Term Life Insurance to Age 90 At-a-Glance

As its name implies, Term to Age 90 is pure insurance protection guaranteed renewable each year until the policy owner reaches age 90.

Generally a more affordable form of life insurance, term coverage provides pure insurance protection only. It does not accumulate cash value, nor is it eligible for dividends.

The premiums for Term to Age 90 are guaranteed to remain level in years one through ten of the policy. Beginning with the 11th year, premiums increase annually.

You may convert all or part of a Term to Age 90 policy into permanent, cash value insurance without providing evidence of insurability.

Term to Age 90 can be appropriate when substantial coverage is needed for a relatively short period of time. If the insured were to die, insurance proceeds could be used to help pay a mortgage, fund a child's education or ensure business continuation by helping to cover business expenses.

What can Term to Age 90 do for you?
Term to Age 90 life insurance provides pure insurance protection that can be suitable in a number of situations. Some examples:

• Short-term need for protection: Term to Age 90 is often used to protect needs that last for a well-defined period, such as a loan. 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: Term to Age 90 can be the solution when protection is essential, but dollars are scarce. People in their 20s and 30s may purchase a Term to Age 90 policy and later convert it to a permanent plan. The conversion privilege guarantees their insurability at a later date — even if they become uninsurable.

How does it work?

• A life insurance agent will help you determine the amount and type of insurance needed to cover a short-term insurance need. (You may also use New York Life's Life Insurance Calculator for your own information.)
• Premiums to learn more on your own.)
• During the first 10 years, the premium is guaranteed to remain level. Beginning in year 11, the premium increases annually.
• You can convert all or part of the policy into permanent life insurance without having to furnish evidence of insurability. Permanent insurance builds cash value and is eligible for dividends.
• When you die, the company pays your beneficiaries the death benefit. This money is generally free from federal income tax.

Term to Age 90 Insurance means...

• Pure life insurance protection.
• Guaranteed renewable life insurance through age 90.
• A guaranteed death benefit, generally free from federal income tax.
• The ability to convert all or part of the policy to permanent cash value insurance, without having to furnish evidence of insurability, or proof of your good health.

This product is offered through NYLIFE Insurance Company of Arizona, a subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. It is not available in every state. Please check with your agent on its availability in your state.

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