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Life Insurance

Your Roosevelt University Alumni Association has done the work for you in selecting a best-in-class insurance company to offer you Group Term Life Insurance at a competitive rate. Having enough life insurance is essential to meet your immediate financial obligations as well as leaving something for your family’s future. Compare Plans Below

1 2016 Insurance Barometer Study by Life Happens and LIMRA

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Compare Plans

The Alumni Insurance Program offers 3 life insurance products for alumni:

AlumniTerm®

Group Term Life Insurance

WHO
Alumni and/or spouse under age 60 may apply. Coverage can continue up to the age of 80.

COVERAGE AMOUNT
$5,000 - $500,000
in $5,000 increments
How Much Do I Need?

RATES
Premiums start low and increase at 5‑year intervals

ADDED BENEFITS

Accelerated Benefits Option

Receive a percentage of your life insurance in the event that you become terminally ill and are diagnosed with no more than a specified amount of time to live.

Will Preparation Services

Get help preparing or updating a will, living will or power of attorney.

Funeral Planning Assistance

Your loved ones and beneficiaries may work with compassionate counselors that assist with customizing funeral arrangements with personalized one-on-one service.

Increase your intial benefit amount.

Waiver of Premium Rider

Life insurance can continue and no further payment may be required if you become disabled prior to age 60 and remain disabled for 6 continuous months.

Automatic Benefit Increases

Opportunity to increase your initial benefit amount.

AlumniTerm 10/20/30

Group Level Term Life Insurance

WHO
Alumni and/or spouse under age 50 may apply for 10-, 20-, or 30‑year term. Alumni under age 60 may apply for 10- or 20‑year term. Alumni under age 70 may apply for 10‑year term.

COVERAGE AMOUNT
$100,000 - $3,000,000
in $25,000 increments
How Much Do I Need?

RATES
Premium stays the same for the entire coverage term.*

ADDED BENEFITS

Accelerated Benefits Option

Receive a percentage of your life insurance in the event that you become terminally ill and are diagnosed with no more than a specified amount of time to live.

Will Preparation Services

Get help preparing or updating a will, living will or power of attorney.

Funeral Planning Assistance

Your loved ones and beneficiaries may work with compassionate counselors that assist with customizing funeral arrangements with personalized one-on-one service.

AlumniTerm 50+®

Group Term Life Insurance

WHO
Alumni and/or spouse ages 50‑74 may apply. Coverage can continue to the the age of 95

COVERAGE AMOUNT
$10,000 - $100,000
in $10,000 increments
How Much Do I Need?

RATES
Premiums start low and increase at 5‑year intervals

ADDED BENEFITS

Accelerated Benefits Option

Receive a percentage of your life insurance in the event that you become terminally ill and are diagnosed with no more than a specified amount of time to live.

Will Preparation Services

Get help preparing or updating a will, living will or power of attorney.

Funeral Planning Assistance

Your loved ones and beneficiaries may work with compassionate counselors that assist with customizing funeral arrangements with personalized one-on-one service.

The Roosevelt University Alumni Association receives financial benefits from the administrator that provides this program. These benefits fund alumni programs and activities.