One of the premier benefits of your membership in the Secure Card Association of America is up to $10,000 Group Term Life Insurance. Life insurance is one of the most cost-effective ways to safeguard the dreams of future generations. While you could never be replaced, life insurance can help your family weather the financial burden resulting from a loss of income due to your death.
Term life insurance offers effective protection for times when your family needs it the most. Guaranteed Issue to All Secure Card Association (SCAA) members. No One is Declined Coverage!
Group Term Life Insurance with Accidental Death Benefit Coverage Amounts 1
May vary by age, as follows:
Waiting Period (6 months)
$10,000 Accidental Death Coverage only
Ongoing Coverage (7 months & beyond)
$10,000 Life Coverage
During the first six months that your membership is active, waiting period coverage (no matter your age) is limited to $10,000 of Accidental Death Coverage only.
After 6 months of continuous active membership, ongoing coverage for those who activated their membership at:
Age 18-59 receive $10,000 of Group Term Life Insurance protection.
Age 60-69 receive $5,000 Group Term Life Insurance and $5,000 Accidental Death Insurance (if death is due to accidental causes).
Age 70+ receive $10,000 of Accidental Death Coverage only.
1The Group Term Life Insurance offers a benefit payout to a chosen beneficiary. This Group Term Life Insurance may be issued on Form Series GLC-3002, by Guarantee Trust Life Insurance Company (GTL), 1275 Milwaukee Avenue Glenview, IL 60025 or Policy Form Number ALTLP-TX-05, by Amalgamated Life Insurance Company (ALI), 333 Westchester Avenue, White Plains, NY,10604. Benefit amounts are based on age at the time you become a member of the SCAA. These coverages and their features may vary by state. Certain exclusions and limitations may apply, for cost and complete details of coverage, please refer to your certificate. This coverage is not intended to replace any life insurance currently in force. GTL, ALI, and Secure Card Association of America (SCAA) are separate legal entities and have sole financial responsibility for their own products. GTL and ALI provide the Group Term Life insurance coverage and do not provide nor are they affiliated with the discount programs provided as a benefit of membership in SCAA. The Term Life or Accidental Death insurance included with your account is not FDIC insured, guaranteed by the issuing bank, or a deposit account.
Choosing a Beneficiary
Remember to name a beneficiary on your Group Life Term Life Insurance coverage to receive the death benefit.
You will need the following information for the beneficiary: Name and Relationship are required, while email and telephone number are recommended.
Although we highly recommend you name a beneficiary, you can choose to have your death benefit payable to your estate. We will pay the benefit in the following classes of surviving relatives: your spouse, your children, your parents or your siblings.
You may change your beneficiary at any time. Visit My Account in the online portal or app. Go to the “Benefits” tab, choose “Group Term Life Insurance” then “Change my beneficiary” and follow the prompts
Filing a Claim
To initiate the process and request a claim form, please call 1-855-955-6469
Have the following information ready:
1. Insured member’s name
2. Insured member’s address
Providers
If you live in the following States: AK, LA, MA, MD, ME, MT, NC, NY, OR, UT, WA then your Life Insurance is underwritten by Amalgamated Life Insurance Company.
If you live in any other state or the District of Columbia then your Life Insurance is underwritten by Guarantee Trust Life Insurance Company.