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GROUP
TERM LIFE
GROUP TERM LIFE
FOR ThE EMPLOYER
• Premium paid is generally a business deduction.
Group term life insur-
• Enhances competitive position in hiring new employees and retaining present employees.
ance continues to be • Can contribute to employee morale and productivity.
an integral part of an • A stand-alone life contract is usually less expensive than life coverage provided with medical coverage.
employer’s benefit pack-
age. Today, employees FOR ThE EMPLOYEE
have come to recognize • Provides security and peace of mind.
• Coverage available, regardless of age.
that life insurance, pro-
• Employer-paid premiums generally not considered taxable income for benefit up to $50,000.
vided by their employer, • Benefits paid to employee’s beneficiary usually are income-tax exempt.
offers additional security • Benefits normally provided on a non-medical basis.
to both employees and
employers. FLExIbLE PLAN DESIGN
Available to groups of 10 or more, Kansas City Life offers employers a choice of coverage
amounts which can be designated specifically for their needs. Benefit schedules can be a flat
amount, a percentage of earnings or a combination of the two. In most instances, all coverage is
guaranteed issue for employees who are actively at work on the effective date of coverage.
AGE REDUCTIONS
Our standard reduction schedule for Life and Accidental Death & Dismemberment coverage
is 35 percent of the original amount at age 65, 55 percent of the original amount at age 70 and
70 percent of the original amount to age 75. Benefits normally terminate at retirement. Other
reduction schedules are available to accommodate your client’s plan design.
WAIvER OF PREMIUM bENEFIT
If an individual becomes totally and permanently disabled prior to reaching age 60, coverage contin-
ues while that person is disabled and ceases when the disability ends or when the insured reaches the
specified age for termination of an active employee’s life coverage, not to exceed age 70.
EMPLOYER CONTRIbUTION AND PARTICIPATION REqUIREMENTS
Kansas City Life requires that the employer make a minimum contribution of 25 percent of the monthly
premium. When the employer pays 100 percent of the cost, all eligible employees are covered. If the
employer pays less than 100 percent, 75 percent of eligible employees need to participate in the plan. For a competitive
quote, submit the
following information:
ACCELERATED DEATh bENEFIT
• Company name
An accelerated death benefit* is included in Kansas City Life’s Group Term Life plan. This product feature
provides a benefit of up to 50 percent of the employee’s life insurance specified amount, to a maximum • Location (city, state, zip)
benefit of $100,000. Higher maximums are available upon request. Although some states might mandate a • Nature of business
lower minimum amount, an individual must be covered for at least $20,000 to be eligible for this benefit.
• Census data – including
* Not approved in all states. Contact your sales representative for details. gender, date of birth and
earnings (if percentage
benefit is chosen)
CONvERSION PRIvILEGE
If an individual should have part or all or his or her coverage terminated, the individual may • Benefit plan desired
apply to convert his or her insurance to an individual policy, subject to the terms of the group • If there is an existing
policy. If applied for within 31 days of termination, no evidence of insurability is required. plan, please include the
following information:
OPTIONAL COvERAGE • Present plan and rates
ACCIDENTAL DEATH & DISMEMBERMENT • Present carrier
An amount equal to the basic life benefit, unless requested differently, will be paid should death or certain • Experience – paid pre-
dismemberment occur within 180 days following accidental bodily injury. For all dismemberment, the mium vs. paid claims
actual amount payable is based on the severity of the loss. Like group life, this coverage is in effect 24 (required only on groups
hours a day. The only exclusions are for death or dismemberment due to war or acts of war, suicide or larger than 500 lives)
intentionally self-inflicted injuries, committing a felony and bodily or mental infirmities or disease.
Standard riders include:
Forward information to:
• Seat belt/Air bag
Fax: 816-531-4648
Optional riders include:
E-mail: groupbenefits@kclife.com
• Repatriation
• Child Education Benefit
• Spouse Education Benefit
• Common Disaster Benefit
DEPENDENT LIFE INSURANCE
Dependent life coverage is available in a variety of schedules and benefit amounts. Employees
have the option of providing coverage on their spouse and any unmarried children under the age
of 19 (under age 25 if full-time student). Eligible dependents must be performing normal daily
activities and must not be confined in a hospital on effective date of coverage.
This is not a certificate of insurance, but a brief description only. The group policy alone determines all
rights and benefits. Kansas City Life reserves the right to withdraw this offer at any time. Products may
not be available in all states. Please contact your Kansas City Life Group Benefits sales representative
for more details.
GROUP PRODUCTS FROM
KANSAS CITY LIFE INSURANCE COMPANY
Offering a variety of other employee benefit plans to meet your
specific needs.
Underwritten by: ■ Term Life and Accidental Death & Dismemberment
Kansas City Life ■ Voluntary Life
Insurance Company ■ Short Term Disability
Since 1895 ■ Voluntary Short Term Disability
3520 Broadway ■ Long Term Disability
Kansas City, MO 64111-2565
■ Voluntary Long Term Disability
PO Box 219425
Kansas City, MO 64121-9425 ■ Dental
Toll free: 1-877-266-6767, ext. 8200 ■ Voluntary Dental
Fax: 816-531-4648
■ Vision Care
E-mail: groupbenefits@kclife.com
Website: www.kclgroupbenefits.com ■ Select Trust Plus - Life, STD, LTD & Dental
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