The Voluntary Plan offers up to $500,000 in life insurance benefits on PORAC members. Members may also choose to insure their spouse/domestic partner and dependent children through this program.

You are eligible to apply for this coverage if:

a) You are a member in good standing of the Peace Officer's Research Association of California, or;

b) A full-time employee of the Peace Officers Research Association of California.

Once the coverage becomes effective, you may continue life coverage even after you retire from active duty as long as you continue membership in PORAC or RPOAC and elect one of the two options to continue coverage, the terminating option or the reducing option.

 

When is coverage effective:

On the first of the month following Standard's approval of the application and Statement of Health and premium payment is made.

 

What are Life Exclusions?

If you or your insured spouse/domestic partner or child dependent's death results from suicide or other intentionally self-inflicted injury, while sane or insane, during the first two (2) years of your voluntary coverage or an increase in your coverage, the benefit payable will be limited to the amount of the premium paid for such coverage.

 

What are the AD&D Coverage Exclusions?

Benefits will not be paid for loss from war; suicide or self-inflicted injury (while sane or insane); committing or attempting to commit an assault or a felony, actively participating in a violent disorder except in the line of duty; heart attack or stroke; self-administered drugs, poisons or chemical compounds; sickness or pregnancy; or medical or surgical treatment for any of these.

 

How Do I Convert My Life Insurance?

If you, your spouse/domestic partner, or your dependent children, cease to be eligible for coverage, life insurance will continue without cost_ for 31 days. During that time you may covert your life insurance to a permanent individual life insurance policy (except term insurance) without a medical examination. You must apply for the new policy and pay the first premium within 31 days.

 

Who are My Dependent Children?

Children qualify for coverage from live birth through age 20 (or through age 24 if a full-time student at an accredited educational institution), and include your natural child, adopted child, or stepchild or child of your domestic partner living in your home, but do not include a full-time member of the armed forces of any country. Disabled children may also be covered beyond the limiting ages as provided in the group policy.

 

When Does Insurance Terminate?

• The date your membership in PORAC or RPOAC is terminated;

• The date you cease to be an employee of PORAC;

• The date you become a full-time member of the military;

• The date of expiration of the last period for which you made the required premium payment;

• The first of the year following your attainment of age 60 should you choose the "Termination Option" upon retirement.

 

Schedule of Benefits:

Each eligible, active member, their spouse/domestic partner, and dependents may apply for coverage under one of the following levels of insurance.

Voluntary Life Insurance Benefit Amount:

Active Member..............................$25,000 to $500,000 as elected

Active Member's
Spouse/Domestic Partner ..............$25,000 to $250,000 as elected - not to exceed 50% of the member's benefit amount.

Dependent Children .......................$5,000 or $10,000 as elected - a single premium rate for life insurance on your child(ren) regardless of the number of children covered.

 

Monthly Premiums for Active Members:

Coverage Amount	Under Age 30	Age 30-34	Age 35-39	Age 40-44	Age 45-49	Age 50-54	Age 55-59*
$25,000	$1.85	$2.00	$2.50	$4.00	$6.25	$10.00	$17.50
$50,000	$3.70	$4.00	$5.00	$8.00	$12.50	$20.00	$35.00
$75,000	$5.50	$6.00	$7.50	$12.00	$18.75	$30.00	$52.50
$100,000	$7.40	$8.00	$10.00	$16.00	$25.00	$40.00	$70.00
$150,000	$11.10	$12.00	$15.00	$24.00	$37.50	$60.00	$105.00
$200,000	$14.80	$16.00	$20.00	$32.00	$50.00	$80.00	$140.00
$250,000	$18.50	$20.00	$25.00	$40.00	$62.50	$100.00	$175.00
$300,000	$22.20	$24.00	$30.00	$48.00	$75.00	$120.00	$210.00
$350,000	$25.90	$28.00	$35.00	$56.00	$87.50	$140.00	$245.00
$400,000	$29.60	$32.00	$40.00	$64.00	$100.00	$160.00	$280.00
$450,000	$33.30	$36.00	$45.00	$72.00	$112.50	$180.00	$315.00
$500,000	$37.00	$40.00	$50.00	$80.00	$125.00	$200.00	$350.00

 

*NOTE: Contact Myers-Stevens & Toohey for premium rates for members and spouses age 60 or older, and rates for retirees.

Example: 32 year old member is applying for $100,000 of Additional Life Insurance and $50,000 of Additional Life Insurance on 28 year old spouse/domestic partner.	Member's premium for $100,000 =	$ 8.00 per month
	Spouse's premium for $50,000 =	$ 3.70 per month
	Total monthly premium for both =	$11.70 per month

Continuance of Life Insurance Upon Retirement:

Upon retirement a member has (2) options regarding the continuation of his/her life insurance coverage

1. Terminating Option - Continue 100% of your Life Insurance amount in effect immediately prior to your retirement. Coverage will terminate when you become 60 years of age.

2. Reducing Option - Continue 10% of your Life Insurance amount in effect immediately prior to your retirement. Coverage will reduce, beginning at age 60, as provided under the Reduction in Insurance section.

Please contact Myers-Stevens and Toohey regarding your selection and retiree rates.

 

 Dependent Life Insurance

The premium rate for Life Insurance for children is based on the amount of coverage you select, regardless of the number of children covered, as follows.

Coverage Amount	Monthly Cost
$5,000	$0.45
$10,000	$0.90

Age Reductions

At age 60,your Additional Life Insurance, your spouse/domestic partner Life Insurance, and any AD&D Insurance begin reducing to a percentage of the original amount, as follows:

Insured's Age	Percentage
60-64	65%
65-69	45%
70-74	30%
75-79	15%
80 or over	10%