This affordable group term life insurance program is provided by The Hartford. CCPOA members, Active or Retiree, and eligible dependents may apply for this voluntary term life insurance program. Some of the unique program features include:

• The most protection at the lowest cost, including spouses and children
  
• Limited underwriting
  
• Same rates for males and females
  
• A “no cancellation” policy for ill health
  
• Living benefits option
  
• Premiums paid through convenient payroll deductions
  
• Carryover into retirement

WHY YOU NEED LIFE INSURANCE

If you have people who depend on you or your income, you need life insurance.
Life insurance helps plan for your dependents’ future financial needs, even if you’re not around.
You get homeowners insurance to protect your home. Why wouldn’t you get life insurance to protect your family?

Life insurance benefits can:

• Help pay off your mortgage or other family debts
  
• Help cover ongoing daily expenses and bills once you’re gone
  
• If you still have family members depending on you to provide for them, having life insurance is critical.

HOW MUCH DO YOU NEED?

There is no magic formula to determine how much life insurance you should have. However, many financial advisors say that you need 5-6 times your annual income in life insurance.
There are a number of factors that should be considered when estimating how much life insurance you should carry, including final expenses, re-education or retirement funds for surviving spouse, supplemental income to maintain mortgage payments, etc.

KEY BENEFITS

Conversion Privilege
If your coverage is terminated for any reason other than non-payment of premium or cancellation of the group contract, you may convert it to an individual policy customarily offered by The Hartford, without providing further proof of your health. Conversion may be requested at any time up to 31 days after termination of your original coverage (see your Certificate of Insurance for more information).

Spouse Continuation of Coverage
If you pass away while your spouse and children are covered, their insurance may be continued. Your spouse simply must send in a request for continuance of coverage, along with the premium, within 31 days of the premium due date after your death.

30-Day “Free Look”
You have 30 days to look over your new insurance program and discuss it with your family and advisors. If for any reason you are not satisfied, you may return your certificate within 30 days of your effective date of coverage for a full refund, minus any claims paid.

Living Benefits Options
Potentially relieves some of the financial burdens associated with a terminal illness by allowing you (and your spouse, if
covered) a one-time option to receive up to 50% of the term life insurance proceeds, to a maximum of $100,000, upon being diagnosed by a physician as having less than 12 months to live.
(You should consult a personal tax advisor since proceeds under this benefit may be taxable.)

Carry into Retirement
If you are enrolled in Supplemental Term Life before you retire you can carryover the same amount of life insurance into retirement as longas you maintain membership in the CCPOA Retired Chapter. There is no need for additional underwriting or exams if you select this option. There are reductions in coverage at age 60 and 70. Rates will adjust accordingly.

No Cancellation for Ill Health
Once your coverage takes effect, you cannot be cancelled due to a change in your health.

No Cancellation for Ill Health
Once your coverage takes effect, you cannot be cancelled due to a change in your health.