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GROUP LIFE INSURANCE SCHEME MEMBERSHIP APPLICATION FORM have read and agree to the Conditions and Rules of the RAAF Welfare Trust Fund Group Life Insurance Scheme. I hereby direct the RAAF Welfare
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How to fill out group term life insurance
How to fill out group term life insurance
01
Obtain the group term life insurance application form from the insurance provider.
02
Read the application form carefully and understand all the terms and conditions.
03
Fill in your personal details such as name, address, date of birth, and contact information.
04
Provide information about your current health status, including any pre-existing medical conditions.
05
Specify the coverage amount you require and the beneficiaries who will receive the benefits in case of your death.
06
Sign and date the application form.
07
Submit the completed application form along with any required supporting documents to the insurance provider.
08
Pay the required premium amount as per the payment instructions provided by the insurance provider.
09
Wait for the insurance provider to review your application and approve your coverage.
10
Once approved, keep a copy of the policy document for your records and ensure your premium payments are up-to-date.
Who needs group term life insurance?
01
Group term life insurance is beneficial for various individuals and organizations, including:
02
- Employers who want to provide life insurance coverage for their employees as part of their employee benefits package.
03
- Employees who wish to protect their families financially in the event of their death.
04
- Members of professional associations or trade unions that offer group term life insurance as a membership benefit.
05
- Non-profit organizations or community groups that want to offer life insurance coverage to their members.
06
- Banks or financial institutions that want to provide life insurance coverage to their customers.
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