Group Level Term Life

Group Level Term Life  

Overview

As an MSBA member, you may qualify for Group Level Term Life Insurance offered by ReliaStar Life Insurance Company and endorsed by MSBA. Apply now and enjoy premiums that are designed to remain level for 10 years (20 years also available). Call 1-800-501-5776 for further information. 

Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy 29063-7 issued and delivered in the state of Minnesota, and governed by its laws, to the Minnesota State Bar Association and the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, an insurance administrator licensed in the state of Minnesota. Policy Form LP08GP.    
Insurance Application and Brochure

Tell me More

Three Reasons to Choose MSBA Level Term Life Insurance

  • Your rates and benefit amounts are designed to stay the same for either 10 or 20 years*.
  • You'll pay economical group rates. You have the buying power of nearly 16,000 MSBA members to help keep the premiums economical.
  • Your satisfaction is 100% guaranteed. You have 30 days to review your certificate. If you're not happy with the plan, simply write "cancel" on your certificate and mail it back to us. There's no obligation provided no claims have been submitted or paid, 100% of premium will be refunded.
    • You must be a Minnesota State Bar Association member 18-60 years of age for the 10-year plan (18-50 years of age for the 20-year plan).
    • You must be actively at work.
    • You cannot already be insured by this plan.
    • The amount of insurance requested is $100,000 or greater.
    • Your attained age is under age 61 at the time of your application.
    • Your application form indicates premiums are to be paid on a level term basis.

  • Monthly Rates per $1,000 of Coverage for the 10-Year Level Term Life Plan

    Your rate for the entire term of your protection is your rate for your age at the time coverage is issued.*

                                                    Volume Band: $100,000 through $499,999                                     June 2017

    Issue
    Age

    Male

    Male

    Male

    Female

    Female

    Female

    Tobacco

    Preferred

    Super P.

    Tobacco

    Preferred

    Super P.

    18

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    19

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    20

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    21

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    22

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    23

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    24

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    25

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    26

    0.112

    0.056

    0.046

    0.075

    0.045

    0.041

    27

    0.114

    0.056

    0.046

    0.079

    0.046

    0.041

    28

    0.117

    0.057

    0.046

    0.083

    0.046

    0.041

    29

    0.122

    0.057

    0.046

    0.088

    0.047

    0.041

    30

    0.133

    0.057

    0.046

    0.100

    0.048

    0.041

    31

    0.140

    0.057

    0.047

    0.107

    0.048

    0.041

    32

    0.149

    0.057

    0.047

    0.115

    0.048

    0.041

    33

    0.159

    0.058

    0.047

    0.124

    0.048

    0.041

    34

    0.170

    0.058

    0.047

    0.133

    0.048

    0.041

    35

    0.182

    0.058

    0.047

    0.143

    0.048

    0.041

    36

    0.195

    0.059

    0.047

    0.155

    0.050

    0.041

    37

    0.209

    0.062

    0.047

    0.167

    0.053

    0.042

    38

    0.226

    0.065

    0.048

    0.180

    0.056

    0.046

    39

    0.244

    0.070

    0.051

    0.193

    0.062

    0.050

    40

    0.263

    0.076

    0.054

    0.207

    0.066

    0.055

    41

    0.286

    0.083

    0.058

    0.220

    0.073

    0.060

    42

    0.310

    0.090

    0.063

    0.234

    0.078

    0.065

    43

    0.336

    0.098

    0.070

    0.249

    0.086

    0.072

    44

    0.362

    0.107

    0.078

    0.264

    0.093

    0.078

    45

    0.389

    0.118

    0.086

    0.279

    0.101

    0.083

    46

    0.416

    0.130

    0.095

    0.294

    0.108

    0.088

    47

    0.444

    0.144

    0.104

    0.310

    0.116

    0.092

    48

    0.474

    0.158

    0.112

    0.327

    0.125

    0.097

    49

    0.508

    0.173

    0.122

    0.345

    0.133

    0.102

    50

    0.545

    0.191

    0.132

    0.364

    0.143

    0.108

    51

    0.586

    0.210

    0.145

    0.385

    0.153

    0.116

    52

    0.631

    0.231

    0.160

    0.407

    0.163

    0.123

    53

    0.679

    0.253

    0.179

    0.430

    0.174

    0.132

    54

    0.731

    0.278

    0.198

    0.456

    0.188

    0.139

    55

    0.786

    0.305

    0.222

    0.483

    0.203

    0.149

    56

    0.841

    0.334

    0.244

    0.512

    0.217

    0.160

    57

    0.898

    0.365

    0.265

    0.543

    0.233

    0.170

    58

    0.965

    0.396

    0.292

    0.576

    0.252

    0.181

    59

    1.051

    0.435

    0.320

    0.614

    0.272

    0.190

    60

    1.169

    0.481

    0.353

    0.666

    0.297

    0.212

     

                                                      Volume Band: $500,000 through $1,000,000                             June 2017

    Issue
    Age

    Male

    Male

    Male

    Female

    Female

    Female

    Tobacco

    Preferred

    Super P.

