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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.
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.
Coverage can be made for employees and their family members.
During prime working years, Group Term Life offers premiums that are generally lower than the cost of permanent life insurance.
Policies can help pay bills, pay off debts, or cover final expenses.
Employer provided life insurance, like New York Life’s Group Term Insurance, offers valuable protection for you and your loved ones.
Protect and provide for the ones you love. Cover family members with an income tax-free 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
Add this additional coverage to provide protection in the event of an accident that results in severe injury or death.
Protect and provide for the ones you love. Cover family members with an income tax-free 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
Add this additional coverage to provide protection in the event of an accident that results in severe injury or death.
Approved claims are made within three days of receipt of necessary information.
New York Life has been protecting policy owners for over 175 years, in good times and bad.
Our trained financial professionals are here to help address your personal financial needs.
1 LIMRA Facts About Life 2019
2 Not to exceed the lesser of 80% of the insured person’s life insurance amount or $500,000.
New York Life Group Term Life Insurance is issued by New York Life Insurance Company.
New York Life’s Group Term Life Insurance with AD&D program may be subject to the Employee Retirement Income Security Act of 1974 (ERISA). You should consult with your tax and legal advisors regarding the applicability of ERISA to this program and your responsibilities, if any, under the program.
New York Life, its subsidiaries, agents, and employees do not provide legal or tax advice.
These policies have exclusions, limitations and terms under which the policies may be continued in force or discontinued. For costs and complete details of the coverage, please contact your New York Life agent or the company.
In Oregon, the Group Term Life policy form number is ICC16EB-Life-P.
SMRU 1908072
EB-MKT-1050