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

Usually a good rule of thumb is 15 to 20 times your annual income, if you have dependent children. It is recommended that you have a professional evaluate your current situation to determine how much coverage you should have. Source: IRA.com. FAQs Life Insurance. 7 July 2009

Available exclusively to IMA members age 60 or under, lawful spouses age 60 or under and unmarried dependent children ages 14 days to 19 years (25 if a full time student). In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid.

This coverage is available only for residents of the United States.

Members–$200,000 to $1,000,000 in $5,000 increments
Spouse–$200,000 to $1,000,000 in $5,000 increments.
Children–$5,000 or $10,000

Pay Less If You Are a Qualified Non Tobacco User Non tobacco users meeting the highest underwriting standards may qualify for the "Super Preferred" (the Plan’s best) rates. Other non tobacco users may qualify for "Preferred" rates.

Issuance of this policy 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 representative if you’d like. Please click the Contacts section for the Program Administrator’s toll–free number.

Your or your spouse’s insurance will become effective 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 your spouse become eligible for insurance; or
• You or your spouse applies 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 members or spouses who are under age 70 at the end of a level term period, coverage will not reduce. For members or spouses who reach age 70 to 75 while coverage is still in force, your benefit amount reduces to 80 percent. From your 75^th birthday and after, your benefit reduces to 55 percent. Coverage terminates at age 80. 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 premium due date on or after your 80th birthday;
• 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; or
• For AD&D Insurance, the date your life insurance stops or the date life insurance premiums are waived under the waiver of life insurance Premium Disability Benefit;

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 AD&D 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 equal from 25 percent to 75 percent (or $50,000, whichever is less) 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)

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, without claim, within 30 days. Your coverage will be invalidated, and you will be sent a full refund–no questions asked!