A recent study found that over half the U.S. population significantly overestimates the cost of term life insurance.1
Most millennials guessed the cost to be a thousand or more per year.
In actuality, the cost of $250,000 in Group Term Life Coverage offered by ASM International is $10.83/month for a healthy, non-smoking 30-year-old female — that's less than 36¢ per day.2
Rates shown are guaranteed until December 31, 2023.
12020 Insurance Barometer Series, LIMRA, Life Happens
2Group Term Life Insurance – 10-year Level Premium For Association Members Rate Table
Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy #66454-5. The group life insurance policy is issued by ReliaStar Life Insurance Company, a member of the Voya® family of companies, Minneapolis, Minnesota. Policy Form LP08GP. Administered by SelmanCo, brand entity of Selman & Company, LLC, One Integrity Parkway, Cleveland, OH 44143, 1-800-556-7614. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.
This is a paid endorsement. The Association receives a fee from the insurance broker and/or insurer for the endorsement of this plan.