Bi-weekly National Association of Letter Carriers
Payroll Premiums MBA Whole Life U.S. Letter Carriers Mutual Benefit Association
INSURANCE
PAID UP AT AGE 65 MBA Whole Life MBA:
Insurance designed for letter carriers
The Mutual Benefit Association is the life insurance
INSURANCE
division of the National Association of Letter Carriers.
Current — FA C E VA L U E O F P O L I C Y — MBA insurance plans are designed to give
Age of
Insured $10,000 $25,000 $50,000 $100,000 NALC members and their families the
best possible protection for the lowest cost:
▼
25 $4.00 $8.50 $16.00 $31.00
26 4.20 9.00 17.00 33.00 PAID UP AT AGE 65 ✔ Affordability. The MBA operates with low
27 4.30 9.25 17.50 34.00 overhead, no fees and with no salespeople on
28
29
4.50
4.60
9.75 18.50
10.00 19.00
36.00
37.00
L et MBA Life Insurance
commission, so the savings are passed on to you.
✔ Dependability. NALC stands behind every
II II
protect your future:
30
31
32
4.80
5.00
5.20
10.50
11.00
11.50
20.00
21.00
22.00
39.00
41.00
43.00 If you have children…
policy written by the MBA, which was created
more than a century ago to give letter carrier PAID UP AT AGE 65
MBAWhole Life
families reliable savings and insurance plans.
33 5.40 12.00 23.00 45.00
34 5.60 12.50 24.00 47.00 Help your children live the life you have ✔ Simplicity. Just fill out an application and
you’ll receive your policy to examine for 30
35 5.90 13.25 25.50 50.00 planned for them—even if you’re not around.
Your MBA Whole Life policy can help pay off days. If you’re not fully satisfied for any reason,
36 6.20 14.00 27.00 53.00 return it for a full refund of any premium
37 6.40 14.50 28.00 55.00 your mortgage and buy your children the
INSURANCE
things they need. You can even use your policy you’ve paid. There’s no risk.
38 6.80 15.50 30.00 59.00
to contribute to their college expenses.
39 7.10 16.25 31.50 62.00 If you’re single… ✔ Service. Your local MBA representative and
the highly trained staff at the MBA are ready to
40 7.40 17.00 33.00 65.00 You still may have people depending on you: answer all your questions. Call your local
41 7.80 18.00 35.00 69.00 your parents, a niece or nephew, a charitable branch office or the MBA:
42 8.30 19.25 37.50 74.00 organization. And there’s a chance that more
43 8.70 20.25 39.50 78.00 people will depend on you in the future. 800-424-5184 202-638-4318
44 9.20 21.50 42.00 83.00 MBA Whole Life will ensure that your support Tues & Thurs 8-3:30 ET Weekdays 8-3:30 ET
continues as long as it’s needed. And, of course,
45 9.80 23.00 45.00 89.00
you can use the cash value of your policy to
46 10.40 24.50 48.00 95.00 supplement your retirement.
47 11.10 26.25 51.50 102.00 United States Letter Carriers
48 11.80 28.00 55.00 109.00 Mutual Benefit Association
49 12.70 30.25 59.50 118.00 If you’re married… 100 Indiana Ave. NW, Suite 510 LIFELONG INSURANCE PROTECTION
50 13.60 32.50 64.00 127.00 Washington, DC 20001-2144 WITHOUT LIFELONG PAYMENTS
51 14.90 35.75 70.50 140.00 Your MBA Whole Life policy will protect your
spouse, your children, your home and your
Fredric V. Rolando, President
52 16.30 39.25 77.50 154.00 Myra Warren, Director
dreams. Even if you’re in a two-income family,
53 17.90 43.25 85.50 170.00
both you and your spouse should consider Board of Trustees:
54 19.90 48.25 95.50 190.00 how the loss of one income could disrupt Lawrence D. Brown, Jr., Chairman A limited payment Whole Life insurance plan
55 22.20 54.00 107.00 213.00 your family’s future. Randall L. Keller designed exclusively for letter carriers from your NALC/MBA
Mike Gill 6/08
MBA Whole Life
M any NALC members want all the
advantages of a traditional Whole
Life policy — including insurance
Q What is Whole Life Paid Up at Age 65?
