Nov 23, 2014

Group 20-Year Level Term Life Insurance Highlights

Underwritten by New York Life Insurance Company on policy form GMR-FACE/G-29251-0

Level benefits for life of coverage and rates guaranteed not to change for 20 years.

The AIChE Group 20-Year Level Term Life Insurance Plan may be the easiest way to help make sure your family has the appropriate financial security. You have access to a plan designed exclusively for Chemical Engineers, up to $2,000,000 of coverage, at affordable, members-only rates.

Act now to start or supplement your life insurance program. You'll be helping to secure the future of the ones you love.

Affordable Rates

Receive access to economical rates that are guaranteed not to increase for 20 years.

Substantial Coverage Limits for Member & Spouse and child(ren)

Choose from $100,000 to $2,000,000 of protection for you and your spouse. (Spouse coverage may not exceed member coverage.) Child(ren) can be covered for $10,000 each child.

Renewable Until Age 75

Renew your coverage until age 75.*

Savings Available

Preferred Rates for Qualifying Non-Smokers.  The plan features three rating tiers: Preferred, Select and Standard rates.  Qualifying non-smokers receive our lowest Preferred rates.  Other non-smokers may qualify for affordable Select or Standard rates.  Smokers are rated Standard.

High Volume Discount applied for coverage amounts of $250,000 or more. Rates drop even lower above $500,000.

Living Benefit Option or
'Accelerated Death Benefit'

 

Request up to 50% of your benefit face amount and spend it as you choose when terminally ill.**

 

One Exclusion
Suicide within the first 12 months of coverage.

Claims Incontestable After Two Years

Claims cannot be denied for any reason (except plan provisions related to eligibility and non-payment of premium) once your policy has been in force for two years

Coverage Travels
With You

Change jobs, move to another state or country, or retire and you will still be able to maintain this important protection provided premiums continue to be paid timely.

Send No Money Now

Simply complete and send in the application.  You will be billed upon approval. 

 

*At the end of the initial 20-year period, you and your insured spouses coverage can continue at your then attained age and premiums will increase as you age at non guaranteed rates.  Or, you may reapply for a successive 20-year term of guaranteed rates under a new certificate insurance.  Rates for subsequent 20-year terms will be based on the insured person's attained age, health and smoking status at the time coverage becomes effective and will be guaranteed for a new 20-year term. (This would be a replacement of your prior Certificate of Coverage and be subject to all contract terms and conditions.)


**Premiums do not reduce and the remaining face amount is payable to your beneficiary upon death. (Not available to residents of Massachusetts.)

   

About New York Life Insurance Company

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 possible ratings for financial strength currently awarded to any life insurer by all four major ratings agencies: A.M. Best (A++), Fitch Ratings (AAA), Standard & Poor's (AA+), and Moody's Investors Service (Aaa).*

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 plans it underwrites are available in all jurisdictions. Please check the applicable eligibility page for current availability.

*Source: Third Party Ratings Report as of 8/13/14.

New York Life's state of domicile is New York, and NAIC ID # is 66915.

 X-9300-1014