COVID-19 state-enforced social distancing restrictions and vendor safety precautions have impacted customary medical underwriting procedures. Accordingly, the insurance company has implemented temporary approval limits for life insurance coverage as follows, based on an applicant’s age:
Under age 50................$150,000
The difference in coverage that is applied for and the coverage that may be approved, based on the above approval limits, will be pended until such time that medical requirements can be satisfied and underwriting practices can resume as normal.
In addition, applications received from individuals age 60 and over will be pended until such time that medical requirements can be satisfied and underwriting practices can resume as normal.
Thank you for your understanding.
Who can apply?
Alumni and their spouses under age 65 are each eligible to apply for this Group Term Life Insurance Plan.
Are any discounts available?
If you haven't used tobacco products in the last 12 months, you can take advantage of Non-Tobacco User rate discounts.
How long can I keep this insurance?
You may continue your coverage up to age 75. As long as you continue to pay your premiums when due and the group policy remains in force, you will have the option to renew. Benefits will reduce to the lesser of 50% or $50,000 when you reach age 70. You may also convert to an individual whole life policy, without providing evidence of insurability prior to your 75th birthday. See plan information for details.
How do I apply?
Click on "Learn More Or Apply" button or contact Mercer Consumer at 1-888-560-ALUM (2586) for an application.
Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy #66816-8, issued and delivered in the state of Rhode Island to the Alumni Group Insurance Trust as the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, and insurance administrator licensed in the state of Rhode Island. Policy form LP08GP. Coverage is not available in all states. This is a paid endorsement. Alumni Group Insurance Trust receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.
We're here to help! Please contact us in whatever manner is most convenient for you.
| Office Address
12421 Meredith Drive
Urbandale, IA 50323
| Application Mailing Address
P.O. Box 10374
Des Moines, IA 50306-0374
M-F 8:15a-5p CST