Benefit Plans Final Expense Whole Life Senior Whole Life Young Adult Life Cancer Protector Hospital Helper Dental Individual Anuities

FINAL EXPENSE WHOLE LIFE INSURANCE

Sometimes it can be difficult to find good life insurance protection at an affordable price after age 50, and final expenses can be a real burden for loved ones. This whole life policy builds cash values and provides a relatively inexpensive way to help with the financial responsibilities related to death. This is “permanent” protection – guaranteed for the rest of your life. You can’t be cancelled no matter what happens to your health! This plan of insurance is available to AERA members and their spouse ages 49 through 80 who are in good health. You need a whole life plan you can trust. This plan is designed for – and the choice of – many former educators just like you. Your AERA Insurance Committee has worked closely with the insurance company to meet the needs of its members by offering affordable, permanent, life insurance protection.

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SENIOR WHOLE LIFE INSURANCE

Yes we have solved the problem of being "too old" to get good life insurance! The AERA Senior Whole Life Insurance program is the kind that accumulates cash value for you beginning the second year. Unlike term life insurance, your Senior Whole Life rates will not increase as you get older. Your rate is guaranteed to stay just the same as it is when you apply, regardless of your age or health. Acceptance is guaranteed to every applicant age 45 through 75 - your past or present health problems are no obstacle! There are no health questions and no medical exam is required.

The Senior Whole Life Insurance Plan offers up to $20,000 in valuable modified whole life coverage and pays two times as much the face amount if death is due to accident. If death is due to natural causes, the plan is limited to 125% of the annual premium during the first certificate year, 250% of the annual premium during the second certificate year, and the full face amount during the third coverage year and beyond. Your benefits do not reduce nor terminate due to age

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YOUNG ADULT LIFE INSURANCE

As an AERA Member, you can give your children or grandchildren the gift that grows throughout their life … the Young Adult Life Insurance plan. This plan is a lifetime gift of protection, and a guarantee that your loved ones can secure more coverage in the future – no matter what their health or occupation. Children are special. When you buy them a gift, you want it to be special and you want it to last. As time goes by, your children outgrow the clothes, the toys and the books you give them. Why not give them a fit that will last …. One they won’t outgrow? The Young Adult Life Insurance plan.

Just $6.00 a month can provide $20,000 of life insurance for your grandchildren! The money you spend now means the special childe in your life can be covered with solid, reliable life insurance protection today and tomorrow. The Young Adult Life Insurance plan gives your child a “head start” in life. After five years, the Young Adult Life plan begins accumulating cash values. Plus, when your child needs more coverage during the adult years, he or she can have it … regardless of health. At age 21, your child or grandchild becomes the owner of the policy. At ages 28, 31, 34, 37 and 40 your child can purchase additional protection – equal to the original coverage amount or to a maximum of $15,000, whichever is less – with no evidence of insurability.

This plan also includes a waiver of premium feature for total disabilities occurring prior to the owner/payor’s age 60, and a death waiver of premium in the event of the death of the owner/payor until the child reaches age 21.

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CANCER PROTECTOR PLAN

Why do you need cancer coverage? As we get older, our risk of getting cancer increases significantly, Cancer treatment can be long, complicated and expensive – so expensive that the costs might go beyond your medical insurance limits. That’s why it’s so important that you supplement your medical coverage with the AERA Cancer Protector Plan, exclusively for AERA members. This plan pays in addition to any other medical coverage you may have.

This plan provides benefits for you and your family for expenses both in and out of the hospital for the treatment of cancer, and includes benefits for cancer screening procedures such as mammography and annual PAP examinations. All AERA members and their spouse are eligible, regardless of age, as long as they have been cancer-free for the last ten years. Unlike many other cancer plans, your benefits will not reduce nor terminate due to age.

In addition, this plan now features a “first occurrence” cancer benefit which is available only through a special offer one time per year during a special enrollment period. This benefit pays a $1,000 lump sum benefit for the first diagnosis of internal cancer (skin cancer is excluded).

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HOSPITAL HELPER PLAN

This plan pays a daily benefit for hospital confinements due to a covered sickness or injury. Also includes benefits for confinement in an intensive care/cardiac care unit of a hospital, and nurse-at-home benefits.

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***** The above generally describes the insurance programs.
***** Benefits, exclusions and limitations are further described in the Plan brochures.
***** Be sure to take advantage of easy, convenient payroll deduction – no more checks to write each month!!

All programs are offered by Countryman & Smitherman, Inc., Prattville, Alabama

Questions? Call toll-free 1-877-777-4301 or 334-365-5055