Term Life Insurance
Both Group and Individual Term Life Insurance policies are offered to CAPT members, their spouses, and
their children. Term refers to a set amount of time during which the policy is active. Premiums never change and the benefit amount stays the same. Your beneficiary will receive the full benefit upon your passing. Term policies do not accrue cash value and you may cancel them at any time.
Group Term Life is ideal for a person looking for coverage in the $10,000 to $50,000 range. Rates are
group-based and increase based on age brackets. The policy is paid monthly by payroll deduction.
| Age Bracket | Monthly PremiumPer $10,000 |
| Dependent Child < 18 | $1.80 |
| Under 30 | $1.10 |
| 30 – 34 | $1.30 |
| 35 – 39 | $1.70 |
| 40 – 44 | $2.80 |
| 45 – 49 | $4.00 |
| 50 – 54 | $7.30 |
| 55 – 59 | $10.40 |
| 60 – 69 | $16.20 |
| 70 – 100 | $50.00 |
| Age reduction benefits apply. Age 70: 65%; Age 75: 45%; Age 80+: 30%. Spouse coverage terminates when the individual reaches 70 – regardless of age of CAPT member. Maximum benefit for spouse is $50,000 and child is $10,000. Dependent benefit cannot exceed 100% of your benefit. | |
Individual Term Life is ideal for a person looking for coverage of $100,000 or more.
Rates do not increase, and benefits do not reduce with age. Guaranteed terms are available from 10-35 years. Policies can be paid monthly, quarterly, semi-annually, or annually.
Rates vary based on age, gender, and health condition. Typical monthly rates for a 25- Year Term, $100,000 policy, for a healthy non-smoker are:
| Age 30: $12 | Age 40: $18 | Age 50: $38 |
| Age 35: $15 | Age 45: $26 | Age 55: $70 |
Applications for Individual Term Life are available by request via email.
All plans are medically underwritten, and rates are specific to the individual applicant.
Call (800) 511-9065 for questions.