Group 10-Year Level Term Life Insurance
THE MISSING PIECE TO HELP SECURE THE FUTURE
Your loved ones are counting on you.
Think about what your family would need to maintain their current standard of living if you were no longer there to help provide for them. Your income is most likely critical to meeting monthly expenses like your home mortgage, school loans, and car payments. Life insurance can help cover these monthly expenses, and more, in addition to planning for your children’s college education and your spouse’s retirement even after you’re gone. Don’t skip the chance to safeguard the ones you love. You’re on the line for this one.
With ASCE Group 10-Year Level Term Life Insurance, you'll have access to the following benefits:
- Apply for up to $2,000,000 of member and spouse coverage.
- Specially negotiated rates.
- Expected level premiums for 10 years with no increases due to age and benefits remain level through the term of the policy.
- Portable coverage that can stay with you.
- Eligibility for automated underwriting that allows the carrier to make an underwriting decision in real time if you’re under age 65 and applying for $500,000 or less in coverage*
- No exclusions after coverage is validly in force for two years; benefits are payable for death from any cause, at any time, anywhere in the world (subject to U.S. government regulations on restricted countries).
*QuickDecisionSM processing can offer an immediate decision about your application. This approval is conditional on confirmation of your association membership status and coverage limit eligibility. A referral decision may be given if an underwriter needs to review your application and may reach out to confirm the information with you. If you are not approved for insurance through QuickDecisionSM processing, you may still be eligible to apply for coverage using standard underwriting. May not be available in all states.
Life Insurance Rate Quote
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Your Rates
Group 10-Year Level Term Life
| Annual Rate | ||
|---|---|---|
| Group Term Life | - not available - | - not available - |
| Group 10-Year Level Term Life Preferred | - not available - | - not available - |
| Group 10-Year Level Term Life Select | - not available - | - not available - |
| Group 10-Year Level Term Life Standard | - not available - | - not available - |
Group 20-Year Level Term Life
| Annual Rate | ||
|---|---|---|
| Group Term Life | - not available - | - not available - |
| Group 20-Year Level Term Life Preferred | - not available - | - not available - |
| Group 20-Year Level Term Life Select | - not available - | - not available - |
| Group 20-Year Level Term Life Standard | - not available - | - not available - |
For Super Preferred rates, please call 800.650.ASCE (2723) to speak with a representative.
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Level Term Life premium is based on the member’s age and the spouse’s age, amount of insurance requested and health status. While the premium rates are expected to remain level for the specific term of the policy you choose (10 or 20 years), New York Life Insurance Company has the right to change rates on a class-wide basis. For example, a class is a group of insureds with the same age, gender or risk class.
Lower non-smoker rates—If you and/or your spouse meet the highest underwriting standards, including qualifying as a non-smoker, you may qualify for Preferred (the coverage's best) rates available for benefits $500,000 and below. Other non-smokers may qualify for Select (higher, but still exclusively priced) or Standard (the coverage's highest) rates. A Super Preferred Rate is available for benefits at $501,000 and above for applications that are fully medically underwritten. If eligible with QuickDecisionSM, you may qualify for either the Preferred, Select, or Standard rates. (See Annual Premium Rate Tables for details)
The ASCE Group Life coverages are underwritten by New York Life Insurance Company, 51 Madison Avenue, NY, NY 10010, under group policy GMR, Policy Numbers GMR-G-10500-1/FACE, GMR-G-29137-0/FACE, GMR-G-29253/FACE.
More Information
Eligibility
You are eligible to apply for $100,000 to $2,000,000 (in multiples of $10,000) of ASCE Group 10-Year Level Term Life Insurance for both you and your lawful spouse if:
- You're an ASCE member in good standing
- You and your spouse (if proposed for insurance) are under age 70
- You and your spouse are able to perform the normal activities of a person in good health and like age (MD and NC residents: perform the normal activities of a person of like age)
- You and your spouse reside in the United States (except territories), Puerto Rico, or Canada (except Quebec).* Each unmarried, dependent child from age 14 days through 22 years (24 for full-time students) may also be insured for $10,000.
*Please refer to the policy brochure for more information. Certain state eligibility restrictions apply.
Frequently Asked Questions
Who is this policy underwritten by?
