–year term of level term rates is approved by the insurer, your premium contribution will be based on your age and tobacco–use status at the time coverage becomes effective and will remain level for a new 10–year term.*

Or you can be automatically transferred to group annual term life coverage with attained age rates, without proof of good health, and subject to all terms and eligibility requirements of the group policy. The initial premium rate will be based on your current age at the time of transfer.

Keep Your Cost Manageable 
Rates have been provided on a quarterly basis per $5,000 of coverage to make it easier for you to compare this Plan with other insurance plans on the market today. Four modes of payment are available to suit your budget: quarterly billing, semiannual billing or annual billing; and our Monthly Pre–Authorized Check Payment Plan.

Your Cost
The cost of this life insurance is based upon the member and spouse’s/domestic partners gender, amount of insurance requested, usage of tobacco/nicotine products, and attained age on the date coverage is issued. Premium contributions will vary depending upon the options chosen. 

Only non-tobacco users meeting the highest underwriting standards will qualify for "Super Preferred" or "Preferred" rates. (Note: tobacco users may qualify for "Tobacco".) Upon approval of your application by the insurer, you will be notified of the rate classification for each approved person. 

Coverage does not reduce during a level term period.

Rates shown are as of January 1, 2024.

The classes of rates are "Preferred" and "Tobacco." Non tobacco users may qualify for the higher "Preferred" rates. (Note: tobacco users may only qualify for the "Tobacco" rates.) 
Upon approval of your application by the insurer, you will be notified of the rate classification for each approved person.
Acceptance into this plan is subject to medical evidence of insurability as determined by ReliaStar Life. Depending on your age, amount of coverage you request and your answers on the application, a medical examination, medical test(s) or other evidence of good health may be required. Any exams/tests requested by the insurer will be conducted at your convenience at no expense to you.

Send No Money Now! 
All you need to do is return the completed application. You will be billed for the appropriate premium upon approval of your application by the insurer. 

OTHER IMPORTANT INFORMATION 

Exclusions
You’re covered 365 days a year, wherever you are. The only exclusion is suicide within the first two years of the date your insurance or increase in insurance starts. The Accelerated Life Benefit is subject to additional exclusions.

Accelerated Life Benefit
The Accelerated Life Benefit option is available to help terminally ill insureds during a difficult, and often financially challenging, time. You must have at least $10,000 in Life Insurance coverage in force to qualify for this benefit. Under this provision, you may request one advance payment equal to 60% of your in force life insurance, or $250,000, whichever is less, to be paid while the terminally ill person is still alive. The amount of insurance payable after the insured’s death will be reduced by this payment. Premium contributions will not be reduced.

This money can be used to help cover high prescription drug costs … medical bills … outstanding debts … to help pay for experimental treatments … the cost of modifications to your home … or for a family vacation–the choice is yours.

To qualify, a terminally ill insured must provide ReliaStar Life with a doctor’s statement which gives the diagnosis of your medical condition and states you have a life expectancy of no more than 24 months. For additional details and limitations, please see the Certificate of Insurance.

Please note that 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.

You Name Your Beneficiary
You may name anyone you wish as the beneficiary of this plan, and you may change the beneficiary by contacting the Insurance Administrator in writing and advising them of the change.

You may also choose to name a beneficiary that you cannot change without his or her consent. This is an irrevocable beneficiary.

ADDITIONAL PLAN PROVISIONS
Effective Date
Your insurance starts on the first day of the month on or after the later of the following dates:

• ReliaStar Life approves your proof of good health;
• Your premium is received;
• You become eligible for insurance; or
• You apply for insurance, if proof of good health is not required.

You may select from $100,000 to $500,000 in 10-Year Life insurance coverage (in $5,000 increments). Coverage continues as long as you remain an active member of the ISBA, pay your premium when due; and the Group Policy remains in force. Your amount of coverage will not decrease due to age during a level term rate period.

For members or spouses or domestic partners who are under age 60 at the end of a level term period, coverage will not reduce until age 65. Coverage will reduce by 50% at age 65, 70 and 75. Coverage terminates on the group policy anniversary date on or after your 80^th birthday.

When Coverage Ends
As long as you remain an active member of the ISBA, pay your premium when due, and the group policy remains in force, you can keep your coverage. Coverage terminates at age 80.

Your insurance stops on the earliest of the following dates:

• The last day of the month during which you are no longer eligible for insurance under the Group Policy;
• The end of the period for which you paid premiums, if you do not make the next required premium contribution when due;
• The date the Group Policy terminates;
• The premium due date on or after your 80th birthday;

Renewal Payments and Claims 
Once you are approved for coverage, you will have a 31–day grace period for your payment of renewal premium contributions. When you want to submit a claim, call or write the Administrator for claim forms. 

Certificate of Insurance 
When you become insured, you will be sent a Certificate of Insurance detailing your benefits under the Group Policy. 

30–Day Free Look
If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it within 30 days provided no claims have been submitted or paid. Your coverage will be invalidated and you will be sent a full refund of premiums paid–no questions asked! 

PLEASE KEEP FOR YOUR RECORDS
All members and spouses/domestic partners must complete an application form for any new coverage or to increase coverage (including dependent coverage) or to begin an initial or subsequent 10–year Level Term Rate Period when proof of good health is required. Some applicants may be required to have a medical exam in order to apply for coverage. For more information on medical requirements, please contact your Plan Administrator. If there is an increase in the amount of your insurance, the increase will take effect on the first day of the month on or next following the date of the increase. If you are in a Level Term Rate Period, premiums for the increased amount of insurance will be based on your attained age on the effective date of the increase. Your ISBA Level Term Life Plan will start on the first day of the month after your application has been approved by the insurer and your first premium has been paid. 

*The initial premium will not change for the first 10 years unless, the insurance company exercises its right to change premium rates for all insureds covered under the group policy with 60 days advance written notice.

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 67941-1, issued and delivered in the state of Illinois to Illinois State Bar Association as the policyholder. The group policy is sitused in the state of Illinois and is governed by its laws.The group life policy is issued by ReliaStar Life Insurance Company, a member of the Voya® family of companies, Minneapolis, Minnesota. The policy is administrated on behalf of ReliaStar Life Insurance Company by AMBA, an insurance administrator licensed in the state of Illinois. Policy Form LP00GP.

This is a paid endorsement. ISBA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.