Level Premium Term (LPT) Life Insurance Plan
Options and Features
In addition to offering life insurance at the same affordable cost for the length of the term, LPT also offers a number of options and features that make this coverage appealing.
Dependent Child Coverage
$10,000 life insurance is available on each of your eligible dependent children (Dependent Child Coverage is not available if you already have this coverage under the CPA Life, another member Life plan or an existing LPT Plan).
Coverage for dependent children can begin at birth and can continue if child is unmarried and less than age 25.
Waiver of Contribution During Disability Option
If you become totally disabled, the last thing you need to worry about is paying for your life insurance. This provision allows the life insurance to continue with no further contributions from you if you become totally disabled prior to age 60 and remain disabled.
Accidental Death and Dismemberment (AD&D) Insurance
AD&D insurance is 24-hour, around-the-world accident coverage equal to the amount of life insurance. AD&D terminates at age 75.
Accelerated Death Benefit
Allows you to use 75% of your benefit (up to $1 million), if you become terminally ill with less than six months to live.
10- or 20- Year Level Term Options
Depending on your age, you will have the option of purchasing life insurance at 10- or 20-year term lengths. Contributions rates are projected to be level over the 10-year or 20-year term.
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