Whole Life
United Teacher Associates Insurance Company (UTA), a GAFRI insurance subsidiary, offers two whole life insurance policies:
Senior Class Life
Peace of mind takes planning - which is why United Teacher Associates Life
Insurance Company (UTA) offers you Senior Class Life.1 This traditional
whole life insurance policy can pay a cash death benefit to your
beneficiary to help ease the financial burden on your family members during
their time of loss. As a Senior Class Life policyholder, you may avoid costly
estate settlements or probate fees and make sure your wishes are respected
after you are gone.
Your Senior Class Life death benefit can help pay for:
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College or trust funds for your children
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Mortgage payments
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Outstanding loans
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Unpaid medical bills
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Credit card debt
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Funeral home expenses
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Cemetery plot and burial costs
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Policy Features
Your Senior Class Life premiums are guaranteed never to increase, and your
coverage is guaranteed never to decrease. In addition, your policy accumulates
cash value on a tax-deferred basis. Plus, when your beneficiary receives the
policy death benefit, it is income-tax free.
The minimum face amount for a Senior Class Life policy is $2,500; the maximum
face amount is $25,000. The issue ages are 45-85; premiums are based on age at
your last birthday.
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Accidental Death Rider (available at additional cost)
If selected, the Accidental Death Rider2 will double your death
benefit if death occurs within 180 days of and as a result of a
covered accidental injury. Your benefits are tripled if that covered
accident results from riding as a passenger in a bus, plane, train, boat or
ship, subway, or streetcar operated by a common carrier transporting passengers
for hire.
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Contact Us to Purchase or Learn More
To purchase or receive additional information about a Senior Class Life policy,
please contact us:
Phone
800.880.8824
Fax
888.670.0146
Mailing Address
United Teacher Associates Insurance Company
P.O. Box 26580
Austin, TX 78755-0580
E-mail
clientservicesgasb@gafri.com
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Preferred Whole Life Insurance
Many people don't prepare for the numerous costs and financial strain that can
be associated with maintaining household income after a family member dies.
United Teacher Associates Life Insurance Company offers you Preferred Whole
Life Insurance3 to help ease this burden for your family and help
defer the high cost of final expenses. This traditional whole life insurance
policy pays a cash death benefit to your beneficiary to help relieve some of the
financial obligations that your family will have to face after you are gone.
Your Preferred Whole Life Insurance death benefit can help pay for a variety
of expenses, including mortgage payments, unpaid medical bills, credit card
debt, and funeral/burial costs.
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Policy Features
Your Preferred Whole Life Insurance premiums are guaranteed never to
increase, and your coverage is guaranteed never to decrease. In addition, your
policy accumulates cash value on a tax-deferred basis. Our Accelerated Death
Benefit Rider and optional Accidental Death Benefit Rider4 can provide
permanent protection. Plus, there is no policy application fee, and as long as
premiums are paid on time, your policy is guaranteed renewable for life. If you
are a smoker or have health problems, you may still qualify for standard rates.
The minimum face amount for a Preferred Whole Life Insurance policy is
$1,000; the maximum face amount is $25,000 for ages 1-75 and $10,000 for ages
76-80. The issue ages are 1-80, and premiums are based on age nearest your
birthday.
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Accelerated Death Benefit Rider
The Accelerated Death Benefit Rider5 is included in your
Preferred Whole Life Insurance policy at no extra cost in the states where this
rider is approved for use. Up to 50 percent of the face amount of this policy
is available to you as the insured in the event you become terminally ill with
a life expectancy of 12 months or less.6 In addition, the face
amount must be at least $10,000, and the policy and this Accelerated Death
Benefit Rider must be in full force at the time of claim.
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Optional Accidental Death Benefit Rider
The Accidental Death Benefit Rider7 is available for an additional
premium in the states where this rider is approved for use. As the insured,
your selected death benefit amount is payable upon proof that your death
resulted within 180 days of and directly from a covered accidental injury.
Your total death benefit is the face amount of the policy plus the face amount
of this rider, which cannot be greater than the policy face amount. Both the
policy and rider must be in full force on the date of the accidental death.
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Contact Us to Purchase or Learn More
To purchase or receive additional information about a Preferred Whole Life
Insurance policy, please contact us:
Phone
800.880.8824
Fax
888.670.0146
Mailing Address
United Teacher Associates Insurance Company
P.O. Box 26580
Austin, TX 78755-0580
E-mail
clientservicesgasb@gafri.com
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