Alum AD from MetLife

Accidental Death insurance (AD) pays your beneficiary if you have a covered accidental injury that is the direct and independent cause of your death within one year of the injury. This payment is in addition to any life insurance you may have. AD covers you 24 hours a day, every day of the year, worldwide. There are no health questions to answer, and your acceptance is guaranteed.

The more active you are, the more important Accidental Death insurance becomes.

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As life unfolds and responsibilities mount, take time to prepare for the unexpected. Here are three sound reasons to have this group Accidental Death insurance (AD), available exclusively to alums, now:

  1. Financial Obligations Do you have credit card debt, auto loans, or student loans? Your AD benefit can be used to help pay off debts and reduce the financial burden on family and friends should the unthinkable happen.
  2. Funeral Costs The average funeral costs over $7,000.* This can present a financial hardship for most families. AD can also be a welcome source of funds for other final expenses, which may not be covered by your health insurance.
  3. Protecting Your Future Insurance from your employer doesn’t follow you from job to job—that is if your employer even offers coverage. Your status as an alum will never change, so your insurance can stay with you, no matter where you go.

*National Funeral Directors Association (NFDA), 2015

Metropolitan Life Insurance Company (MetLife) and its affiliates offer a full range of insurance and other financial products and services. MetLife is the largest life insurer in North America based on total premium and “in-force” coverage1 and offers financial products and services to over 95 of the top 100 FORTUNE 500® companies.2

Meyer and Associates is proud to offer life insurance products underwritten by MetLife, a name alumni can trust. For information on MetLife’s financial strength, click here to leave this site and visit MetLife’s.

1LIMRA Q3 2017
2FORTUNE 500(R) is a registered trademark of FORTUNE(R) Magazine, a division of Time, Inc.

This summary of AD highlights its major features. Like most insurance policies, this one contains exclusions, limitations, and terms for keeping them in force. Complete terms are governed by the group policy #156129, issued by Metropolitan Life Insurance Company, New York, NY 10166 to Collegiate Alumni Trust II. Details of policy provisions are in the Certificate provided to each insured person.

L0218502842[exp0219][All States][DC,GU,MP,PR,VI]

Residents of all eligible states and DC: Premiums are listed below

To apply, please complete, sign, and mail a simple enrollment form. Click here for the form.

Current Premiums for Select Amounts
Insurance Amount
Age 18-64
Age 65-69
Age 70-74
1 Month 6 Months 1 Month 6 Months 1 Month 6 Months
$50,000 $2.70 $16.20 $2.70 $16.20 $2.70 $16.20
100,000 5.40 32.40 5.40 32.40 5.40 32.40
150,000 8.10 48.60 8.10 48.60 8.10 48.60
200,000 10.80 64.80 10.80 64.80 10.80 64.80
250,000 13.50 81.00 13.50 81.00 13.50 81.00
300,000 16.20 97.20 16.20 97.20 NA* NA*
350,000 18.90 113.40 18.90 113.40 NA* NA*
400,000 21.60 129.60 21.60 129.60 NA* NA*
450,000 24.30 145.80 24.30 145.80 NA* NA*
500,000 27.00 162.00 27.00 162.00 NA* NA*
550,000 29.70 178.20 NA* NA* NA* NA*
600,000 32.40 194.40 NA* NA* NA* NA*
650,000 35.10 210.60 NA* NA* NA* NA*
700,000 37.80 226.80 NA* NA* NA* NA*
750,000 40.50 243.00 NA* NA* NA* NA*
800,000 43.20 259.20 NA* NA* NA* NA*
850,000 45.90 275.40 NA* NA* NA* NA*
900,000 48.60 291.60 NA* NA* NA* NA*
950,000 51.30 307.80 NA* NA* NA* NA*
1,000,000 54.00 324.00 NA* NA* NA* NA*

Current as of September 2016

*Accidental Death insurance is available from $50,000 to $1,000,000 (in $1,000 multiples). The maximum available at age 65 is $500,000, and the maximum at age 70 is $250,000.

