GEBA’s Group Term Life Insurance plan is a unique product for our members. Your group policy continues as long as you pay your premiums. The Group Term Life
Insurance policy differs from Individual Term Life Insurance in that the coverage is capped at $600,000 for the member, the rates will increase throughout the term based on age,
and your coverage decreases at age 65. With Individual Term Life coverage, your premiums remain the same for the length of the term, and there is no limit on coverage
amounts. GEBA’s Insurance and Investment Consultants can help advise you about whether a Group or Individual Term Life policy best fits your needs.