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Life Offer

Life Insurance Offer: New Minister

Congratulations on receiving your credentials. Our Assemblies of God group term life insurance carrier, Standard Insurance Company, offers a unique enrollment opportunity that allows life insurance enrollment without completing a medical screening. This offer is only available to newly credentialed ministers with the Assemblies of God. This special enrollment period is limited, please refer to the postcard we recently sent to you for your specific enrollment dates.

How to Enroll

To enroll, submit the Enrollment Form and Bank Draft Form by fax at 417.447.7475 or mail them to AGFinancial Insurance, PO Box 10263, Springfield, MO 65808-0263.

Once we receive the completed forms, your insurance coverage will be added to the Standard Life Insurance plan. The bank draft will be processed through our billing company, Innovo Benefits Administration. We will be in touch either by phone or email concerning the premium, draft date, etc.

Rates and Maximums

The guaranteed amounts shown below are not subject to medical underwriting. If you would like coverage above these amounts, you will need to complete a medical history form to prove insurability.

Credentialed Minister
Under age 85: minimum $10,000 and maximum $50,000, in $10,000 increments
If age 65 – 84, there will be a 35% reduction in this amount when enrolled.

Spouse (Dependent Coverage)
Under age 85: minimum $5,000 and maximum $10,000
If age 65 – 84, there will be a 35% reduction in this amount when enrolled. The reduced amount will be no lower than $5,000.

Child (Dependent Coverage)
2,500, $5,000, $7,500 or $10,000 (all guaranteed)
Child(ren) are eligible through age 18 or through age 24 if attending an accredited educational institution full-time.

Spouse and Child Coverage cannot exceed 100% of the amount of coverage elected by you as the credentialed minister.

Rates and Coverage Changes
All rates are 5 year step-rated, meaning rates increase in 5 year increments (ages 25, 30, 35, 40, 45, 50, and so on). Insurance coverage reduces by 35% at age 65 and terminates at age 85. These changes all occur the January following the birth date of the insured.

Minister and Spouse Coverage Rates

Age Range Monthly Range per $1,000
Age 24 and under $0.050
Age 25 to 29 $0.065
Age 30 to 34 $0.087
Age 35 to 39 $0.109
Age 40 to 44 $0.153
Age 45 to 49 $0.250
Age 50 to 54 $0.425
Age 55 to 59 $0.730
Age 60 to 64 $1.000
Age 65 to 69 $1.960
Age 70 to 74 $3.480
Age 75 to 79 $5.940
Age 80 to 84 $8.560

Child Coverage Rates (covers all your eligible children)

Child Rider Coverage Amount Monthly Rate
$2,500 $0.77
$5,000 $1.54
$7,500 $2.31
$10,000 $3.08

Higher Coverage Amounts

If you would like to apply for a higher amount of coverage than what is listed above, you will need to complete a medical history form to prove insurability. Coverage over the above guaranteed amounts will not be in effect until approved by Standard Insurance Company. You may obtain the medical history form by contacting our office at 800.447.0446 or by clicking here. Return the completed forms by fax at 417.447.7475 or mail them to AGFinancial Insurance, PO Box 10263, Springfield, MO 65808-0263.

Higher coverage limits are as follows:

  • MINISTER – UP TO $500,000 AVAILABLE IN $10,000 INCREMENTS
  • SPOUSE – UP TO $250,000 AVAILABLE IN $5,000 INCREMENTS

*The coverage amount for the spouse cannot exceed 100 percent of the newly credentialed coverage.

Questions?

If you have questions or need assistance, call us at 800.447.0446 or email grouplife@agfinancial.org.

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