20-Year Level Term is not available in all states.

20-Year Level Term is temporary life insurance protection. Premiums for a 20-year level term policy are guaranteed to remain level for the first 20 years. The premiums increase each year beginning in the 21st year and are guaranteed.

Like all term insurance, 20-Year Level Term provides pure insurance protection only. It does not accumulate cash value, nor is it eligible for dividends.

You may convert all or part of a 20-Year Level Term policy into permanent, cash value insurance without providing evidence of insurability.

What can 20-year level term life mean to you?
20-Year Level Term Life Insurance can be adapted to fit a wide range of needs, including:

• A long-term need for substantial protection:
  20-Year Level Term can be appropriate when you need substantial coverage for an extended period of time such as a mortgage. For business owners, it can be used to cover outstanding loans, shielding partners from financial hardship in the event of the loss of another partner.
• Large insurance need, limited budget:
  20-Year Level Term may be the solution when protection is essential, but dollars are scarce. People in their 20s and 30s may purchase a 20-Year Term policy and later convert it to a permanent plan.

How does term life insurance work?

• A life insurance agent will help you determine the amount and type of insurance needed to cover your specific insurance need. (You may also use New York Life's Life Insurance Calculator for your own information.)
• Premiums are guaranteed to be level for the first 20 years. In year 21, the premium increases annually and are guaranteed.
• The policy is guaranteed renewable at the end of 20 years.
• When you die, the company pays your beneficiaries the death benefit. This money is generally free from federal income tax.

20-year level term insurance means...

• Life insurance protection that may be an ideal way to provide a substantial amount of coverage for an extended period of time.
• Guaranteed level premiums for the first 20 years.
• A guaranteed death benefit, generally free from federal income tax.
• An Original Age Term Conversion privilege available to the tenth policy anniversary.
• An Attained Age Conversion available until age 30 or the 10th policy anniversary, whichever is later.

Click here to get the full product details about 20-year level term life insurance.

Issued by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.

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