ATA Group Life+ Insurance is a program specifically developed for Alberta Teachers Association members to provide easy to access, inexpensive insurance with up-front rate information. Basically, an entry point into life insurance for teachers and their spouses who want something simple and accessible.
Group Life+ is the ATA's Group 5 year Term Life Insurance.
Here's how it works:
Your insurance comes in units of $25,000 ($25K, 50K, 100K, etc.) up to $500,000 in coverage. For each unit there's a price based on your age range and smoker status. You just choose your amount of coverage, find your age band and smoker status, and that gives you your rate! Simple!
Here are the rates for each age band:
You also have access to Child Life Insurance as an addition -- at only $0.88 per $5K unit to cover all children in your family.
But why is this important?
Well, what happens if you get hit by a bus?
We use the "bus" analogy because it's random. It comes from nowhere. It's hard to see ourselves dying from cancer, or getting in a fatal car accident, or any other number of ways people die ALL THE TIME. Because we can't put ourselves in that picture. But let's say you did. What would happen?
Would your family be able to stay in their house? Would they have the cash on hand to pay funeral expenses (around 10K)? Would what you have saved so far give your kids the kinds of education and experiences you want to give them? If the bank came calling for the mortgage, what would happen?
Your school board benefit coverage may provide some protection -- typically 2x your salary. Is that enough to cover all those costs? What about if something happens to your spouse?
The Alberta Teachers Association ATA Group Life+ Insurance program is designed to make it easy -- and inexpensive -- for teachers to protect their families.
Contact us today to find out how to protect your family with the ATA Group Life+ Insurance program.
Long Term Care Insurance
Long Term Care Insurance was created to help teachers and retired teachers in Alberta cover their long term care costs when they can no longer look after themselves.
Permanent Life Insurance
Permanent Life Insurance is insurance that you own, instead of insurance that you rent.