Framing Your Family's Future: Family Protection Insurance
Picture This: a life insurance policy that provides protection on every member of the family
What Is It?
Family Protection Insurance is an innovative
10–year term plan that covers the
family using one policy. Like the
recently introduced Custom Whole Life
product, Family Protection Insurance is
unique — no other company has a term
product as comprehensive or as flexible.
One–Stop Shopping
Young families are often busy and
mindful of their budget. They’re also
looking for simplicity. That’s why Family
Protection Insurance offers "one–stop
shopping" with affordable life insurance
protection for the family.
Innovative Features:
Affordable term life protection for two
adults (including domestic partners).
$10,000 coverage for each child at
no additional cost — including
children yet to be born!
Ability to increase face amounts
for each adult by units of $50,000
($100,000 maximum) every other
year during the first ten years, up to
a total amount of term insurance of
$500,000 on each life.
Increases in face amount can
be made without evidence of
insurability and at original age
premium rate per thousand cost.
Conversion privilege allows adults
and children to buy permanent
insurance without proof of insurability.
After conversion to permanent
insurance, as long as there is at
least $100,000 of term insurance
left on each adult, the adults’
Family Protection term coverage
can be rebuilt.
During difficult times or hardship
situations, decreases in coverage
amounts are permitted.
Beneficiaries receive an extra
$200,000 should both adults die
within the first ten policy years
(does not have to be a simultaneous
death).
This product is not available in all states. Please contact a local New York Life agent for more information.
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