Level Term Life Insurance

Let’s face it. No one likes to think about the possibility of death. But not thinking about it puts your loved ones at risk. How would they cope financially in the event of your passing?

AAO-Endorsed Group Level Term Life Insurance provides support for your family when you no longer can.

You can use the benefit to:

  • Pay for funeral costs
  • Help meet ongoing living expenses
  • Pay off outstanding debt, including car loans and the mortgage
  • Help finance future needs like a college education

Apply Online

Applying for coverage through the AAO-Endorsed Insurance Program is easy. Click below to start the online application process today.

Get Started

Real-Life Story

On a trip to New Zealand in 2015, Dr. Richard Barnett’s wife was killed in a car accident. Discover how AAO-Endorsed Group Term Life Insurance helped Dr. Barnett through this trying time.

 

 

Plan Overview

Highlights of the AAO-Endorsed Level Term Life Insurance Plan include:

  • Wide-range of coverage amounts: Choose any amount you need, from $100,000 to $3,000,000 in $10,000 increments
  • Level coverage and rates: Your benefit amount will never decrease—nor will your rate increase—for the entire 10- or 20-year term of your policy
  • Discounts available: Receive volume discounts when you apply for $500,000 or $1,000,000 of coverage
  • Lower rates for a healthy lifestyle: If you’re healthy, you may qualify for our Preferred Rate, a substantial savings from the already affordable Standard and Select Rates
  • Accelerated death benefit included: Withdraw up to 50% of your death benefit before your passing if you are diagnosed with a terminal illness
  • Spouse and dependent coverage available: Apply for up to $1,500,000 for your lawful spouse, and up to $10,000 for your eligible dependent

For additional details, refer to the AAO-Endorsed Group Level Term Life Insurance brochure.

Is AAO-Endorsed Group Level Term Life Insurance Right for You?

AAO-Endorsed Group Level Term Life Insurance is a great option for individuals and families wanting temporary coverage. For instance, you may decide you only need coverage until your house is paid off or your children move out. Rather than increasing every year, your premium remains constant for the entire 10- or 20-year term of your policy. For this reason, you can lock in a very affordable rate, especially if you are young and healthy. However, depending on your age, health, and specific needs, AAO-Endorsed Group Term Life Insurance may be a better option. Give us a call at 800.622.0344. We’ll help you weigh your options.

Insurance Carrier

New York Life Insurance Company (New York Life) is a leader in the association group insurance field, providing life and health insurance plans for associations. The company has an enduring commitment to its customers' financial security. Regardless of the state of the economy or the stock market, New York Life bases its financial decisions on the guiding principle of serving its clients. New York Life has received the highest ratings for financial strength currently awarded to any life insurer from the leading independent ratings agencies, including A.M. Best (A++ as of 6/1/2014).

Address
New York Life
State of Domicile:  New York
NAIC ID #66915
51 Madison Avenue
New York, NY 10010 USA

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the plan details for current availability.

This is a brief summary of benefits only and is subject to the terms, conditions, exclusions, and limitations of Group Policy No. G-14243 and G-14244, on Policy Form (GMR/FACE/G-14243 and G-14244). Coverage may vary or may not be available in all states.