Birthday Term Life
LifeHelp's Birthday Group Term Life Insurance program offers affordable, low coverage group term life insurance that is marketed before a member's birthday to provide the best rate, enhancing participation and response.
10-Year Level Group Term Life Insurance from New York Life Insurance Company
is designed to help meet the income replacement needs of members age 18-54.
Coverage is available in amounts up to $100,000 in coverage with simplified
underwriting. Acceptance is based on answers to health questions, and no medical
or physical exams are required.
| Birthday Group Term Life (10-Year Level Term)* | |
|---|---|
| Underwriter | New York Life Insurance Company (NAIC 66915), 51 Madison Ave., New York, NY 10010 Rated A++ Superior by A.M. Best for financial strength |
| Eligible Ages | Members, spouses age 18–54 |
| Coverage Amount | $25,000 to $100,000 |
| Marketing | Direct mail in advance of member’s birthday |
| Underwriting | Simplified issue – 3 medical questions, no medical or physical exams for eligible members 18–54 for amounts up to $100,000 |
| Rates | Age, Gender (Select) and standard rate categories |
| Key Features | Affordable premiums Simplified issue underwriting to $100,000 for ages 18–54 Spouse/Domestic Partner & Child(ren) coverage |
| *Plan benefits, features & coverage are as specified in the master policy issued to the Trustee of the Financial Institution Group Insurance Trust on policy form GMR-FACE-G29141-0 and may not be available in all states. Coverage is made available through Cuenca & Associates Insurance Agency, dba LifeHelp, CA License No. 044 9782. These products are offerings for insurance, are not an obligation of or guaranteed by the Credit Union, and are not insured by the NCUA. | |