    Tobacco

    Preferred

    Super P.

    18

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    19

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    20

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    21

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    22

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    23

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    24

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    25

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    26

    0.101

    0.051

    0.038

    0.064

    0.034

    0.027

    27

    0.103

    0.051

    0.038

    0.068

    0.035

    0.027

    28

    0.106

    0.051

    0.038

    0.072

    0.036

    0.027

    29

    0.111

    0.051

    0.039

    0.077

    0.037

    0.028

    30

    0.118

    0.052

    0.039

    0.085

    0.041

    0.030

    31

    0.125

    0.052

    0.039

    0.092

    0.043

    0.032

    32

    0.134

    0.053

    0.039

    0.100

    0.044

    0.033

    33

    0.144

    0.053

    0.042

    0.109

    0.044

    0.035

    34

    0.155

    0.053

    0.042

    0.118

    0.044

    0.035

    35

    0.167

    0.053

    0.042

    0.128

    0.044

    0.035

    36

    0.180

    0.053

    0.042

    0.140

    0.045

    0.036

    37

    0.194

    0.056

    0.044

    0.152

    0.048

    0.039

    38

    0.211

    0.060

    0.046

    0.165

    0.051

    0.042

    39

    0.228

    0.065

    0.048

    0.178

    0.057

    0.046

    40

    0.248

    0.071

    0.053

    0.192

    0.062

    0.050

    41

    0.270

    0.076

    0.058

    0.205

    0.068

    0.055

    42

    0.295

    0.085

    0.066

    0.219

    0.074

    0.060

    43

    0.321

    0.092

    0.073

    0.234

    0.080

    0.067

    44

    0.347

    0.101

    0.081

    0.249

    0.088

    0.073

    45

    0.374

    0.113

    0.089

    0.264

    0.096

    0.079

    46

    0.401

    0.123

    0.099

    0.279

    0.103

    0.086

    47

    0.429

    0.138

    0.107

    0.295

    0.110

    0.091

    48

    0.459

    0.152

    0.116

    0.312

    0.119

    0.097

    49

    0.492

    0.167

    0.128

    0.330

    0.127

    0.103

    50

    0.530

    0.185

    0.140

    0.349

    0.137

    0.112

    51

    0.571

    0.202

    0.154

    0.370

    0.144

    0.119

    52

    0.615

    0.223

    0.172

    0.392

    0.155

    0.132

    53

    0.664

    0.245

    0.191

    0.415

    0.167

    0.142

    54

    0.716

    0.269

    0.213

    0.441

    0.180

    0.154

    55

    0.771

    0.295

    0.236

    0.468

    0.195

    0.167

    56

    0.825

    0.324

    0.258

    0.497

    0.209

    0.179

    57

    0.882

    0.348

    0.283

    0.527

    0.225

    0.191

    58

    0.950

    0.383

    0.312

    0.561

    0.243

    0.202

    59

    1.036

    0.421

    0.342

    0.598

    0.263

    0.215

    60

    1.146

    0.467

    0.378

    0.643

    0.284

    0.234

    *The initial premium will not change for the first ten years unless the insurance company exercises its right to change premium rates for all insureds covered under the group policy with 60 days advance written notice.


    Monthly Rates per $1,000 of Coverage for the 20-Year Level Term Life Plan

                                                      Volume Band: $100,000 through $499,999                              June 2017

    Issue
    Age

    Male

    Male

    Male

    Female

    Female

    Female

    Tobacco

    Preferred

    Super P.

    Tobacco

    Preferred

    Super P.

