Optional Life Insurance Benefits Available
Along with the EANGNJ, your Association manages the Group Life Insurance Program. With the assistance of American Equity Life Insurance Company we provide direct service to our members.
We offer affordable Life Insurance coverage to $50,000.00. Overall this program provides excellent coverage for the members and their spouses and features a prompt payment service, generally within 72 hours of an untimely death. Payment of premiums can be facilitated by payroll deductions from your Guard pay or you may make direct payments if you choose.
Highlights
- Life insurance payable in event of death from any cause.
- Coverage is twenty-four hours a day, 365 days a year.
- No War Clause.
- No Aviation Exclusion.
- No Suicide Clause.
- No Hazardous Duty or Civilian Occupation Restriction.
- Full Conversion privilege upon termination regardless of health.
Eligibility - $5,000 Basic Benefit
Any member, within the ninety (90) days after joining the National Guard, may enroll at any time prior to the 91st day after joining without furnishing evidence of insurability.
If a member does not apply within the ninety (90) day period after joining the National Guard, they may still apply, but the Company reserves the right to accept or reject their application.
Members have the option of applying for additional insurance, up to $50,000, by submitting evidence of insurability satisfactory to the Company.