Rates are subject to change. Rates shown are the monthly and semi-annual premiums.

FREQUENTLY ASKED QUESTIONS

Accidental Death insurance (AD) pays your beneficiary if your death results from a covered accidental injury within one year of the injury. This payment is in addition to any life insurance you may have. AD covers you 24 hours a day, every day of the year, worldwide. There are no health questions to answer, and your acceptance is guaranteed.
AD is for people who are active, travel, engage in sports—particularly those who are young in fact or in spirit. Do you walk, run, hike, bike, or boat? Do you climb a ladder or a mountain? Do you ski, or swim, or snorkel, or scuba? Do you fish, hunt, or camp? Do you travel by train? By plane? Car? Motorcycle? If so, AD is probably for you.
Some people think that AD is like travel accident or flight insurance. It really isn't. Travel accident customarily pays benefits for accidental death only while you are a passenger on commercial transportation, referred to as "common carriers." But AD also covers deaths from falls and falling objects, fires and firearms, poisoning, choking, suffocating, drowning, common carrier and personal travel—even homicides.
Alumni/ae, students, faculty and staff of sponsoring alumni/ae associations, and eligible family members may apply. Each must be at least age 18 but under 75 when applying. Eligible family members are spouses, domestic partners, parents, children, and siblings. Any of them may apply—even if you do not apply. This AD is not available in AK, OR, NY, and UT. Click here for other AD that may be available. (AD is not available in OR.)
Age
Amount
18-64
$50,000 - 1,000,000
65-69
50,000 - 500,000
70-74
50,000 - 250,000

Premiums are under 20¢ a day for $100,000 of AD insurance.

Have you ever purchased AD insurance, or even the more restrictive accident insurance? If so, you’d probably agree that premiums for this AD plan are exceptionally low. In fact, they are less than half of premiums for AD plans available through some other sponsors, such as banks and credit unions.

For premiums for additional amounts, click here

Current Monthly Premiums for Select Amounts
Insurance Amount
Age 18-64
Age 65-69
Age 70-74
$100,000 $ 5.40 $ 5.40 $ 5.40
250,000 13.50 13.50 13.50
500,000 27.00 27.00 NA
1,000,000 54.00 NA NA
Premiums as of September 2016

  1. Monthly automatic withdrawal from your bank (EFT). You do not write checks or worry about paying late. There is no processing fee for this convenience. Click here to download the EFT form.
  2. Semiannual bills payable by check. Semiannual premiums are six times monthly premiums. A fee of $6, subject to change, is added to each bill.
At no additional cost, benefits will be increased:
  • By 10% if death is due to an accident on a "common carrier" (airplane, bus, taxi, train, etc.)**
  • By 10% (up to $25,000) if death is due to a car accident and the covered person was properly wearing a seat belt at the time of the accident.**
  • By 5% (up to $10,000) if death is due to a car accident and the seat was protected by an air bag.**
  • By the cost (up to $5,000) of preparing and transporting the deceased’s body to the city of the deceased’s principal residence.**

Coverage will continue until age 75 if premiums are paid when due and the group policy remains in force.

**See Certificate for details
Benefits will not be paid for (1) any loss caused by physical or mental illness or the diagnosis or treatment of such illness or infirmity; infection, other than infection occurring in an external accidental wound; suicide, attempted suicide, or intentionally self-inflicted injury; service in the armed forces of any country or international authority, except the United States National Guard or (2) any incident related to travel in an aircraft for the purpose of parachuting or otherwise exiting from such aircraft while it is in flight; parachuting or otherwise exiting from an aircraft while such aircraft is in flight, except for self-preservation; travel in an aircraft or device used for testing or experimental purposes by or for any military authority or for travel or designed for travel beyond the earth’s atmosphere; committing or attempting to commit a felony; the voluntary intake or use by any means of any drug, medication, or sedative, unless it is taken or used as prescribed by a physician, or an “over-the-counter” drug, medication or sedative taken as directed; poison, gas, or fumes; or war, whether declared or undeclared, or act of war.