NYL GBS Voluntary Term Life
Plans are tailored to meet employers’ needs with a choice of basic (employer-paid) or voluntary (employee-paid) term life coverage, or a combination of the two.
NYL GBS Universal Life
Insurance combines the protection of life insurance with an option to build savings.
Among those who own life insurance, 1 in 5 people need more coverage.
Most consumers overestimate the cost of life insurance coverage by more than three times its actual cost.
Millennials overestimate the cost of life insurance by more than five times its actual cost.
61% of people don't buy (or don't buy additional) life insurance because they have other financial priorities.
Offers phone consultation, counseling referrals, online work/life support, and community services for many of life’s challenges. LAP is available to your employees, their household members, and beneficiaries receiving claim payments under NYL GBS Survivor Assurance.
A full-service financial wellness program that offers solutions for all types of personal financial needs. The program includes access to "money coaching" from experienced financial experts; identity theft resolution and protection; online will preparation; legal consultation referrals and discounts; educational webinars; access to a library of articles, tools, forms and tips; and more. MSA is available to your employees, their household members, and beneficiaries receiving claim payments under NYL GBS Survivor Assurance.
Provides employees and their families (including spouse/domestic partner, dependent children, parents, and parents-in-law) access to expert assistance with a wide range of healthcare and health insurance issues. Includes Medical Bill Saver™—a service to help participants negotiate discounts on out-of-pocket medical expenses over $400. Check with your employer to find out if this program is available to you.
1LIMRA, "2020 Insurance Barometer Study," 2020.
2 Programs are provided through third party vendors who are solely responsible for their products and services. Full terms, conditions and exclusions are contained in the applicable client program description, and are subject to change. Program availability may vary by plan type and location, and are not available where prohibited by law.
3 These programs are NOT insurance and do not provide reimbursement for financial losses. Some restrictions may apply. Employee assistance services are provided by or through Cigna Behavioral Health, Inc. Customers are required to pay the entire discounted charge for any discounted products or services available through these programs.
4 My Secure Advantage is NOT insurance and does not provide reimbursement for financial losses. Program is provided through a third-party vendor who is solely responsible for their products and services.
5 Health advocacy services are NOT insurance and this program does not provide reimbursement for financial losses. Health advocacy services are provided under a contract with Health Advocate, Inc. which is solely responsible for its products and services.
6 Counseling, legal or financial assistance programs are not available under policies insured by Life Insurance Company of North America. The Survivor Assurance Program for beneficiaries is available to beneficiaries receiving coverage checks over $5,000 from New York Life Group Benefit Solutions Life and Accidental Death and Dismemberment programs. SecureAssurnace accounts are not deposit account programs and are not insured by the Federal Deposit Insurance Corporation or any other federal agency. Account balances are the liability of the insurance company and the insurance company reserves the right to reduce account balances for any payment made in error. Counseling, legal or financial assistance and discount programs are not available in New York.
New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America and New York Life Group Insurance Company of NY, subsidiaries of New York Life Insurance Company.