Group Term Life Insurance
Underwritten by New York Life
Whether you’re young and single, or married with a family, life insurance is one of the wisest investments you can make for the future—to help ensure that your family will be free from most financial burdens in the event of your death.
This Group Term Life Insurance offers more than just a death benefit. If you become disabled, you may be able to keep your coverage active without paying premiums (subject to certain terms & conditions). Plus, under the Accelerated Death Benefit, you can request part of your benefits early to help avoid financial hardship if you become terminally ill.
Overview of Coverage for Group Term Life Insurance:
- Up to $500,000 in benefits for members and spouses
- Coverage until age 70
- Portable in the U.S.
Unlike employer-based coverage, this coverage is portable–which means that if you change jobs, your coverage does not terminate–as long as you remain an NJCPA member.
- Accelerated Death Benefit
- Waiver of Premium Clause
This insured-friendly feature is built directly into the coverage to keep you insured even if you become totally disabled (subject to certain terms & conditions).
- Optional Accidental Death & Dismemberment coverage
- No individual targeting for rate increases
New York Life Insurance Company 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. New York Life's state of domicile is New York, and NAIC ID# is 66915.
Take the Next Step:
Learn More and Apply:
Brochure & Application
Download, complete and return by mail.
Talk with an insurance professional:
1-855-874-0278
9:00am-5:00pm, Mon-Fri, Eastern Time
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How Much Coverage Do I Need?
This may be the most important question you could ask. Many experts recommend that you have roughly five times your annual salary to help ensure your family’s financial responsibilities are covered. However, every person’s need is different and this estimate isn’t always feasible.
You may want to use our Life Insurance Needs Calculator for a more specific recommendation.
Life Insurance Needs CalculatorUnderwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 — Policy Form GMR‑FACE‑29464.
Michigan Residents: I understand that I may use a producer/agent to assist me with the completion of this application at no cost to me.
New York Life Insurance Company 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. New York Life's state of domicile is New York, and NAIC ID# is 66915.