Guaranteed Term Life Insurance Plan

Guaranteed Issue Term Life

SPE Group Insurance Program

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Plan Information

Plan Features

You can select pure term life insurance of $25,000, $15,000, or $10,000.

Choose from three benefit amounts - $25,000, $15,000, or $10,000 - all available at competitive group rates. As long as you are a member residing in the United States* and age 45-74, you are eligible to apply. Your spouse age 45-74 may also apply for coverage, even if you do not.
*This Plan is not available to residents of AK, ID, MD, MI, MN, MT, NV, NY, OR, and WA. Exclusions may vary by state. Please see your Certificate of Insurance for details.

Graded benefits first 2 years

This policy has graded benefits for the first two years. If death occurs from reasons other than an accidental death, the plan will pay 125% of the initial annual premium the first year and 250% the second year. The full benefit amount will be paid for death from any cause after the second year and throughout the life of the policy.

Your coverage is guaranteed renewable.

You can keep this valuable coverage for you and your spouse without reapplying, as long as you pay your premiums when due, remain a member, and the group policy remains in effect.

Double benefits for accidents

You are covered from day one for double the amount of protection you choose - up to $50,000 - in the event of a covered accidental death. This benefit is not available to members who live in the following states: ID, LA, MD, MT, NY, NV, OR, SC, SD, and WA. Exclusions may vary by state. Please see our Certificate of Insurance for details.

Your coverage effective date

Your coverage will become effective on the 1st of the month following approval of your application and receipt of your premium payment. Spouse coverage selected will become effective on the same date. If the insured is confined for any condition in a hospital or an institution that provides medical care and treatment on the date the insurance would otherwise become effective, the coverage will become effective the day following formal discharge from the hospital or institution.

Your coverage amount does not decrease.

This is level term insurance, which means the coverage does not decrease due to age. Benefits with SPE Guaranteed Term Life remain the same through age 120 as long as the coverage remains in force.

Suicide

In the event of suicide within two years (one year in CO, MO and ND) after the effective date of coverage, benefits are limited to a refund of premiums paid.

Premium Information

Your Competitively-Priced Monthly Rates

Monthly Group Term Life Rates
Issue$10,000$15,000$25,000
AgeMaleFemaleMaleFemaleMaleFemale
45$31.20$25.70$46.80$38.55$78.00$64.25
46$32.20$26.60$48.30$39.90$80.50$66.50
47$33.20$27.50$49.80$41.25$83.00$68.75
48$34.20$28.40$51.30$42.60$85.50$71.00
49$35.20$29.30$42.80$43.95$88.00$73.20
50$36.30$30.10$54.45$45.15$90.75$75.25
51$37.30$31.00$55.95$46.50$93.25$77.50
52$38.30$31.90$57.45$47.85$95.78$79.75
53 $40.30 $33.50 $60.45 $50.25 $100.75 $83.75
54 $42.30 $35.10 $63.45 $52.65 $105.75 $87.75
55 $44.40 $36.60 $66.60 $54.90 $111.00 $91.50
56 $46.40 $38.20 $69.60 $57.30 $116.00 $95.50
57 $48.40 $39.80 $72.60 $59.70 $121.00 $99.50
58 $50.50 $40.90 $75.75 $61.35 $126.25 $102.25
59 $52.60 $42.00 $78.90 $63.00 $131.50 $105.00
60 $54.60 $43.20 $81.90 $64.80 $136.50 $108.00
61 $56.70 $44.30 $85.05 $66.45 $141.75 $110.75
62 $58.80 $45.40 $88.20 $68.10 $147.00 $113.50
63 $61.40 $47.30 $92.10 $70.95 $153.50 $118.25
64 $63.90 $49.20 $95.85 $73.80 $159.75 $123.00
65 $66.50 $51.00 $99.75 $76.50 $166.25 $127.50
66 $69.00 $52.90 $103.50 $79.35 $172.50 $132.25
67 $71.60 $54.80 $107.40 $82.20 $179.00 $137.00
68 $77.30 $59.50 $115.95 $89.25 $193.25 $148.75
69 $83.00 $64.20 $124.50 $96.30 $207.50 $160.50
70 $88.80 $68.90 $133.20 $103.35 $222.00 $172.25
71 $94.50 $73.60 $141.75 $110.40 $236.25 $184.00
72 $100.20 $78.30 $150.30 $117.45 $250.50 $195.75
73 $105.90 $83.00 $158.85 $124.50 $264.75 $207.50
74 $111.60 $87.70 $167.40 $131.55 $279.00 $219.25
75 $117.40 $92.40 $176.10 $138.60 $293.50 $231.00

The rate you pay is based on your age the day your coverage goes into effect, no matter how long you keep this insurance.

Transamerica Premier Life Insurance Company reserves the right to change the premium rates only if they are changed for the entire group policy. We will provide written notice at least 31 days before the date of change.

Please note: An administrative charge of $2.00 is added per billing notice for premium modes other than annual.

Please note: You also may have the option of paying your premiums once a year, twice a year (semi-annually), or four times a year (quarterly). If you pay your premiums monthly, quarterly or semi-annually, the total amount of premiums and/or administration fees that you pay in a year may be higher than if you make one annual payment. If you are interested in learning more about these payment options, please refer to your fulfillment package for details.


How to Apply for Coverage