The new year came with new benefits! As of January 1, 2021, AFSPA’s Group Enhanced Life (GEL) insurance issued by the Prudential Insurance Company of America has been enhanced with a new Life Events benefit. Members who are not yet at the $200,000 Guarantee Issue (GI) limit are allowed a one-time coverage increase of $50,000 within 60 days of a Qualified Life Event (QLE) without having to complete a health questionnaire. This coverage allows you to use a portion of your principal sum coverage to assist with home care, assisted living, and nursing home expenses.
QLE is defined as:
The increase cannot exceed the maximum GI limit of $200,000.
For more information on GEL insurance click here.