The AOPA Group Term Life Insurance program, offered by Minnesota Life, recently extended the termination age to 80 years and increased the maximum coverage amount to $1 million. This supports AOPA's ongoing efforts to ensure aging pilots can continue to receive needed life insurance.
The previous termination age was 70, but the limit has now been raised 10 years to reflect the general longevity of the population. This new benefit will be applied automatically to members who have group insurance certificates issued through the program. In addition to the termination age, Minnesota Life increased the group insurance coverage amount from $500,000 to $1 million. Current insureds may apply to increase coverage to amounts over $500,000.
The AOPA Group Term Life Insurance Program is designed for active pilots with a current medical certificate. The program covers most types of flying - with no aviation surcharge. Insurance is available to members and spouses under age 65. For more information about the AOPA Group Term Life Insurance Program, visit the Web site or call 888/879-2672.
August 4, 2005