    18

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    19

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    20

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    21

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    22

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    23

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    24

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    25

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    26

    0.133

    0.073

    0.057

    0.097

    0.055

    0.045

    27

    0.139

    0.076

    0.059

    0.104

    0.057

    0.046

    28

    0.147

    0.080

    0.062

    0.112

    0.059

    0.047

    29

    0.157

    0.084

    0.065

    0.122

    0.062

    0.049

    30

    0.173

    0.092

    0.072

    0.135

    0.067

    0.053

    31

    0.186

    0.096

    0.074

    0.146

    0.071

    0.056

    32

    0.201

    0.101

    0.077

    0.158

    0.075

    0.058

    33

    0.217

    0.106

    0.078

    0.171

    0.079

    0.060

    34

    0.236

    0.112

    0.078

    0.184

    0.084

    0.063

    35

    0.257

    0.118

    0.078

    0.195

    0.088

    0.066

    36

    0.277

    0.126

    0.080

    0.209

    0.095

    0.070

    37

    0.291

    0.131

    0.083

    0.228

    0.102

    0.075

    38

    0.309

    0.138

    0.088

    0.248

    0.110

    0.078

    39

    0.330

    0.146

    0.093

    0.269

    0.118

    0.082

    40

    0.359

    0.158

    0.101

    0.289

    0.126

    0.087

    41

    0.398

    0.173

    0.110

    0.311

    0.134

    0.093

    42

    0.445

    0.190

    0.122

    0.331

    0.142

    0.100

    43

    0.499

    0.212

    0.134

    0.353

    0.150

    0.107

    44

    0.557

    0.232

    0.149

    0.378

    0.159

    0.118

    45

    0.613

    0.254

    0.163

    0.404

    0.169

    0.127

    46

    0.670

    0.274

    0.178

    0.433

    0.182

    0.138

    47

    0.730

    0.296

    0.196

    0.466

    0.196

    0.149

    48

    0.757

    0.318

    0.213

    0.502

    0.212

    0.163

    49

    0.820

    0.345

    0.233

    0.540

    0.229

    0.176

    50

    0.890

    0.379

    0.253

    0.578

    0.248

    0.190

     

                                                        Volume Band: $500,000 through $1,000,000                             June 2017

    Issue
    Age

    Male

    Male

    Male

    Female

    Female

    Female

    Tobacco

    Preferred

    Super P.

    Tobacco

    Preferred

    Super P.

    18

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    19

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    20

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    21

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    22

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    23

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    24

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    25

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    26

    0.125

    0.066

    0.047

    0.089

    0.047

    0.035

    27

    0.131

    0.068

    0.049

    0.096

    0.049

    0.036

    28

    0.139

    0.070

    0.051

    0.104

    0.052

    0.038

    29

    0.149

    0.074

    0.053

    0.114

    0.055

    0.039

    30

    0.162

    0.079

    0.057

    0.125

    0.059

    0.042

    31

    0.175

    0.082

    0.059

    0.136

    0.063

    0.045

    32

    0.190

    0.086

    0.061

    0.147

    0.067

    0.047

    33

    0.207

    0.090

    0.064

    0.160

    0.071

    0.050

    34

    0.225

    0.094

    0.066

    0.174

    0.076

    0.053

    35

    0.246

    0.099

    0.069

    0.188

    0.080

    0.056

    36

    0.269

    0.106

    0.073

    0.204

    0.087

    0.061

    37

    0.285

    0.114

    0.077

    0.221

    0.094

    0.065

    38

    0.303

    0.122

    0.081

    0.242

    0.102

    0.070

    39

    0.323

    0.129

    0.087

    0.263

    0.110

    0.075

    40

    0.352

    0.138

    0.093

    0.283

    0.118

    0.080

    41

    0.391

    0.152

    0.104

    0.304

    0.126

    0.086

    42

    0.439

    0.167

    0.116

    0.325

    0.134

    0.093

    43

    0.493

    0.183

    0.128

    0.347

    0.142

    0.102

    44

    0.549

    0.201

    0.143

    0.372

    0.151

    0.111

    45

    0.607

    0.221

    0.156

    0.398

    0.161

    0.121

    46

    0.664

    0.242

    0.172

    0.428

    0.174

    0.130

    47

    0.723

    0.265

    0.189

    0.460

    0.188

    0.143

    48

    0.787

    0.291

    0.207

    0.495

    0.204

    0.156

    49

    0.854

    0.320

    0.226

    0.533

    0.221

    0.168

    50

    0.924

    0.353

    0.246

    0.573

    0.240

    0.185

    *The initial premium will not change for the first twenty years unless the insurance company exercises its right to change premium rates for all insureds covered under the group policy with 60 days advance written notice.


