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  • Member and Spouse* Coverage: IMA members age 50 through 74 who reside in the United States are eligible to apply for this coverage as long as they are able to perform the daily living activities of the person of like age and sex. A member’s spouse* residing in the United States who is between the ages of 45 through 74 may also apply for coverage as long as they are able to perform the daily living activities of a person of like age and sex.
    Note: You don’t have to apply for coverage in order for your spouse* to apply for life insurance.
  • No Medical Exam Required: You are not required to take a physical or medical exam to be approved into this plan. All it takes is answering, satisfactorily to the insurer, the questions on the application.
  • Choice of Benefit Amounts: You and your spouse* can select a life insurance amount of $5,000 to $50,000 (in increments of $5,000).
  • Lifetime Coverage. You can keep this coverage for your lifetime. Coverage reduces to 50% at age 75; to 25% of original face amount at age 80; and to $2,500 at age 85.
  • Economical Group Rates: Compare the premiums for the IMA Group Senior Term Life Insurance Plan with similar term life plans on the market today. You may probably be surprised at how much life insurance you can afford.
  • Guaranteed Rates: Rates are guaranteed until June 30, 2018.
  • Send No Money Until You’re Approved by the Insurer
  • Convenient Monthly Payment Option: A Preauthorized Check Payment Plan option offers a time–saving convenience.
  • Portable Coverage: The Plan offers portable coverage that can follow you throughout your career. Make all the career changes you want and still be able to maintain this coverage. As long as you remain an active member of the IMA, pay your premium when due, and the group policy remains in force, you can keep your coverage.
  • Living Benefit ("Accelerated Life Benefit"): Enables you to apply for a portion of your life insurance benefits if you qualify as being terminally ill, subject to certain policy restrictions and limitations. These benefits are paid directly to you, and you may spend them any way you wish. You must have at least $5,000 of coverage in force to exercise this option. Receipt of accelerated benefit payments may be taxable. Assistance should be sought from a personal tax advisor.
  • Travel Assistance: You will be covered under the Voya Travel Assistance program at no cost to you. When traveling more than 100 miles from home, Voya Travel Assistance offers you and your dependents four types of services: Pre-Trip Information, Emergency Personal Services, Medical Assistance Services, and Emergency Transportation Services. Voya Travel Assistance Services provided by Europ Assistance USA, Bethesda, MD.

Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy 65972-0 issued and delivered in the state of Missouri, and governed by its laws, to the Institute of Management Accountants Life Insurance Trust as the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, an insurance administrator licensed in the state of Missouri. Policy Form LP08GPMO.

This is a Paid Endorsement. The Institute of Management Accountants receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.

*In Oregon, spouse includes domestic partner.

ELIGIBILITY

IMA members age 50 through 74 who reside in the United States are eligible to apply for this coverage as long as they are able to perform the daily living activities of the persons of like ages and sexes. A member’s spouse* residing in the United States who is between the ages of 45 through 74 may also apply for coverage as long as they are able to perform the daily living activities of a person of like age and sex.

This coverage is available only to residents of the United States and may not be available in all states. Please contact the administrator for details.

APPLY FOR UP TO $50,000 OF COVERAGE

Choose the amount of Group Senior Term Life insurance you need to help protect you and your family.
Amounts Of Insurance:
Members–$5,000 to $50,000 in $5,000 increments.
Spouse*$5,000 to $50,000 in $5,000 increments.

PLAN FEATURES

No Medical Exam Required

You are not required to take a physical or medical exam to be approved into this plan. All it takes is answering, satisfactorily to the insurer, the questions on the application.

Choice of Benefit Amounts

You and your spouse* can select a life insurance amount of $5,000 to $50,000 (in increments of $5,000).

Accelerated Life Benefit

This important plan option gives you the ability to collect part of your IMA Term Life benefits before your death if you are diagnosed with a terminal illness. If your doctor diagnoses you with a life expectancy of 12 months or less, you can collect up to 75 percent of your benefits before you die–to use however you wish.

(Note: A doctor–certified terminal illness means an illness from which no recovery is expected, that results in a life expectancy of 12 months or less. You must have at least $5,000 of coverage in force to exercise this option.)

This money can be used to help cover high prescription drug costs…medical bills…outstanding debts…to help pay for experimental treatments…the cost of modifications to your home…or for a family vacation – the choice is yours.

Please note that receipt of Accelerated Life Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should seek the advice of a qualified tax advisor.

Keep Your Cost Manageable

Rates have been provided on an annual basis per $5,000 of coverage to make it easier for you to compare this Plan with other insurance plans on the market today. Four modes of payment are available to suit your budget: quarterly billing, semiannual billing or annual billing; and our Monthly Pre–Authorized Check Payment Plan.

Your Cost

Rates are guaranteed until June 30, 2018.

Click here to view Rates

Send No Money Now!

All you need to do is return the completed application. You will be billed for the appropriate premium upon approval of your application by the insurer.

OTHER IMPORTANT INFORMATION

Exclusions

You’re covered 365 days a year, wherever you are. (The only exclusion is suicide within the first year of the date your insurance or increase in insurance starts.) The Accelerated Life Benefit is subject to additional exclusions.

You Name Your Beneficiary

You may name anyone you wish as the beneficiary of this plan, and you may change the beneficiary by contacting the Insurance Administrator in writing and advising them of the change.

You may also choose to name a beneficiary that you cannot change without his or her consent. This is an irrevocable beneficiary.

