Group Term Life Insurance
Underwritten by New York Life Insurance Company
This ACBA policy is particularly well-suited for younger lawyers looking to maximize their life insurance coverage at member-only rates. ACBA members, their spouse or partner can apply up to $1 million of coverage.
Find Your Rate
Your estimated premium:
$0.00/year
(or $0.00/month)
The initial cost for insurance is based on the attained age of the covered person when insurance becomes effective. The cost increases as the covered person grows older.
The total annual premium for all of your eligible dependent children, regardless of how many, is $13.80 for a $5,000 coverage amount each.
* Please call the Administrator for renewal rates starting at ages 65. Upon attainment of age 70, the amount of insurance in force decreases to the lesser of $100,000 or 50% of the amount in force prior to age 70. Upon attainment of age 75 amount of insurance in force decreases to the lesser of $50,000 or 50% of the amount in force prior to age 75. Amounts in force for dependent children do not reduce. Coverage for Member and Member’s Spouse terminates at age 80.
The premium contributions shown reflect the current rates and benefit structure. Premium contributions may be changed by New York Life Insurance Company on any premium due date and any date on which benefits are changed. However, your rates may change only if they are changed for all others in the same class of insureds under this group policy. For example, a class of insureds is a group of people all with the same issue age and tobacco/nicotine usage. Benefit option amounts are not guaranteed and are subject to change by agreement between New York Life and the policyholder.
Details:
- An Accelerated Death Benefit is included with your life insurance. This value-added Accelerated Death Benefit can help protect your financial security if you are diagnosed with a terminal illness*.
- Your premium payments will be waived if you become totally disabled for a period of at least six months prior to turning age 60.
For more information, including features, costs, eligibility, renewability, limitations and exclusions, please download the above brochure or call our licensed representatives at 855-874-0816.
*Please note that 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.
Get a Quote!
USI AFFINITY + NEW YORK LIFE
We have partnered with New York Life to provide these coverages at exclusively-negotiated rates. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch Ratings (AAA), Standard & Poor's (AA+) and Moody's Investors Service (Aaa). *Source: Third Party Rating Reports (as of 11/17/2023). The ACBA’s member-only insurance program is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy form GMR. 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 policy brochures for current availability. New York Life Insurance Company's state of domicile is New York, and NAIC ID # 66915.
Michigan Residents: I understand that I may use a producer/agent to assist me with the completion of this application at no cost to me.
AR Insurance License # 325944; CA Insurance License # 0G11911
#5029257.2