Your life insurance should offer you flexible options that allow you to choose the coverage that’s right for you. Learn how employee's whole life insurance offered through New York Life will help you purchase individual permanent life insurance through voluntary payroll deduction.
In cooperation with many employers, New York Life Insurance Company offers a program to help provide employees with insurance protection and financial security for themselves and their families. This program helps many people purchase individual permanent life insurance, New York Life Employee’s Whole Life, through a voluntary payroll deduction, and gain valuable protection.
This portable life insurance will stay with you whether you change jobs or retire. It’s easy to apply, it’s affordable, it’s available to you and your family, and the premiums are automatically deducted from your paycheck. The application includes few or no health questions, and there are no medical exams.
Your permanent Employee’s Whole Life policy premiums are guaranteed to never increase, your policy is guaranteed to grow cash value, and your policy will be eligible to earn dividends,1 which you can use to increase your coverage.
1Dividends are not guaranteed.
All guarantees are based on the claims-paying ability of the issuer. Employee’s Whole Life Insurance is issued by New York Life Insurance Company.
In Oregon, the policy form number for Employee’s Whole Life Insurance is ICC17217-52P.
This program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA). The employer does not contribute to or endorse the program. Employee participation is completely voluntary.