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At the time of death, no one in a family immediately thinks about their financial future; but it can quickly become an insurmountable issue. The lost income, the unpaid mortgage, the children's education are the kind of financial problems that can bankrupt a family if not planned for properly.
IDRA’s Group Term Life Insurance can help you plan for your family’s future should tragedy strike with great coverage for reasonable rates.
MORE ON THE GROUP TERM LIFE PLAN
In truth, most people have looked into the future and planned for tragedies that could happen. The one concern that is often overlooked is the constantly rising costs living in the United States. Ask yourself two questions.
1) Is the life insurance I bought a few years ago really going to be enough?
2) Did I take into account the yearly cost of living increases when I bought my policy?
If the answers to both, or even one of these questions is no, it is time to look to supplement your current life insurance with IDRA's Group Term Life Plan.
The features of this plan include:
Economical Rates: Rates are competitive with other plans in the market.
Pay-Out Option: Terminally-ill individuals can receive a portion of the benefits before death.
Simplified Issue: New members under age 55 who apply within 31 days of becoming a member may apply for up to $100,000 coverage on a Simplified Issue basis.
Conversion Privilege: If an insured member is no longer is eligible for group coverage, conversion to an individual policy is allowed without proof of good health.
Waiver of Premium: In cases of total disability before age 60, all premiums will be waived subject to policy provisions.
Family Plan
IDRA recognizes the need for supplementing its members' life insurance at reasonable rates, and also offers a Family Plan to supplement, or originally provide, protection for your loved ones.
The Family Plan offers the same rates to your spouse as yourself, and also coverage for your children. The IDRA understands that a strong family is one of the most important aspects of life, and protection of the family will only make that unit stronger.
NOTE: Children are eligible from 14 days old until 21 years old (25 for a full-time student). Children also have the option of converting to an individual policy at the time their dependency lapses.
Eligibility
Any DOI employee or Interior Department Recreation Association member in good standing under age 60, his or her spouse under age 60 and their dependent children 21 or younger (25 for a full-time student) are eligible to enroll in this plan, provided the employee is actively engaged in his or her occupational duties at least 30 hours a week.
How to Enroll
As an IDRA member you qualify for simplified enrollment. Just call 1-877-405-4372 to receive your application.
PLAN ACCESS
All government employees who lives in the Washington, DC metropolitan area (within a 60 mile radius) must be an IDRA member to participate in IDRA-sponsored insurance plans. All other government employees do not have to join IDRA to participate.
Those who join the Basic Membership or participants who live outside the Washington, DC area will have a $3.00 quarterly processing fee added to each billing for the respective rates shown below.
This fee will be waived for anyone who enrolls in the Membership Plus program. Click here for complete information on all IDRA membership options.
To join IDRA, click here
Life insurance coverage is provided under the terms of a group life insurance policy issued to the ReliaStar Association Group Insurance Trust, sitused in Mississippi, and underwritten by ReliaStar Life Insurance Company, Minneapolis, Minnesota. The Interior Department Recreation Association, sitused in the District of Columbia, has subscribed to this Trust. Coverage will be issued under Group GL-30771-8 on policy form LP04GP and will be administered on the behalf of ReliaStar Life Insurance Company by IDRA Plan Administrators, Inc., an insurance administrator licensed in the District of Columbia.
Although every attempt has been made to verify the accuracy of the information contained on this website, errors and omissions may occur. Once your enrollment application has been received, you will be notified if any rates or coverage specifications have been changed. All enrollment applications are subject to the rates and coverage specifications currently in use on the day they are received.
This information is for summary purposes only. A complete description of benefits and limitations of the plan will be found in the insurance certificate.
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