ADDITIONAL PLAN PROVISIONS

Effective Date

Your or your spouse’s* insurance will become effective on the later of the following dates:

  • ReliaStar Life approves your or your spouse’s* proof of good health;
  • Your or your spouse’s* premium is received;
  • You or your spouse* become eligible for insurance; or
  • You or your spouse* apply for insurance, if proof of good health is not required.

When Coverage Ends

As long as you remain an active member of the IMA, pay your premium when due, and the group policy remains in force, you can keep your coverage. Your insurance stops on the earliest of the following dates:

  • The last day of the month during which you are no longer eligible for insurance under the Group Policy.
  • The end of the period for which you paid premiums, if you do not make the next required premium contribution when due.
  • The date the Group Policy terminates.
  • The date the Trust agreement establishing the Institute of Management Accountants Life Insurance Trust terminates.
  • For Accelerated Life Benefit, the date your Life Insurance stops.

Renewal Payments And Claims

Once you are accepted into the Plan, you will have a 60–day grace period for your payment of renewal premium contributions. When you want to submit a claim, call or write the Administrator for claim forms.

Certificate Of Insurance

This is a summary of benefits only. A complete description of benfits, 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.

When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the Group Policy.

30–Day Free Look

If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it within 30 days provided no claims have been submitted or paid. Your coverage will be invalidated and you will be sent a full refund – no questions asked!

PLEASE KEEP FOR YOUR RECORDS

All members and spouses* must complete an application form for any new coverage or to increase coverage. Proof of good health is required. For more information on medical requirements, please contact your plan administrator. If there is an increase in the amount of your insurance, the increase will take effect on the first day of the month on or next following the date of the increase. Your IMA Senior Term Life Plan will start on the first day of the month after your application has been approved by the insurer and your first premium has been paid.

Life insurance coverage is provided under the terms of a group life insurance policy, Group Policy 65972-0 issued and delivered in the state of Missouri, and governed by its laws, to the Institute of Management Accountants Life Insurance Trust as the policyholder. The group life insurance policy is issued by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, an insurance administrator licensed in the state of Missouri. Policy Form LP08GPMO.

This is a Paid Endorsement. The Institute of Management Accountants receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.

*In Oregon, spouse includes domestic partner.

Answers about the plan, including eligibility, options, enrollment, customer service and more.

This plan is underwritten by ReliaStar Life Insurance Company, under Group Policy No. 65972–0.

IMA members age 50 through 74 who reside in the United States are eligible to apply for this coverage as long as they are able to perform the daily living activities of the persons of like ages and sexes. A member’s spouse* residing in the United States who is between the ages of 45 through 74 may also apply for coverage as long as they are able to perform the daily living activities of a person of like age and sex.

This coverage is available only to residents of the United States and may not be available in all states. Please contact the administrator for details.

Members – $5,000 to $50,000 in $5,000 increments
Spouse* – $5,000 to $50,000 in $5,000 increments.

No! There are no physicals required. Your approval is based on your satisfactory answers to the insurer to the 4 simple questions on the application.

Issuance of this insurance is handled over the internet and the mail. You can review the materials in the privacy of your home and purchase your insurance directly through the mail without meeting with a salesperson. You can, of course, talk to a licensed insurance producer if you’d like. Please click the Contacts section for the Program Administrator’s toll–free number.

You or your spouse’s* insurance will become effective on the first day of the month on or after the later of the following dates:

  • ReliaStar Life approves your or your spouse’s* proof of good health;
  • Your or your spouse’s* premium is received;
  • You or spouse* become eligible for insurance; or
  • You or your spouse* apply for insurance, if proof of good health is not required.

As long as you remain an active member of the IMA, pay your premium when due, and the group policy remains in force, you can keep your coverage for as long as you want. Coverage reduces to 50% at age 75; to 25% of original face amount at age 80; and $2,500 at age 85. Your insurance stops on the earliest of the following dates:

  • The last day of the month during which you are no longer eligible for insurance under the Group Policy.
  • The end of the period for which you paid premiums, if you do not make the next required premium contribution when due.
  • The date the Group Policy terminates.
  • The date the Trust agreement establishing the Institute of Management Accountants Life Insurance Trust terminates.

You’re covered 365 days a year, wherever you are. (The only exclusion for life insurance is suicide within the first year of the date your insurance or increase in insurance starts.) The Accelerated Life Benefit is subject to additional exclusions.

The Accelerated Life Benefit option is available to help terminally ill insureds during a difficult and often financially challenging time. Under this provision you may request an advance payment up to 75% of your (or your insured spouse’s*) current life insurance coverage.

This money can be used to help cover high prescription drug costs … medical bills … outstanding debts … to help pay for experimental treatments … the cost of modifications to your home … or for a family vacation – the choice is yours.

(Note: A doctor–certified terminal illness means an illness from which no recovery is expected, that results in a life expectancy of 12 months or less. You must have at least $5,000 of coverage in force to exercise this option.)

Please note that receipt of Accelerated Life Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should seek the advice of a qualified tax advisor.

When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the Plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it within 30 days provided no claims have been submitted or paid. Your coverage will be invalidated, and you will be sent a full refund – no questions asked!

*In Oregon, spouse includes domestic partner.

We're here to help! Please contact us in whatever manner is most convenient for you.

Program Administrator:

Mercer Consumer
12421 Meredith Drive
Urbandale, IA 50398
1-800-448-3436
ima.service@mercer.com
7:30 am to 4:30 pm M-F (Central)

Application Mailing Address:

IMA Group Insurance Program
P.O. Box 10374
Des Moines, IA 50306

Insurance Company:

ReliaStar Life Insurance Company
20 Washington Avenue South
Minneapolis, MN 55401-1900

Insurance Application and Brochure

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.

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