Bruce Oakley, Inc./JANTRAN
Bruce Oakley, Inc./JANTRAN
Your Lifetime Life Insurance includes the following benefits:
This benefit allows you to access up to 75% of your eligible death benefit if you’re diagnosed with a terminal illness. 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.
This benefit allows you to accelerate your death benefit if you are receiving qualified long-term care, including home health care, adult day care or confinement to a long-term care facility. 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.
If you qualify for monthly payments under the Rider and have exhausted the accelerated benefit payments, this benefit increases your life insurance amount and extends the monthly accelerated benefit payment(s) based on the provisions in the rider.
If you qualify for payments under the Rider, this restores your life insurance benefit amount while your coverage under the Certificate and this Rider are in force. The restored life insurance amounts will equal 90% of the amount of life insurance in force prior to being reduced by the monthly accelerated death benefit payments.
This benefit provides a fixed amount of term life coverage with one premium rate for all eligible dependent children.
This benefit provides coverage for your spouse.
Voya Cares® is not insurance coverage. It is a service offered through the Voya family of companies.
Certificates
Review this document for a complete overview of benefits
What is Lifetime Life Insurance?
How can Lifetime Life Insurance help?
Even if you already own conventional term life insurance, it may not be enough to protect your family or meet their future financial needs, especially given the rising costs of living and other expenses. Lifetime Life Insurance complements conventional term life insurance and can provide a lifetime of comprehensive protection for you and your family, so coverage will be there when you need it – during your working years and beyond.
Why should I enroll through my employer?
Premium amounts are deducted from your paycheck, so you don’t have to worry about paying another bill.
Can I purchase coverage for my spouse and child?
Coverage is available for your eligible spouse and your eligible children through age 25* as defined in the certificate of insurance and riders, if employee coverage is elected.
Do I need to provide health information?
Depending on the amount of coverage you select or the offer to your group, you may need to provide evidence of insurability on yourself, your spouse and/or your children. When evidence of insurability is required, the insurance company will need to approve it before coverage becomes effective.
Group Term Life Insurance is issued and underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of insurance and riders. Policy form #GLL-POL-23; Certificate form #GLL-CERT-23; and Rider forms: Spouse GLL Rider form #GLL-SPR-23; Children’s GLL Rider form #GLL-CHR-23; Accelerated Death Benefit Rider for Long Term Care form #GLL-ABRLTC-23; Accelerated Death Benefit Rider form #GLL-ABRLTC-23; Absence from Employment Premium Waiver Rider form #GLL-AEPW-23; Continuation of Insurance Rider form #GLL-CNT-23; and Waiver of Premium Rider for Total Disability form #GLL-WOP-23. Form numbers, policy provisions and product availability may vary by state.
John and Maria spent their lives building their careers, raising two boys, and participating in community organizations. The year before they were both set to retire, Maria was diagnosed with terminal cancer. Fortunately, John had purchased Lifetime Life Insurance for himself and Maria years ago. After Maria passed, John was able to use Maria’s life insurance benefit to cover her funeral expenses and pay off the remaining mortgage. There was even enough money for John to invest in retirement.
Example Expenses
| Total Benefit | $75,000 |
| Funeral Expenses | $8,000 |
| Remaining Mortgage | $40,000 |
| Remaining Benefit Amount | $27,000 |
This is shown as an example only. It assumes a death benefit in the amount shown. Benefit amount and actual results may vary.
