New! Group Level Term Life Insurance Program
ReliaStar Life Insurance Company of New York, one of the ING family of companies, is the new insurer of the association sponsored Level Term Life program. The program offers members three insurance options: 10 Year Level Term, 20 Year Level Term and Annual Renewable Term.
You may apply for amounts from $200,000 up to $1,000,000 with the 10 & 20 Year Level Term Plan!
Rates for the first 10 or 20 years of your coverage are locked in so that you do not experience increases in premium as you get older*. This results in substantial premium savings during the life of the coverage. After the initial 10 or 20 year term period, you can reapply for coverage at your then attained age or transfer to the regular term life program if you no longer qualify through underwriting.
You may also insure your spouse and your eligible employees may apply for coverage as well.
For members who wish to apply for amounts from $50,000 to $150,000, a traditional annual renewable term plan is available.
Level Term Life Insurance is underwritten by ReliaStar Life Insurance Company of New York.
Policy form NYAPOL2.
*The initial premium will not change for the first 10 or 20 years unless the insurance company exercises its right to change premium rates for all insureds under the group policy with 90 days written notice.