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Group Term Life Insurance

Group Term Life Insurance sponsored through AIIT helps protect what you value most by offering a policy that can be renewed and adjusted annually to help keep pace with the evolution of your financial plan.

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Coverage Highlights

UP TO $1,000,000 IN COVERAGE

PORTABLE PROTECTION

20% PREMIUM CREDIT1

BENEFIT INCREASE OPTION

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  • Up to $1,000,000 in coverage for both you and your spouse
  • Portability: You can keep your coverage throughout your career up to age 90, as long as you can remain in good standing with the Appraisal Institute, pay your premiums when due, and the policy is still in effect.
  • Up to 20% premium credit: A Professional enrolled in this coverage can receive a premium credit of up to 20% for the first 24 months of coverage if certain conditions are met.1
  • QuickDecisionSM: If you are under age 51, you and your spouse can apply for up to $250,000 in group term life insurance through our new streamlined approval process (not available for residents of MT and UT).
  • Combination credit: An Appraisal Institute Professional who is insured for both this coverage and disability insurance will receive a 5% credit off the contribution for both coverages, provided the Professional retains coverage in both coverages.2
  • Accelerated death benefit: If you or your spouse (if insured) is diagnosed as terminally ill with a life expectancy of 24 months or less, you may request one advance payment equal to 25% of your in-force life* insurance while you are alive.3
  • Benefit increase feature: Gives you the option to request an automatic annual increase of 10% of your initial insurance amount for 10 years, gradually doubling the insurance amount.

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*Please note that receipt of Accelerated Death Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should consult with the appropriate social services agency and seek the advice of a qualified tax advisor.

1This credit applies to Appraisal Institute Professionals only.

2This credit continues until insurance under this policy or G-13776-0 ends.

3For terms, conditions, limitations, and exclusions, please see Certificate of Insurance.

Underwritten by New York Life Insurance Company on Policy Form GMR. For more information, including features, costs, eligibility, renewability, limitations and exclusions reference the Policy Brochure.

New York Life Insurance Company, founded in 1845 and a recognized leader in the group insurance field, is one of the largest and most respected life insurance companies in the nation. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by Standard & Poor's (AA+); A.M. Best (A++); Moody's (Aaa); and Fitch (AAA). Source: Individual Third-Party Ratings Reports as of 11/17/23.

New York Life is licensed / authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. However, not all group coverages it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability. New York Life's state of domicile is New York, and NAIC ID# is 66915