    You will be billed semiannually for your convenience. Premiums are based on your age at the date of issue and will not increase due to your age or health status. Coverage will not be reduced during your level term period. Premiums will only be increased for all insureds in the same age and rate class. The level term rate period begins on the effective date assigned by ReliaStar Life. Plan benefits are offered for amounts $100,000 to $1,000,000. The 10-year plan is offered for persons aged 18-60. The 20-year plan is offered for persons aged 18-50.


    If you choose the Accidental Death & Dismemberment option you will receive the same level of coverage as your Level Term Life Insurance. The Accidental Death Dismemberment rate is $0.04 per $1,000 of coverage per month, regardless of your age, gender and smoking status.


    Qualifications for this MSBA Level Term Life Plan offer are few:

    If ReliaStar Life approves the insurance, premiums will be determined on a Level Term Rate Period basis if all of the following conditions are met:


    All members and spouses/domestic partners must complete an application form for any new coverage or to increase coverage (including dependent coverage) or to begin an initial or subsequent 10 or 20 year Level Term Rate Period when proof of good health is required. Some applicants may be required to have a medical exam in order to apply for coverage. For more information on medical requirements, please contact your plan administrator.


    If there is an increase in the amount of your insurance, the increase will take effect on the first day of the month on or next following the date of the increase. If you are in a Level Term Rate Period, premiums for the increased amount of insurance will be based on your attained age on the effective date of the increase.


    Your MSBA Level Term Life Plan will start after your application has been approved and your first premium has been paid.


    Your insurance stops on the earliest of the following dates:  the last day of the month during which you are no longer eligible for insurance under the group policy; if you are not totally disabled, the date the group policy terminates; if you are totally disabled, the date ReliaStar Life stops waiving premiums under the Waiver of Life Insurance Premium Disability Benefit; the end of the period for which you paid premiums, if you do not make the next required premium contribution when due.


    This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.


    Group Term Life Insurance underwritten by ReliaStar Life Insurance Company, a member of the Voya® family of companies. Policy form LP08GP.

    This is a paid endorsement. The MSBA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.

Contact Us

Program Administrator

 Address
Mercer Consumer
PO Box 10374
Des Moines, IA 50306-8812
 Phone
1-800-501-5776
 Hours
 M-F 7:30a-5p CT
 Email
customerservice.service@mercer.com

 

Group Term Life Insurance
Underwritten By:

 Address
ReliaStar Life Insurance Company
20 Washington Avenue South
Minneapolis, MN 55401-1900

FAQs

  • Who recommends/approves benefit changes or premium changes?

    The insurance companies reserve the right to change rates. They usually report "plan experience" (or the number and size of claims made) twice a year and, if applicable, rate change recommendations. Using this information, the Group Insurance Administrator works with MSBA to evaluate the recommendations and decide what, if any, action (i.e. a rate change, a change in benefits, or even a change in insurance companies) is appropriate to maintain each plan's financial stability and competitive status. Actions are subject to MSBA Approval, and insured members are advised of MSBA's decision, prior to implementation.

  • Who is Mercer Consumer, the Administrator of the Program?

    Mercer Consumer is the company contracted to manage the Group Insurance Program. Mercer Consumer is not affiliated with the insurance companies that underwrite each plan.

  • Who are the current insurance carriers, and what are their ratings?

    This varies according to each plan. The Group Insurance Administrator seeks the best opportunities for our members, so the plans are underwritten by different insurance companies. All of the companies enjoy solid ratings by A.M. Best Company, which annually measures the financial strength of insurance companies.

    Mercer Consumer, a service of Mercer Health & Benefits Administration LLC, makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Mercer Consumer or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.

  • How long does the application process take? When will my coverage become effective?

    The application process depends on many factors: the number of persons to be insured, their ages, the amount of coverage for which you apply, your medical history and that of your family members (if applying for dependent coverage), and the type of coverage applied for.

  • Do I have to take a medical exam, blood test, etc.?

    This depends on the plan you are requesting, your age, the amount of coverage for which you apply, and your individual medical history.

  • How do the rates work on the Level Term Life insurance plans?

    Premiums are designed to remain level and will not increase due to age or health status. Premiums will only be increased if they are increased for all insureds in the same age and rate class with 60 days advance written notice.

  • Can my spouse/domestic partner obtain separate coverage?

    Yes, a spouse or domestic partner can obtain separate coverage.

  • What does the term Group mean?

    These are "group" plans, negotiated especially for MSBA Members and their spouses. This means that you cannot be singled out for a rate increase. Rates, although not guaranteed, can only be changed on a group basis.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.