Term coverage is the purest kind of life insurance, with no costly savings features. Here's level term life insurance you can depend on with premiums that will not go up for a full 10 years and benefits that will never go down*.
|Where Available||All States and District of Columbia|
|Notes||The State Bar of California licensed attorneys under age 70 may request coverage for themselves and their lawful spouses or domestic partners under age 70. In order to become insured, satisfactory evidence of insurability must be provided, and the required premium must be paid.|
|Type of Insurance||Group 10-Year Level Term Life Insurance|
|Designed for||The State Bar of California licensed attorneys (spouses and domestic partners covered as licensed attorneys)|
|Underwritten by||New York Life Insurance Company
|Group Policy Number||G-30922-0|
|Volume Discounts||$250k through $475k; $500k through $975k; $1Million through $3Million|
|Risk Classes||Preferred Plus, Preferred, Standard, Preferred Tobacco/Nicotine and Standard Tobacco/Nicotine|
|Issue Ages||Through age 69|
|Coverage Amounts||$100,000 to $3,000,000 in $25,000 increments|
*This is a listing of some of the general provisions of the coverage. For more information, including features, costs, eligibility, renewability, limitations and exclusions, download the brochure on the right.
These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.
Answers about the program, including eligibility, options, customer service and more.
By whom is this plan underwritten?
This plan is underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010, under Group Policy No. G-30922-0 on Policy Forms GMR-FACE/G-30922-0.
New York Life Insurance Company 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 website, brochure or contact the Plan Administrator for current availability. New York Life's state of domicile is New York, and NAIC ID # is 66915.
How much insurance should I consider?
Who is eligible for this insurance?
Available exclusively to licensed attorneys with The State Bar under age 70, who may request coverage for themselves and their lawful spouses and domestic partners under age 70. In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid. You can request coverage for your dependent children age six months through 25 years, for $5,000 each ($1,000 if under age 6 months).
A spouse or domestic partner who is also a licensed attorney with The State Bar is eligible for either licensed attorney or spouse coverage, but not both. If both licensed attorney and spouse are covered as members, neither may insure the other as spouse.
How does the Accelerated Death Benefit work?
The Accelerated Death Benefit option is available to help terminally ill insureds during a difficult and often financially challenging time. Under this provision you may request a one time advance payment equal to 60 percent (or $250,000, whichever is less) of your or your insured spouse’s or domestic partner current life insurance coverage. Your premiums will not be reduced.
This money can be used to help cover high prescription drug costs … medical bills … outstanding debts … to help pay for experimental treatments … the cost of modifications to your home … or for a family vacation—the choice is yours.
To qualify, a terminally ill insured must provide New York Life with proof of terminal illness (required: twelve months or less) as well as any other necessary medical information requested. For additional details and limitations, please see the Certificate of Insurance.
How much insurance can I request?
Licensed Attorneys – $100,000 to $3,000,000 in $25,000 increments.
Spouse/Domestic partner – $100,000 to $3,000,000 in $25,000 increments.
When does the coverage end?
A licensed attorney’s insurance will end the earliest of: the date this policy ends at the option of New York Life or the policyholder; the date the policy is modified to end insurance for the licensed attorney’s class; the end of the period for which the last premium has been paid for such licensed attorney; the licensed attorney’s premium due date coinciding with or next following the date the licensed attorney attains age 80 (26 for child); or the licensed attorney’s premium due date coinciding with or next following the date the licensed attorney ceases to be a member of the California State Bar.
Dependent coverage will end the earliest of the date the licensed attorney’s insurance ends under the group policy; the date the group policy is changed to end dependents’ life insurance; the date the person ceases to be dependent; or the end of the period for which the last premium has been paid for the dependent.
Will I meet with a salesperson?
When is the coverage effective?
Each licensed attorney must give evidence of insurability satisfactory to New York Life. Subject to the requirements below, the licensed attorney will be insured on the first day of the month coinciding with or next following the date New York Life approves the request.
A licensed attorney/spouse must be able to perform the normal activities of a person in good health of like age on the date the insurance is to take effect. If not, such insurance will take effect on the day the licensed attorney/spouse resumes such activities.
A licensed attorney/spouse might be hospitalized on the date the insurance takes effect. If so, insurance will take effect on the day after discharge.
Are there any discounts available?
Are there any exclusions?
After coverage is in force for two years, benefits are payable for death from any cause, anywhere in the world. If a covered person commits suicide within two years from the date the insurance takes effect, the benefit payable will be limited to the premiums paid.
What if I have second thoughts after I apply?
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 - 5p CT
| Application Mailing Address
The State Bar of California Insurance Program
P.O. Box 14464
Des Moines, IA 50306-8993