For MSBA Members, Member Spouses/Domestic Partners, Employees of Members, and Dependent Children

You certainly understand the importance of having sufficient life insurance. Now you have an opportunity to make sure that you have the amount of coverage needed. Your loved ones will appreciate the peace of mind this Plan provides, with benefits up to $150,000 that will let them go on with their lives with fewer financial concerns.

About This Plan

You may select from $10,000 up to $150,000 in 10-Year Life insurance coverage (in $5,000 increments). Coverage continues as long as you remain an active member of the Minnesota State Bar Association, pay your premium when due, and the Group Policy remains in force. Your amount of coverage will not decrease due to age during a level term rate period.

Eligibility

All MSBA members and their spouses prior to age 50 may apply for up to $150,000, under 55 for up to $100,000, ages 55-59 for up to $50,000 for coverage. Also, all unmarried dependent children ages 14 days through 25 years (26 if a full-time student) are eligible.
 

If both member and spouse are covered as members, neither may insure the other as spouse and only one may insure any eligible children.
 

For members or spouses who are under age 70, coverage will not reduce until age 70. Member coverage will reduce to the lesser of 50 percent of the amount in effect prior at age 70 or $50,000, whichever is less. Spouse coverage terminates at age 70.
 

Child(ren) premiums: $1.60 monthly covers all dependent children for $10,000 each; $4.00 monthly covers all dependent children for $25,000 each ($2,000 and $5,000 respectively for ages 14 days to 6 months).
 

Accelerated Life Benefit¹

You can receive up to 80% of your level term life insurance proceeds to a maximum of $500,000 for Members and Member Spouses, in the event that you become terminally ill and are diagnosed with less than 12 months to live. This can go a long way toward helping your family meet medical and other related expenses at this difficult time.

Accidental Death and Dismemberment coverage²

Group Accidental Death & Dismemberment (AD&D) Insurance can be elected at an amount equal to your level term life benefit amount for which you may be applying. In addition, many people are seriously injured by accidents and sustain loss of limb or eyesight. For these reasons, MSBA Group Accidental Death & Dismemberment (AD&D) Insurance is an important addition to your benefit plan.

Waiver of Life Insurance Premium Disability Benefit

If you become disabled prior to age 60 and remain disabled for six (6) continuous months, the company will waive your premium payments for as long as you continue to meet the definition of disability, or until the age of 70. If you recover and no longer meet the definition of disability, premium must again be paid when due.
 

Is a medical exam required?

You must complete our short-form application. This form includes only a few medical questions and asks for your height and weight. If we find no further medical information is needed upon review of your application, then you’re done! It’s as easy as that. It’s a simplified way to apply for life insurance coverage. If you can answer no to a few medical questions, that application could be all that is needed.

Will this level term plan pay in addition to other coverage?

Yes. The level term plan pays in addition to any other insurance coverage you have. The plan also stays with you until your coverage ends. If also electing coverage under the level term life insurance plans, a combined maximum benefit amount of $1,000,000 between the level term life insurance plans and the annual renewable term life insurance will apply.

What are my options when my 10-year term comes to an end?

Premiums are designed to remain level for the first 10 years of coverage. At the end of the 10-year period, if you still meet the requirements of eligibility, you may apply for re-entry. A written application and proof of good health satisfactory to MetLife is required.

Would I have the ability to continue coverage, should my plan end?

Yes, in many instances. If your insurance ends for a reason other than non-payment of your premiums, you may be able to convert your coverage into an individual life insurance policy from Metropolitan Life Insurance Company or an affiliate without providing evidence of insurability. Please see the certificate of insurance for details, including eligibility for conversion and amount of coverage that may be converted.

Are there any exclusions to my coverage?

Yes. Benefits will not be paid if the member’s or dependent’s death occurs from suicide within the first year of the effective date of their insurance or increase in insurance starts. The AD&D and Accelerated Life benefits are subject to additional exclusions. Please see your certificate for details.

Rates shown are as of January 1, 2025

Premiums for $50,000 Coverage

Premiums for $100,000 Coverage

Premiums for $150,000 Coverage

AD&D Coverage – Member/Spouse or Domestic Partner: $.03 per month per $1,000

Premiums are based on your age at 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 if premiums are increased for all insureds in the same age and rate class⁵. Coverage will become effective the 1^st day of the month after the application is approved by MetLife. To obtain a rate quote for other ages, benefit amounts, or for information on the 10-year Level Term Life Plan, call toll-free 1-800-501-5776.
 

The classes of rates are “Standard” “and “Preferred”. Only non-tobacco users may qualify for the “Preferred” rates. (Note: Tobacco users may only qualify for the “Standard” rates. A tobacco user is anyone who has used tobacco in any form in the past year.) Upon approval of your Application by the insurer, you will be notified of the rate classification for each approved person. Acceptance into this Plan is subject to medical evidence of insurability as determined by MetLife. Depending on your age, amount of coverage you applied for and your answers on the Application, a medical examination, medical test(s) or other evidence of good health may be required.
 

NOTE: If you elect the Accidental Death & Dismemberment option you will receive the same level of coverage as your 10-Year Level Term Life Insurance. If you are between the ages of 18 and 49, you may be eligible to apply for the MSBA Group 10-Year Level Term Life Insurance.
 

For more information including eligibility, rates, benefit provisions, exclusions, limitations and termination provisions, please contact the MSBA Insurance Administrator at 1-800-501-5776.
 

If applicable, an additional $2 billing fee will be included on your billing notice payable to the administrator. To save the fee, select Electronic Funds Transfer (EFT) as a safe and secure payment option.