State Bar of Wisconsin Group Term Life Insurance Plan

Added peace of mind for your family—insurance protection for their future

No one wants to think about death, but if you avoid planning for the future, you could be forcing your family to abandon the lifestyle they are accustomed to.

The State Bar of Wisconsin Group Term Life Insurance Plan—with coverage issued by The Prudential Insurance Company of America (Prudential)—was designed for a simple purpose: to provide money to help keep your family's hopes and dreams for the future on track following an untimely death. It's money to help pay the mortgage, so they can continue to live in the family home; or to help with college expenses, so your children can get the education they deserve. It’s money to help ensure your family's financial future is protected.

Eligibility for This Plan

All association members under the age of 65 are eligible to apply for the Group Term Life Insurance Plan. Group Term Life Insurance is available to you in amounts up to $1,000,000 in $50,000 increments. Covered members may also apply to insure their spouses under age 65. Spouse coverage may not exceed 100% of the member’s coverage amount. Eligible dependent children under age 26 can be insured for $10,000 or $20,000 per child. All coverage is subject to Prudential’s approval of satisfactory evidence of insurability.

Coverage designed with you in mind

Coverage that you can take with you

How much does it cost?

Optional Benefits

Optional Accidental Death (AD) Coverage: The State Bar of Wisconsin Term Life Insurance Plan includes optional Accidental Death coverage, which provides an additional benefit if you die by accident. The AD insurance proceeds are payable in addition to any other life insurance benefit payable under the Plan.

Accelerated Benefit Option If you become terminally ill with a life expectancy of six months or less, the Accelerated Benefit Option lets you receive 75% of your coverage amount (not to exceed $250,000) while still living.

Use the proceeds as you wish—for travel, medical bills, or family expenses. The amount payable at death is then reduced by the accelerated benefit amount paid. Please consult with your tax advisor to review any tax implications.

Optional Dependent Coverage Dependent Child Coverage— For $12 a year, you can insure your eligible dependent children with $10,000 of term life insurance or for $24 a year you can insure them with $20,000 of coverage. The cost is added to your Member Term Life premium.

Spouse Coverage—Covered members may also request coverage for their eligible spouses under age 65. Spouse coverage may not exceed 100% of the member’s coverage amount.

Ownership Transfer Available

The provisions of the group policy allow you to transfer ownership of your coverage to your spouse, business partner, professional corporation or a trust. Transfer of ownership could result in a tax advantage for you. Contact your tax advisor for details.

How do I Apply?

Exclusions

The only death claims against your group term life coverage to be denied will be for misrepresentation of your application or death by suicide within the first two years of coverage. Please read your insurance certificate for details. For information on termination of coverage, also consult your certificate.

For Information Contact:

Bultman Financial 13625 Bishops Drive Suite #100 Brookfield, WI 53005 262-782-9949 1-800-344-7040 Fax: 262-782-1454

A loss is not covered if it results from any of the following:

This site may contain marketing language, on products issued by The Prudential Insurance Company of America, that has not yet been approved in all states.

Accelerated Death Benefit option is a feature that is made available to group life insurance participants. It is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for those types of insurance coverage. The death benefit is reduced by the amount of the accelerated death benefit paid. There is no administrative fee to accelerate benefits. Receipt of accelerated death benefits may affect eligibility for public assistance and may be taxable. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefits and is considered terminally ill. You may wish to seek professional tax advice before exercising this option.

This policy provides ACCIDENT insurance only. It does not provide basic hospital, basic medical, or major medical insurance as defined by the New York Department of Financial Services. IMPORTANT NOTICE: THIS POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS.

State Bar of Wisconsin Group Term Life Insurance and Accidental Death coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. This presentation is intended to be a summary of benefits and does not include all policy provisions, exclusions and limitations. A Booklet-Certificate, with complete information, including limitations and exclusions, will be provided. If there is a discrepancy between this document and the Booklet-Certificate issued by Prudential, the terms of the Booklet-Certificate will govern. Contract series 83500. CA COA# 1179, NAIC# 68241

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