Senior Term Life Insurance

Who is Senior Term Life Insurance Administered by?
Administered by:
A.G.I.A., Inc.
P.O. Box 9947
Phoenix, AZ 85068-9952

A.G.I.A., Inc. is licensed/authorized to transact business in all 50 United States, and the District of Columbia. Their state of domicile is California. Joseph Guerrero CA Insurance License #0B54298. Joseph Guerrero AR Insurance License #766720.

Yes, Senior Term Life Insurance is endorsed by ACP.

The ACP Insurance Trust incurs costs in connection with this sponsored Program. To provide and maintain this valuable membership benefit, it is reimbursed for these costs.

Your insurance can remain in force until the insured person reaches age 90, you continue to pay premium contributions when due, and the group policy is not terminated by the Trustee or New York Life Insurance Company. Your spouse’s coverage ends when your coverage ends or earlier if he/she is no longer your lawful married spouse or when he/she reaches age 90. Upon your death, coverage for your spouse may continue as described in the Certificate of Insurance.

In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid. A spouse who is also an eligible member can only become insured as a member. ACP members between ages 50-74 are eligible to apply for coverage for themselves, and ages 45-74 for their lawful spouses. Coverage is available only for residents of the United States (excluding CT, NY and UT) and Puerto Rico.

Partial “living” benefits may be paid before death for terminal illness (up to 50% of death benefit), chronic illness, or permanent critical condition (25% of death benefit each). Available to insureds under age 80.

Initial cost is based on attained age, coverage amount selected, and tobacco/nicotine use. For example, a 50-54 year old non-smoking male pays $38.50/month for $50,000 coverage or $65.50/month for $100,000 coverage.

Insurance will take effect on the date your application is approved by New York Life Insurance Company provided the initial contribution is paid within 31 days after the date you are billed (send no money now) and any person to be insured is actively performing the normal activities of a person in good health of like age. Note: Residents of NC: Any reference to “performing the normal activities of a person in good health” is replaced by the requirement that the health status of any proposed insured person remains the same as stated in your application. Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible.

Yes, you may select any person, persons, trust or other legal entity as your beneficiary.

Benefits will be paid in the event of death, anywhere in the world regardless of cause, except for suicide, whether sane or insane, within 12 months of the certificate effective date, in which case the only amount payable is a return of premiums paid. The validity of any amount of your life insurance which has been in force for two during an insured’s lifetime will be contested except for insurance eligibility provisions and non-payment of premiums (See limitations applicable to Accelerated Benefits at right).

Yes, if you’re not completely satisfied with your Certificate of Insurance, you may return it within 30 days for a full refund, without claims, no questions asked. Your coverage will then be invalidated.