A This is a “limited payment” Whole Life
Q Will the premiums stay the same?
A Yes. You’ll pay the same premium amount INSURANCE
protection for their loved ones and insurance policy. That means you get all until you stop paying premiums entirely PAID UP AT AGE 65
the advantages of a Whole Life policy, on the policy anniversary date after the
a nest egg that grows in value. For just a few dollars deducted
but you stop making payments at age insured’s 65th birthday.
But they want to pay premiums only 65. So you reduce your financial obliga- from each paycheck until you’re 65,
you’ll have lifelong protection!
during their income-earning years. tions as you reach retirement age, while
maintaining your insurance coverage.
Q Who owns the policy?
The answer is MBA Whole Life Paid A Unless you tell us otherwise, the NALC
Up at Age 65, from your union’s
Mutual Benefit Association.
Q How is this policy different? member owns the policy for himself or Bi-weekly Payroll Premiums
herself and for any family members. At
A In traditional Whole Life policies, you any time you may assign ownership of Current — FA C E VA L U E O F P O L I C Y —
would pay premiums up to age 90 or Age of
the policy to another person or institution. Insured $10,000 $25,000 $50,000 $100,000
100. With Whole Life Paid Up at Age 65,
payments end on the policy anniversary
date following the insured’s 65th birth- Q How do I sign up? 0
1
$2.20
2.30
$4.00
4.25
$7.00
7.50
$13.00
14.00
A It’s easy. Choose the amount of protection
PAID UP AT AGE 65 day. At that time the policy is fully paid up, yet
coverage stays in force throughout the insured’s
lifetime.
Q How does my nest egg grow—
and what can I do with it?
your family needs—$10,000, $15,000,
2
3
4
2.30
2.30
2.40
4.25
4.25
4.50
7.50
7.50
8.00
14.00
14.00
15.00
MBAWhole Life
$25,000, $50,000 or $100,000. Decide how
A The MBA allots a portion of your premiums often you want to pay your premiums— 5 2.40 4.50 8.00 15.00
Q What are the benefits of a Whole Life policy? to build up the “cash value” of your policy. monthly, annually, or biweekly under 6
7
2.50
2.50
4.75
4.75
8.50
8.50
16.00
16.00
A Whole Life insurance provides a way to give Your nest egg also grows as you earn tax-
deferred interest at above-market rates. In
MBA’s automatic payroll deduction plan.
Then fill in the application and mail it to
8 2.50 4.75 8.50 16.00
your family financial security both during your 9 2.60 5.00 9.00 17.00
times of need, you can borrow against this us postage-free. We’ll send your policy to
INSURANCE
lifetime and beyond. In the event of your death, your home. You may return it within 30 10 2.60 5.00 9.00 17.00
cash value at a low interest rate (currently
your survivors receive the full amount of your days of receipt for a full refund of your pre- 11 2.70 5.25 9.50 18.00
8%) and still keep your policy in force. You 12 2.80 5.50 10.00 19.00
policy. While you’re alive, you are setting aside mium, if you decide not to keep the policy.
may also decide to surrender your policy in 13 2.90 5.75 10.50 20.00
money you can use as a nest egg for your family.
exchange for the entire cash value. 14 2.90 5.75 10.50 20.00
15 3.00 6.00 11.00 21.00
Q Will my policy earn dividends? All the advantages of traditional
PAID UP AT AGE 65
16 3.10 6.25 11.50 22.00
Whole Life insurance,
A Most likely. Every year the MBA determines if but payments end at age 65
17
18
3.20
3.30
6.50
6.75
12.00
12.50
23.00
24.00
your policy will share in the divisible surplus 19 3.40 7.00 13.00 25.00
which builds from all participating policies. ■ Guaranteed lifetime coverage 20 3.50 7.25 13.50 26.00
You may choose to receive your dividends as ■ Level premiums until age 65 21 3.60 7.50 14.00 27.00
a cash payment each year, to buy additional 22 3.70 7.75 14.50 28.00
■ Increasing cash value
insurance coverage, or to keep it on deposit 23 3.80 8.00 15.00 29.00
with the MBA to earn interest. ■ Access to low interest loans
▼
24 3.90 8.25 15.50 30.00