Underwritten by New York Life Insurance Company
Life Insurance you and your family can count on: One of the most economical ways to provide for your family if you or your spouse were to die prematurely is with term life insurance. No costly savings features, no high administrative expenses … just pure life insurance. The challenge is to find an affordably priced plan that also includes the backing and stability of a highly rated insurance company in which you can be confident.
With the ASM Group 10–Year Level Term Life Insurance Plan, members may be able to lock in the financial security provided by term life insurance—at a price that’s GUARANTEED to remain the same for a full 10 years, and with a high benefit level that’s GUARANTEED to remain level, while you’re covered under the plan.
The U.S. (except OR, SD and territories) and Puerto Rico.
View the Forms section and download a no–obligation application and brochure containing detailed plan information and plan provisions, including costs, exclusions, limitations, and terms of coverage
|Where available||United States (except OR, SD and territories) and Puerto Rico.|
|Notes||Members under age 65, their lawful spouse under age 65, and unmarried dependent children ages 14 days - 22 years (24 if a full-time student).|
|Type of Insurance||Group 10-Year Level Term Life Insurance|
|Underwritten by||New York Life Insurance Company|
|Group Policy Number||G-29194-0|
We're here to help! Please contact us in whatever manner is most convenient for you.
12421 Meredith Drive
Urbandale, IA 50398
M-F 7:30a - 6p CT
Answers about the program, including eligibility, options, customer service and more.
Who is the plan underwriter?
How much life insurance should I consider?
Some insurance experts suggest that you purchase life insurance equal to five to nine times your current income. In addition, you should consider how much your dependents will need to maintain their lifestyles.
Who is eligible for this insurance?
How much insurance can I request?
Are any discounts available?
Two discounts may be available:
Will I meet with a salesperson?
Issuance of this coverage is handled over the Internet and by mail. You can review the materials in the privacy of your home and purchase your coverage directly through the mail without meeting with a salesperson. You can, of course, talk to a licensed representative if you’d like. Please view the Contact Us section for the Program Administrator’s toll–free number.
When is the coverage effective?
Insurance will take effect on the date your application is approved by New York Life Insurance Company, provided the initial premium contribution is paid within 31 days after the date you are billed (send no money now) and any person to be insured is performing the normal activities of a person in good health of like age on the date of approval.
Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible.
Note: Residents of NC: Any reference to “performing the normal activities of a person in good health of like age” are replaced by the requirement that the health status of any proposed insured person remains the same as stated in your application.
When does the coverage end?
Coverage will end when the insured person reaches age 75 (23 for children, or 25 for children who are full–time students), or earlier if: (a) premium contributions are not paid when due; (b) the group plan is terminated or modified by the Policyholder to end insurance for the group of insureds to which you belong or; (c) the insured requests to terminate insurance. In addition, dependent child coverage will terminate when the child ceases to be an eligible dependent. Upon your death, coverage for your insured dependents may continue as described in the Certificate of Insurance.
Are there any exclusions?
No. Benefits are paid for death from any cause, at any time, anywhere in the world. The validity of any amount of your life insurance which has been in force for two years during an insured’s lifetime will not be contested except for insurance eligibility provisions and non–payment of premium contributions.
How does the Accelerated Death Benefit work?
What if I have second thoughts after I apply?
When you become insured, you will be sent a Certificate of Insurance summarizing you benefits under the Plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund – no questions asked!