Group 20-Year Level Term Life

Group 20-Year Level Term Life  

Overview

Policy Highlights

Underwritten by: New York Life Insurance Company

Term coverage is the purest kind of life insurance, with no costly saving features. Here’s level term life insurance you can depend on for a full 20 years, with premiums that will not go up and benefits that will not go down*.

 

  • Available Exclusively to The State Bar of California Licensed Attorneys and Spouses/Domestic Partner Under Age 60: With the The State Bar of California Group 20-Year Level Term Life Insurance Plan, you can help protect your family from the unnecessary financial burdens of your or your spouse’s or domestic partner premature death.

  • Renewable Until Age 80: You can renew your life insurance under The State Bar of California Plan until age 80, subject to all Termination of Coverage provisions.

  • High Amounts of Licensed Attorney and Spouse/Domestic Partner Coverage: Build a plan to meet your needs, from $100,000 up to $3,000,000 (in $25,000 increments).

  • Competitive Group Rates That Remain Constant for 20 Years: Compare the premiums for The State Bar of California Group 20-Year Level Term Life Insurance Plan with similar level term life plans on the market today. You’ll probably be surprised at how much life insurance you can afford.

  • Take Advantage of Rate Classes and Volume Discounts: First, the Plan features "Preferred Plus," "Preferred" and "Standard" rates, which most nonsmoking (including tobacco/nicotine) State Bar of California licensed attorneys may qualify for. In addition, you can benefit from volume discounts when you apply for higher amounts of insurance.

  • Send No Money Until You’re Approved

  • Convenient Monthly Payment Option: A Preauthorized Check Payment Plan option offers a time-saving convenience.

  • Portable Coverage: The Plan offers portable coverage that can follow you throughout your career. Make all the career changes you want and still be able to maintain this valuable protection.

  • Living Benefit ("Accelerated Death Benefit"): Enables you to receive a portion of your benefits if you qualify as being terminally ill, subject to certain policy restrictions and limitations. These benefits are paid directly to you, and you may spend them any way you wish. (Note: The Accelerated Death Benefit may vary by state.)

 

How to Apply

Download your Group 20-Year Level Term Life Insurance Application from the Forms section of this site and follow the instructions. Be sure to review the Plan Details. Remember, only eligible State Bar of California licensed attorneys may apply.

 

Rates

To learn more about the rates of this program, see the Forms section.

 

Forms

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 

Insurance Application & Brochure (CA Only)

Insurance Application & Brochure (All Other States)
 
Beneficiary Change Form

Tell me more

Eligibility
 
Where Available All states and District of Columbia
Notes State Bar of California licensed attorneys under age 60 may request coverage for themselves and their lawful spouses or domestic partners under age 60. In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid.  
Plan Summary
Type of Insurance  Group 20-Year Level Term Life Insurance 
Designed for 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-30923-0
Risk Classes  Preferred Plus, Preferred, Standard, Preferred Tobacco/Nicotine and Standard Tobacco/Nicotine
Issue Ages  Through age 59 
Coverage Amounts  $100,000 to $3,000,000 in $25,000 increments 
*This is a listing of insurance plan highlights. Complete details, including features, costs, eligibility, renewability, limitations and exclusions are in the brochure and the certificate of insurance you receive upon approval.

SMRU# 1797220

Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

 

 Address
Mercer Consumer
12421 Meredith Drive
Urbandale, IA 50398
 Phone
1-800-343-0132
 Hours
 M-F 7:30a-5p CT
 Email
customerservice.service@mercer.com
 Application Mailing Address
The State Bar of California Insurance Program
P.O. Box 14464
Des Moines, IA 50306-8993

FAQs

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-30923-0 on Policy Forms GMR-FACE/G-30923-0.

     

    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 plans 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?

    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 lifestyle.

  • Who is eligible for this insurance?

    This Plan is available exclusively to licensed attorneys with The State Bar of California under age 60, who may request coverage for themselves and their lawful spouses and domestic partners under age 60. In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid.

     

    A spouse or domestic partner who is also a licensed attorney with The State Bar of California 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.

  • Are there any discounts available?

    Pay Less if You’re a Qualified Nonsmoker (not using any tobacco or nicotine product): Nonsmokers meeting the highest underwriting standards may qualify for "Preferred Plus" (the Plan’s best) rates. Other nonsmokers may qualify for "Preferred" or "Standard" rates.
  • What if I have second thoughts after I apply?

    When you become insured, you will be sent a Certificate of Insurance summarizing your 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!
  • 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 coverage end?

    A licensed attorney's insurance will end the earliest of: the date this policy ends at the option of New York or the policyholder; the date insurance ends 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; or the licensed attorney’s premium due date coinciding with or next following the date the licensed attorney ceases to be a licensed attorney.

     

    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.

  • When is the coverage effective?

    Licensed Attorneys must give evidence of their insurability satisfactory to New York. Subject to the requirements below, licensed attorneys will be insured on the first day of the month coinciding with or next following the date New York approves the request.

     

    Ability Requirement

    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.

     

    Out-of-Hospital Requirement

    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.

  • Will I meet with a salesperson?

    Issuance of this policy is handled over the Internet and the mail. You can review the materials in the privacy of your home and purchase your insurance directly through the mail without meeting with a salesperson. You can, of course, talk to a licensed representative if you’d like. Please call the Program Administrator at 1-800-343-0132.

     

  • 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’s current life insurance coverage.

     

    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 with proof of terminal illness and anticipated life expectancy (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.

     

    Please note that the receipt of Accelerated Death Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should consult with the appropriate social services agency and seek the advice of a qualified tax advisor.

  • Are there any exclusions?

    No 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 insurance takes effect, New York Life's liability will be limited to the premiums paid, plus interest.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.