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Five Year Level Premium Term

What Is It?

Affordability is key. Level Premium Convertible Term 5 insurance provides affordable life insurance protection where the premiums are guaranteed and remain level for the first five years. Starting in year six, premiums will increase annually.

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

Is It For Me?

Level Premium Convertible Term 5 from New York Life Insurance company can be appropriate when coverage is needed for a well-defined period of time.

Level Premium Convertible Term 5* can be the optimal choice when:

You need life insurance coverage, but also need to consider your budget
You need coverage for a well-defined period of time
You want to ensure your family is protected (insurance benefits can help pay a mortgage or fund a child’s education)
You want to protect your business (benefits can ensure business continuation by helping to cover business expenses)

Most importantly, Level Premium Term 5 offers a conversion privilege that is generally available for 10 years (depending on issue age) giving you the ability to exchange your term policy to a permanent life insurance policy which can build cash value and may earn dividends, if declared (dividends are not guaranteed).

Our product and riders factsheets can give you more details.

* In Oregon, The Level Premium Convertible Term policy form number is 210-60.27. All guarantees are based upon the claims paying ability of the issuer.

Consult an Agent

Simply complete and send the form below, and a New York Life Agent in your area will contact you to discuss your options.

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Last name*
Address*
City*
State*

Zip*
Phone*

Phone Number Area Code - Phone Number First 3 Digits - Phone Number Last 4 Digits
Email
Birth Date

Date of Birth Month - Date of Birth Day - Date of Birth Year

Why?
(please click only once)
* = required

Comments

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Five Year Level Premium Term

What Is It?

Is It For Me?

Consult an Agent

Comments

Most Popular

“Basically, the younger you are, the lower the price will be to insure you.”

“What you put away for later will give you a big head start on the future.”

“Basically, the younger you are, the lower the price will be to insure you.”