Sep 16, 2014

Group Term Life Insurance Highlights

Underwritten by New York Life Insurance Company on policy form GMR-FACE/G-11082-0

Our most popular, economical plan: annual renewable term life.

The AIChE Group 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 $1,000,000 of coverage, at affordable, members-only group 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 Group Rates

 

Receive access to economical group rates that are expected to remain constant during 5-year age bands.

 

Guaranteed Renewable

 

Renew your coverage until age 100, regardless of changes in your health.

 

Substantial Limits for Member & Spouse

 

Choose from $10,000 to $1,000,000 of protection for you and your spouse. (Spouse coverage amount may not exceed member coverage amount.)

 

Savings Available

 

Non-Smoker Discount if you or your spouse have not used tobacco or nicotine in any form for the past 12 months.

 

 

High Volume Discount applied for coverage amounts of $300,000 or more. Rates drop even lower above $550,000.

 

 

Premium Credit granted when the group's financial experience is favorable.* A 20% premium credit is in effect through October 31, 2011.

 

Living Benefit Option or "Accelerated Death Benefit"

 

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

 

Premiums Waived During Disability

 

If you become totally disabled, after six months your premiums can be waived.

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.

 

 

*Premium credits are not guaranteed, but have been given each year since 1971. 
**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 from some of the industry's principal rating agencies: A.M. Best (A++), Fitch Ratings (AAA), Standard & Poor's (AAA), 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 1/6/11.

http://www.newyorklife.com. Click on the About New York Life link and then click "What the Rating Agencies Say" for the most up-to-date rating information.

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

X-9298-0711