Group Term Life Insurance

Protect your loved ones from the unexpected.

If something were to happen to you, would your family be able to pay for daily expenses? What about future expenses? 66% of Americans say the top reason for owning life insurance is to help replace lost wages or income of a wage earner.1 When an employer makes Group Term Life Insurance from New York Life available, it can provide a safety net for employees and their families should the worst happen.

Consider Group Term Life Insurance if you’re looking for:

  • Coverage in the event of your death or the death of a family member
  • A federal-income tax free benefit to your beneficiaries
  • Access to New York Life financial professionals providing personalized guidance

What is Group Term Life Insurance?

Your income is one of your most valuable assets. Group Term Life Insurance protects this asset by providing coverage for yourself as well as eligible family members, should the unexpected occur.

Prepare for tomorrow, today

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Family friendly

Coverage can be made for employees and their family members.

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Cost-effective solution

During prime working years, Group Term Life offers premiums that are generally lower than the cost of permanent life insurance.

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An added safety net

Policies can help pay bills, pay off debts, or cover final expenses.

Group Term Life Insurance Benefits

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Income tax-free benefit

Protect and provide for the ones you love. Cover family members with an income tax-free benefit.

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Accelerated Death Benefit

A portion of the death benefit may be paid upon diagnosis of a terminal illness with a life expectancy of 12 months or less.2

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Accidental Death & Dismemberment

Add this additional coverage to provide protection in the event of an accident that results in severe injury or death.

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Income tax-free benefit

Protect and provide for the ones you love. Cover family members with an income tax-free benefit.

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Accelerated Death Benefit

A portion of the death benefit may be paid upon diagnosis of a terminal illness with a life expectancy of 12 months or less.2

Father holding and kissing his young daughter in the kitchen.

Coverage if you need it. Peace of mind that you have it.

Employer provided life insurance, like New York Life’s Group Term Insurance, offers valuable protection for you and your loved ones.

Father holding and kissing his young daughter in the kitchen.

Group Term Life Insurance Benefits

Icon/Income

Income tax-free benefit

Protect and provide for the ones you love. Cover family members with an income tax-free benefit.

Icon/Heart

Accelerated Death Benefit

A portion of the death benefit may be paid upon diagnosis of a terminal illness with a life expectancy of 12 months or less.2

Icon/Roses

Accidental Death & Dismemberment

Add this additional coverage to provide protection in the event of an accident that results in severe injury or death.

Icon/Income

Income tax-free benefit

Protect and provide for the ones you love. Cover family members with an income tax-free benefit.

Icon/Heart

Accelerated Death Benefit

A portion of the death benefit may be paid upon diagnosis of a terminal illness with a life expectancy of 12 months or less.2

Icon/Roses

Accidental Death & Dismemberment

Add this additional coverage to provide protection in the event of an accident that results in severe injury or death.

Icon/Roses

Accidental Death & Dismemberment

Add this additional coverage to provide protection in the event of an accident that results in severe injury or death.