Level Term Life Insurance

Benefits Up to $4,000,000

This group program allows you to select the amount of term life insurance coverage that best fits the financial needs of your family. As an eligible physician, you and your eligible spouse or domestic partner can each apply for coverage from $100,000 up to $4,000,000.

Level Term Period – Rates Guaranteed for 10, 15, or 20 Years

You select the level period that makes sense for you and your family’s personal protection needs – 10 years, 15 years or 20 years. The rate you are approved for is the rate you keep for the entire level period. There are no annual rate increases during your chosen level period, guaranteed.

How Rates are Determined

This program’s rates are based on various factors including your lifestyle, health history, and the company’s underwriting guidelines. Four (4) rate classes are offered:

• Preferred Plus rates are this plan’s lowest rates. They’re designed for physicians who have not used tobacco in any form during the past 12 months and whose lifestyle and health history meet the Preferred Plus underwriting guidelines.
• Preferred rates are for physicians who have not used tobacco in any form during the past 12 months and whose lifestyle and health history meet the company’s Preferred underwriting guidelines.
• Standard rates are for individuals who have not used tobacco in the past 12 months.
• Tobacco rates are for individuals who have used tobacco in the past 12 months. Rates for tobacco users are very competitive.

Note: In Montana, females pay male rates.

Up to $1,000,000 in “Accelerated Death Benefits”

You can request up to 75% of your basic benefit amount – up to a $1,000,000 maximum – to use any way you wish if you are diagnosed by your attending physician as having no longer than 24 months to live. In addition, your premium payments will be waived during the 12-month period following payment of this benefit. This added feature is provided at no additional cost to you. ‘Living Benefit’ payments are deducted from your total death benefit. Please note: “Living Benefits” may be taxable. Please consult with your personal tax advisor for details.

Optional Features to Tailor Your Coverage

Waiver of Premium

If you become totally disabled after the effective date of coverage, before age 60, and the disability lasts for at least six consecutive months, your premium payments will be waived up to age 65. To take advantage of this option, you must apply and be approved for coverage before age 56. Coverage for this option terminates at age 60.

Accidental Death and Dismemberment Coverage

This optional coverage provides additional insurance protection up to a $1,000,000 (not to exceed your basic life insurance benefit) if death is caused by a covered accident. In addition, benefits are payable for loss of limbs or loss of use of limbs, or loss of sight due to a covered accident. Coverage for this option terminates at age 75.

$25,000 Child Coverage

For an additional $60 a year, you or your spouse (but not both) can cover each of your eligible dependent children with $25,000 of life insurance protection and $25,000 Accidental Death & Dismemberment insurance. Eligible children include all dependent children age 14 days through age 26. Dependent child coverage is subject to state variations.

Underwritten by:

New York Life Insurance Company
51 Madison Avenue, New York, NY 10010
On Policy Form GMR-FACE/G- 30612-0
(10 Year), G-30614-0 (15 Year), G-30615-0 (20 Year)
Under Group Policy No. G-30612-0 (10 Year),
G-30614-0 (15 Year), G-30615-0 (20 Year)

NEW YORK LIFE and the NEW YORK LIFE
Box Logo are trademarks of New York Life Insurance
Company. Other trademarks are the property of their
respective owners.

If you are a physician or an actively engaged full-time medical student, or the spouse/domestic partner of such physician or student, under the age of 61 and you reside in the U.S. (except LA), you are eligible to apply for the AMA-sponsored 10, 15, or 20 year Level Term Life Insurance plan.

If you are a physician between the ages of 61-70, you and your spouse or domestic partner between the ages of 61-70, are each eligible to apply for the AMA-sponsored 10 year Level Term Life Insurance plan.

All applications are subject to medical underwriting and approval. Any required medical exam will be conducted at your convenience and at no charge to you. AMA membership is not required.

Your coverage will become effective on the 1st or 15th of the month coinciding with or next following the date your application is approved by New York Life Insurance Company. Coverage will be in force from the effective date, provided the premium is paid when due. A proposed covered person must not be hospitalized on the date the insurance is to take effect. If they are, the insurance will take effect on the day after they are discharged, provided they are still eligible.

At the end of your 10, 15 or 20 years period, you may apply for a new guaranteed premium then in effect for your attained age and risk class, as long as you are under age 61 (15 and 20 year level term life policies) or under age 71 (10 year level term life policy) and can provide satisfactory evidence of insurability.

On or after age 61 (15 and 20 year level term life plans) and on or after age 71 (10 year level term life plan), or if you cannot provide satisfactory evidence of insurability at the end of a 10, 15 or 20-year period, your coverage will continue based on premiums that will increase based on age on a yearly basis.

You can continue to renew your coverage through age 94 (through age 74 for AD&D). Coverage will end earlier if the group policy is amended to end, insurance for your class, or you fail to pay the premium when due. Coverage for your dependent children will end when your coverage ends or they are no longer eligible.

Life Insurance: Benefits paid for death due to suicide, while sane or insane, during the first two years of coverage (Missouri residents 12 months) are limited to a refund of total premiums paid.

Accidental Death and Dismemberment Insurance: No benefits will be paid for injury resulting from flight in aircraft unless traveling solely as a passenger – however, this passenger exception is not applicable if part of your job is to perform services in an aircraft for the purpose of medical transport; bacterial infections (except if such infections result from (1) accidental ingestion of contaminated material or (2) an accidental cut or wound) or any other kind of disease; war or any act of war, whether declared or not; mental or physical infirmity; medical, dental or surgical treatment that is not related to a covered accident; or suicide or intentionally self-inflicted injury while sane or insane (except for Missouri residents for whom suicide while insane is no defense to payment of accidental death benefits;) voluntary intake of alcohol or narcotics/controlled substances (unless taken as prescribed by a doctor other than yourself, business associate or family member).

Available in all states except Louisiana.