The ASCE 10-Year Level Term Life Insurance Plan is underwritten by New York Life Insurance Company, under Group Policy No. G-29137-0, on Policy Form G-29137-0/GMR-FACE.
How much life insurance do I need?
Some insurance experts suggest that you purchase life insurance equal to seven to ten times your current income. In addition, you should consider how much your dependents will need to maintain their lifestyle.
Who is eligible for this insurance?
ASCE members and their lawful spouses under age 70 may apply. Also, all unmarried dependent children ages 14 days through 22 years (24 if a full-time student). In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid. A dependent who is also an ASCE member is eligible for either member or dependent coverage, but not both. If both member and spouse are covered as members, neither may insure the other as spouse and only one may insure any eligible children.
How can I get my application processed faster?
If you’re under age 65 and applying for $500,000 or less in coverage, your application will automatically go through an automated underwriting process which allows the carrier to make an underwriting decision in real time.
Note: QuickDecisionSM processing can offer an immediate decision about your application. This approval is conditional on confirmation of your association membership status and coverage limit eligibility. A referral decision may be given if an underwriter needs to review your application and may reach out to confirm the information with you. If you are not approved for insurance through QuickDecisionSM processing, you may still be eligible to apply for coverage using standard underwriting. May not be available in all states.
How much insurance can I request?
- Members—$100,000 to $2,000,000 in $10,000 multiples.
- Spouse—$100,000 to $2,000,000 in $10,000 multiples.
- Child(ren)—$10,000 per child.
Note: The total amount of coverage an individual may request under all group life insurance plans underwritten by New York Life Insurance Company may not exceed $2,000,000.
Are any discounts available?
Two discounts may be available:
- Volume Discount—If you or your spouse becomes insured for coverage amounts of $250,000 through $490,000, you'll receive a volume discount; amounts of $500,000 through $999,000 will receive a bigger discount; amounts of $1,000,000 through $2,000,000 will receive an even bigger discount
- You May Pay Less If You're a Qualified Nonsmoker—If you and/or your spouse meet the highest underwriting standards, including qualifying as a non-smoker, you may qualify for Preferred (the coverage's best) rates available for benefits $500,000 and below. Other non-smokers may qualify for Select (higher, but still exclusively priced) or Standard (the coverage's highest) rates. A Super Preferred Rate is available for benefits at $501,000 and above for applications that are fully medically underwritten. If eligible with QuickDecisionSM, you may qualify for either the Preferred, Select, or Standard rates. (See Annual Premium Rate Tables for details)
Carrier
New York Life Insurance Company
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 Insurance Company has received the highest ratings for financial strength currently awarded to any U.S. life insurer by all four major rating agencies including Moody’s Investor Service (Aaa), Standard & Poor’s (AA+), Fitch Ratings (AAA), and A.M. Best (A++).*
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 sections for current availability.
- Address
-
New York Life
State of Domicile: New York
NAIC ID #66915
51 Madison Avenue
New York, NY 10010 USA
*Individual Third Party Ratings Reports (as of 11/17/23)
Apply Online
It has never been easier to apply for coverage through the ASCE Member Insurance Program.
Forms
Brochure
Group 10-Year Level Term Life Insurance Plan Brochure
Rates
Group 10-Year Level Term Life Insurance Plan Rates
Application
Group 10-Year Level Term Life Insurance Plan Application (download and mail)
Supplements
What To Expect During Underwriting
Group 10-Year Level Term Life Insurance Plan Change of Beneficiary Form
Group 10-Year Level Term Life Insurance Plan Accelerated Death Benefit Form
Group 10-Year Level Term Life Insurance Plan Death Claim Form
Group 10-Year Level Term Life Insurance Plan Survivorship Affidavit
Contact Us
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or email:
CustomerService@ASCEinsurance.com
Or, use Chat Now and you can speak with an ASCE insurance specialist during regular business hours.
Products
Disclaimer
This coverage is underwritten by New York Life Insurance Company, under Group Policy No. G-29137-0, on Policy Form G-29137-0/GMR-FACE.
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 policies it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability.
New York Life’s state of domicile is New York, and NAIC ID # is 66915.
SMRU: 6563364