Available in benefit amounts of $30,000, $50,000, $100,000 or $200,000 For DAN Members and their lawful spouses Coverage is renewable to age 70. No physical exam typically required.+ "Accelerated Benefits" included — receive up to 60 percent of benefits early if diagnosed with a terminal illness (as defined by the policy). 30-day risk-free inspection privilege Recreational Dive Benefit — 10 percent additional payment in the event of a diving-related death, up to $25,000
+Issuance of Certificate of Insurance or payment of benefits may depend upon the answers given in the application and the truthfulness of those answers.
Financial experts recommend term life insurance because you get insurance with no costly savings element added. This exclusive plan is underwritten by The United States Life Insurance Company in the City of New York, a name you can trust.
This plan is underwritten by The United States Life Insurance Company in the City of New York, NAIC No. 70136, domiciled in the state of New York with a principal place of business of One World Financial Center, 200 Liberty Street, New York, NY 10281. It is currently authorized to transact business in all states plus DC, except PR. This summary is a brief description of benefits only and is subject to the terms, conditions, exclusions and limitations of Group Policy No. G-206,071, Form No. G-19000. Coverage may vary or may not be available in all states.
EligibilityDAN Members in good standing and between the ages of 18 to 64 are eligible to apply. You may also insure your lawful spouse under age 65. Members must be able to perform the normal activities (as defined by the policy) of a person of like age and sex, with like occupation or retired status on the date insurance is to take effect. If not, the insurance will take effect on the date the member resumes such activities. Your dependent spouse, if applying, must not be hospitalized on the date their insurance is to take effect. If hospitalized, the insurance will take effect on the next business day after discharge. Acceptance into this plan may be subject to evidence of insurability as determined by United States Life Insurance Company.
BenefitsDAN Members and their spouses may each choose a benefit amount of $30,000–$200,000. The amounts need not be the same. On the date you or your spouse, if applying, attains age 65, your amount of life insurance will be reduced by 50 percent.
RenewableYou can renew your coverage to age 70 regardless of your health, as long as the Master Policy remains in force, insurance does not end for your class, you remain a member of DAN, and premiums are paid when due. Coverage for your dependent spouse will remain in effect until your insurance ends under the group policy, the group policy is changed to end dependents' life insurance, the spouse ceases to be a dependent or premium is not paid for the spouse when due. You can never be singled out for cancellation; you may cancel your coverage at any time.
Benefit Increase for Recreational DivesIf an insured member dies within 180 days as a result of injury caused by an accident that occurs while performing a recreational dive, DAN will pay an additional benefit equal to 10 percent of the member's life insurance amount in effect on the date of the accident, up to a maximum of $25,000. A recreational dive is a dive to a depth of less than 130 feet, which is not a commercial dive or performed for wage or profit. A recreational dive begins upon entry into the water and ends upon exit from the water.
Accelerated BenefitsAfter 180 consecutive days of being covered under the group policy, if an insured member is diagnosed with a terminal illness from which the person is not expected to recover that will result in death in six months or less, a sum of up to 60 percent of the total benefit less the discount is available prior to death. This money can be used for any purpose, such as paying medical bills or making the most of the precious months that remain. The remainder of your total benefit will then be paid to your beneficiary when death occurs, provided premiums continue to be paid.
Accelerated death benefits are not payable if the member has made an absolute assignment of his life insurance under the group policy, all or part of the member's life insurance under the group is to be paid to his child(ren) or former spouse as part of a court-approved divorce agreement, the insurance company does not receive written consent by any irrevocable beneficiary or the terminal illness is a result of intentional self-inflicted injury or attempted suicide. Receipt of accelerated death benefits may be taxable. Consult your personal tax advisor for specific details.