Term life plans are available for students as well as their spouses and dependent children. The Accidental Death and Dismemberment Plan (AD&D) is available only to students, and the Personal Accident Plan is available for both students and spouses.
Did you know?
- It takes the average American family four to five years to adjust financially after the death of a primary breadwinner.1
- Average funeral and burial costs in the United States are $8,000–$10,000.2
- The number of American households without life insurance has increased 103% over the past two decades.1
Term life
Employee Term Life for students is available in increments of $5,000 (minimum $10,000 up to $50,000) or in a flat amount of $100,000. Use our life insurance calculator to help decide which coverage option is best for you.
Spouse term life coverage is available in increments of $5,000 but spouses may carry no more than half of the student's coverage.
| Employee Term Life (for students) |
| Coverage amounts |
-
Coverage in $5,000 increments from
$10,000 to $50,000; or
-
A flat amount of $100,000; or
-
|
| Coverage maximum |
$100,000 |
| Continuation |
Keep coverage after graduation for up to 12 months while seeking SBC employment. |
Benefit reduction at
age 65 (active employees) |
Reduces to 65% of current amount
with a minimum of $20,000. |
| Spouse Term Life |
| Coverage amounts |
$5,000 increments |
| Coverage maximum |
50% of Employee Term Life Coverage |
Employee and Spouse Term Life rates are available here.
Child life
For just 75 cents per month per family, the Child Term Life Plan offers $10,000 of coverage for each of your eligible dependent children.
| Child Term Life |
| Coverage amounts |
$10,000 |
| Coverage limitations |
Coverage begins at 14 days of life
and may continue up to age 25. |
Monthly Rates
The monthly rates for $10,000 child life coverage is 75 cents total,
regardless of the number of children covered. |
| Age |
All ages 14 days and up |
| Rate |
$0.75 |
Find out more about the value-added benefits you will receive with term life coverage through GuideStone Financial Resources.
1LIMRA Report, 2004
2National Association of Funeral Directors