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Group 10-Year Level Term Life Insurance

Help protect what you value most with AIIT-endorsed Group 10-Year Level Term Life Insurance, which locks in a consistent rate for the initial decade—meaning your premium won't go up due to aging or changes in health.

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Coverage Highlights

UP TO $1,000,000 IN COVERAGE

PORTABLE PROTECTION

CONVERT TO INDIVIDUAL POLICY

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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, until age 75, as long as you remain in good standing with the Appraisal Institute, pay your premiums when due, and the policy is still in effect.
  • Specially Negotiated Rates: Applicants meeting higher underwriting standards and who don't use tobacco or nicotine products may qualify for Preferred or Super Preferred rates. Other non-tobacco/nicotine users may qualify for Select or Standard rates. Tobacco/nicotine users qualify for Preferred Smoker or Standard rates. In addition, you can benefit from volume discounts when you purchase higher coverage amounts.
  • 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 50% of your in-force life insurance while you are alive.1
  • Right of conversion: You may convert your coverage to an individual policy offered by New York Life, regardless of physical condition or history, under certain conditions of involuntary termination as stated in your certificate.2

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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.

1For terms, conditions, limitations, and exclusions, please see Certificate of Insurance.

2This right of conversion is also available to your covered dependents. Conversion must be requested within 31 days of the date you become eligible for this provision.

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