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Let Us Help You Choose

Whether you’re obtaining life insurance to provide financial protection for your loved ones, to use as collateral for a loan or to diversify your financial portfolio, it’s important to understand your options. You should also consider your needs, such as how quickly you may need coverage and how long you may need to keep it.

The ADA sponsors three different life insurance plans, issued by Great-West Financial®, to meet the unique needs of ADA members and their families:


The comparison table below will help you understand the differences between the ADA life insurance plans, so you can choose the right coverage for you:

ADA Term Life Insurance ADA Level Term Life Insurance ADA Term Plus® Universal Life Insurance
Minimum Coverage Amount: $50,000 $100,000 $50,000
Maximum Coverage Amount1: $3,000,000 $3,000,000 $3,000,000
Fixed, Level Premium:Premiums gradually increase based on your age Premiums are fixed for a 10-year or 20-year term Premiums gradually increase based on your age
Age of Eligibility: Under age 65 Can apply for a 20-year term if under age 60 or a 10-year term if under age 65 Under age 65
Renewable Until2: Age 81 Option to roll 10- or 20-year terms into Term Life, which is renewable up to age 81, at the end of the term Age 90
Builds Cash Value: No No Yes
Spouse & Dependent Coverage: Yes Yes No3
Accelerated Death Benefit: Up to $200,000 if diagnosed with a terminal illness Up to $200,000 if diagnosed with a terminal illness Up to $200,000 if diagnosed with a terminal illness
Disability Waiver of Premium Option: Yes No Yes
Accidental Death Option4 Yes, maximum benefit of $1,000,000 No Yes, maximum benefit of $1,000,000
Volume Discounts: Yes No Yes
Premium Credit Discounts5: Yes No Yes
Medical Underwriting: Yes Yes Yes
Underwriting Rate Classes:
Preferred6
Standard
Substandard 1
Substandard 2
Preferred6
Standard
Substandard 1
Substandard 2
Preferred6
Standard
Substandard 1
Substandard 2
Ability to Convert Coverage to Term Plus® Universal Life: Yes Yes N/A


If you have additional questions, our dedicated Insurance Plan Specialists work exclusively with ADA members and can help you assess your options.

(weekdays from 8:00 am to 6:00 pm Central Time)
Phone  866.607.5338 (weekdays from 8:00 am to 6:00 pm Central Time)
Email planspecialist@greatwest.com

1Subject to $3,000,000 coverage maximum across all ADA life insurance certificates.

2Beginning at age 65, coverage amounts can no longer be increased.

3If member has Term Plus® Universal Life Insurance, then spouse/dependent is eligible for ADA Term Life Insurance coverage.

4The accidental death option benefit reduces by 50% beginning at age 66.

5Premium Credit discounts share favorable financial results with Plan participants. The Premium Credit discount is not guaranteed, but reevaluated periodically. Term Life and Term Plus Universal Life premiums increase annually based on age. For Term Plus Universal Life, an additional $4.10 monthly administrative fee will be added to your cost of coverage and will be deducted monthly. For certificates issued after January 1, 2009, renewal rates might be slightly lower than Term Life rates after age 70.

6Preferred rates are available to the healthiest individuals who have low-risk health and lifestyle characteristics. Your eligibility will be determined through medical underwriting. If you qualify, Preferred rates will apply for a minimum of 10 years. At any time on or after your 10th anniversary, you may be asked to requalify for another 10 years by providing proof of good health.

Dentists: The information on this website is not a contract. Benefits are provided through a Group Policy Nos. (104TLP Term Life, 1105GDH-IPP Disability Income Protection, 1106GDH-OEP Office Overhead Expense Disability, 104GUL Universal Life, 104LTLP Level Term Life, 1117GH-HIP Hospital Indemnity, 1127GH-CIP Critical Illness, and 1107GH-MCP MedCASHSM) filed in the State of Illinois in accordance with and governed by Illinois law, issued to the American Dental Association by Great-West Financial®. The ADA is entitled to receive royalties from the ADA Members Insurance Plans. Coverage is available to all eligible ADA members in all fifty states and U.S. territories under the aforementioned group policy. Each Plan participant will receive a Certificate of Insurance explaining the terms and conditions of the policy. Level Term Life premiums are fixed based on the selected duration of 10 or 20 years. An insured must maintain ADA membership throughout selected term to remain eligible for insurance. Annually Renewable Term Life, Hospital Indemnity, Critical Illness, and MedCASH premiums increase annually based on age. Recommended premiums under the Term Plus® Universal Life plan consist of the cost of insurance (which may vary based on the member’s age and coverage amount), the amount chosen by the member for deposit into his/her Policy Value Account and a service charge. Premium deposits may fluctuate or remain level depending upon the amount maintained in the Policy Value Account. Disability Income Protection premiums increase every 5 years and Office Overhead Expense every 10 years based on age. Premium credit for Annually Renewable Term Life and Term Plus Universal Life is not guaranteed but reevaluated annually. Premium credit for Disability Income Protection, Office Overhead Expense, Hospital Indemnity, Critical Illness, and MedCASH is not guaranteed but reevaluated semi-annually.


Dental Students: The information on this website is not a contract. Student coverage is issued regardless of your condition if you are under 45. If you are 45 or older, you can apply for the no-cost coverage and all student program features by providing proof of good health. Coverage renews automatically each academic year. Individuals may convert coverage to the plans for practicing dentists after graduation by paying ADA member premiums and maintaining ADA membership. Benefits are not payable, as defined by the respective policy, for death or disability resulting from a sickness, disorder, physical condition, or symptom that existed or was treated within 12 months prior to enrollment. Benefits are provided through a group policy Nos. (104TLP Term Life and 1108GDH-SDP Student Disability) filed in the State of Illinois in accordance with and governed by Illinois law, issued to the American Dental Association by Great-West Financial®. Coverage is available to eligible ADA members in all fifty states and US territories under the aforementioned group policy. Each insured will receive a certificate of insurance explaining the terms and conditions of the policy.


ADA® is a registered trademark of the American Dental Association and Great-West Financial® is a registered trademark of GWL&A.


Great-West Financial® is a marketing name of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: NY, NY, and their subsidiaries and affiliates. GWL&A is not licensed in New York, but eligible members residing in New York may apply for coverage under the aforementioned group policy. The trademarks, logos, service marks, and design elements used are owned by Great-West Life & Annuity Insurance Company. ©2019 Great-West Life & Annuity Insurance Company. All Rights Reserved. For website issues, contact the Webmaster at ADA_WebMaster@greatwest.com

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