Life Insurance – Accidental Death & Dismemberment (optional)

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Life Insurance

As an active expatriate member of an association, an insured member may purchase Group Life Insurance and Accidental Death & Dismemberment equal to 3 times annual income with a maximum of $500,000 US *.  However, Term Life Insurance for Dependents is not offered through the AAPG GeoCareProgram. Universal Life or Term Life for the dependents of association members is now available directly through Gulf Insurance/Global Benefits Group. To apply for this coverage, please contact Rutherfoord International Inc..

The Term insurance is valid as long as one is an expatriate member of your Association.

The age limit for new Insured is age 65. Insured Members, may renew up to age 70. All Life Insurance amounts in excess of $50,000 require prior approval from Gulf Insurance. While waiting for confirmation of insurability, each member's amount of AD&D insurance will be limited to $50,000.

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Exclusions and Limitations

Age Reduction

If an insured member is 65 years or older, but under age 70, the amount of Life Insurance is reduced to 65% of the amount applicable at lower ages. Any decrease in the amount of Life Insurance due to age, will take place on a birthday.

Exclusion for Life Insurance

No benefits are payable under this part if death is the result of declared or undeclared war or any act of war, riot, civil commotion or police action.

Beneficiary

Members have the liberty to appoint or change a beneficiary at their discretion.

Life Insurance and AD&D premiums

The monthly premiums quoted are per $1,000 of insurance.  Members interested in applying for AD&D benefits are also required to apply for Life Insurance coverage. AD&D coverage is not offered as a stand alone policy under the AAPG GeoCare Program.

Ages	Monthly Premium per $1,000 of coverage
1 to 29	$0.22
30 to 34	$0.22
35 to 39	$0.22
40 to 44	$0.44
45 to 49	$0.44
50 to 54	$1.24
55 to 59	$1.24
60 to 64	$2.63
65 to 70*	$2.63
* renewal

Life Premium example:

Amount of life Insurance $100,000

Age of Applicant 35 to 39

Monthly premium $22.00

Annual Premium $264.00

Accidental Death & Dismemberment Benefits

If, as a result of any accident which occurs while the Member is insured, and within 90 days of the accident directly and independent of all other causes a Member suffers any of the losses shown below, the Company will pay the percentage of the total benefit purchased as follows:

For loss of:

Life	Full
One Hand	One-half
One Foot	One-half
The Sight of One Eye	One-half
More than One of the Above	Full

If the Accident results in the Member's death, payment will be made to the beneficiary designated by the Member. All other benefit payments will be made to the Member.

Exclusions and Limitations

Limitations

No benefit is payable for loss as a result of:

· bodily or mental infirmity;

· sickness, or medical or surgical treatment, ptomaines;

· war or any act of war, whether declared or undeclared;

· riot, civil commotion or police action;

· suicide or attempt thereat;

· participation in aeronautic operations or activities except as a passenger on a regularly schedule aircraft;

· intoxication or under the influence of any drug;

· committing or attempting to commit an assault or felony or resisting arrest.

AD&D Rate:

Ages	Monthly Premium per $1,000 of coverage
0 to 65	$0.10

AD&D Premium example:

Amount of AD&D Insurance $50,000

Age of Applicant 0 to 65

Monthly premium $5.00

Annual Premium $60.00

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