Quick Tip: Complete the Instant Quotes form to receive an instant listing of carrier quotes – free – with no obligation. You can begin your free online research – right now…
Easy enrollment in the 5 Star Family Protection Plan – Term Life to Age 100. Call 540 226-8715
Checkout the special spreadsheet that assists you calculate the total FEGLI cost over your career along with the article Low Cost Term Life Alternative to FEGLI Option B.
Life Insurance – Military Technicians
National Guard dual-status technicians are a unique type of federal employee. They can also be called Military Reserve Technicians. That’s how they are referred to in the law Title 5 and Title 32 of the US Code. They are civilians who work for the National Guard. Their jobs range from helicopter, airplane, and tank mechanics to clerical and support workers. Unlike other federal employees, National Guard dual-status technicians are required to maintain military status as a condition of their civilian position. Most federal employees are covered by Title 5; however, dual-status technicians are covered by both Title 5 and Title 32 (known as the Technician Act).
The Technician Act requires dual-status technicians to wear a military uniform as a condition of their employment; leave their civilian position if they can no longer meet their military requirements; and exempts the workers from overtime pay, seniority, and Merit Systems Protection Board rights that other federal workers have.
Military dual-status technicians have the same right to organize and join a labor union as other federal employees. They also enjoy the protections in the Federal Service Labor-Management Relations Act (Chapter 71 of Title 5), including: the right to bargain a contract, the right to union representation, and the right to file grievances and unfair labor practices. However, Title 32 allows dual-status technicians to be treated worse than other federal employees in the labor-management context. For example, while most federal employees facing discipline can either file a grievance or appeal a disciplinary charge to an outside federal agency (MSPB), technicians can only file a grievance with their Adjutant General without third-party review. Technicians are also exempt from laws providing overtime pay, and other rights.
The Department of Defense, the Army and the Air Force, and the National Guard Bureau all oversee dual-status technicians. The state Adjutant’s General, subject to federal regulations, are the designated employer of technicians.
Dual-status technicians typically get the “worst of both worlds” between their fellow civilian and military members. Unlike military members, technicians must work longer to be eligible for retirement; they are typically not eligible for enlistment bonuses; have limited seniority rights; and do not receive veterans’ preference. Unlike other civilian workers, they do not have discipline appeal rights to the MSPB, and their supervisors often serve as their military leaders, complicating the work relationship. Additionally, multiple deployments of the dual-status technicians to Iraq and Afghanistan has meant that the unions that represent them lose up to 50% of our bargaining unit at any given time.
Life Insurance – All Term – No Permanent
A National Guard dual status technician moves through their career with a large amount of term life insurance. If the National Guard dual status technician uses the maximum SGLI term life insurance and uses the basic FEGLI coverage plus the FEGLI option B optional coverage there’s a change the individual will carry as high as $1 million in term life insurance. But a large chunk of this coverage (the SGLI) is tied to membership and will be gone when the National Guard Technician leaves the service.
Introducing Term Life Coverage to Age 100 – Payments Never Go Up – Death Benefit Never Goes Down
5 Star Life Insurance Company’s offering of the Family Protection Plan with terminal illness coverage until age 100 is a great option for National Guard Dual Status Technicians to secure affordable permanent life insurance.
Here are some key benefits of this coverage:
With several options to choose from, select the coverage that best meets the needs of your family.
This plan pays the insured 30% (25% in Connecticut and Michigan) of the policy coverage amount in a lump sum upon the occurrence of a terminal condition that will result in a limited life span of less than 12 months.
You and your family continue coverage with no loss of benefits as long as premiums are paid. Coverage can never be cancelled by the insurance company unless you stop paying premiums.
Individual policies can be purchased on you, your spouse, children and grandchildren.
Children & Grandchildren Plan
Policies can be purchased for children and grandchildren ages newborn through 23 for a $10,000 policy or for a $20,000 policy.
Easy Application Process
This insurance does not require a medical exam or blood profile. Eligibility for coverage is based on a few simple health questions on the application.
Premiums are taken care of simply and easily through electronic bank draft deductions.
Protection You Can Count On
Within 24 hours after receiving notice of an insured’s death, an emergency death benefit of the lesser of 50% of the coverage amount, or $10,000, will be mailed to the insured’s beneficiary, unless the death is within the two-year contestability period and/or under investigation. This product also contains no war or terrorism exclusions.
Enrollment in this plan is very easy and includes:
• No exam
• 7 medical question application
• No Medical Information Bureau check
• No prescription drug check
• No motor vehicle record check
• Online enrollment
• Voice signature or wet signature
7 Medical Questions to Enroll
It’s worth re-stating to take a look at the easy enrollment process. If you take a look at buying a medically underwritten whole life policy above the age of 50 there will be medical questions and an exam that will cause the price to go up. Permanent life insurance is expensive – but this plan makes it affordable.
For individuals that might have high blood pressure, diabetes, use tobacco, a heavy build, and other out-patient treatment issues this plan is a great low cost solution for obtaining permanent coverage. Before you leave the military when SGLI expires and in conjunction with FEGLI basic coverage this plan will provide permanent coverage at a very low cost for the National Guard dual status technician.
Call 540 226-8715 and enroll today or fill out the quote tool and we will contact you. Enrollment is easy over the phone.
Get an online quote for level term life insurance to replace SGLI….