Guaranteed Group Term Life Insurance coverage of $50,000. A quick, guaranteed way to get additional life insurance coverage in place. Coverage cannot be denied due to your health. Must be age 50 or younger when applying. GEBA’s coverage is issued by New York Life Insurance Company, one of the most respected life insurance companies in the nation since 1845.
Life brings unexpected risks – the best thing you can do is help protect your loved ones are financially covered in case something happens to you.
- Expenses at the time of your death: medical bills and funeral/burial costs
- Ongoing and future family expenses
- Pay mortgage, credit card debt, car or student loans, etc.
- Assist with family education costs
Current 2022 Cost of Coverage
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*To qualify for this offer, you must be a U.S. citizen, 50 years or younger, and a civilian federal employee or military, and not previously declined for coverage. This coverage is not available to sponsored family members. Cost increases as the member grows older. Coverage reduces starting at age 65. Visit here for current Group Term Life Insurance Premiums.
Coverage will reduce for members upon attaining age 65 as follows: age 65 coverage amount reduces to 50% of benefit, age 70 coverage amount reduces to 30%, age 75 coverage amount reduces to 15%, age 80 coverage terminates. Premiums do not reduce.
The NEW YORK LIFE Box Logo is a registered trademark of New York Life Insurance Company and is registered in the United States and in other countries around the world.
Group Term Life Insurance underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy form GMR.
New York Life’s state of domicile is New York, and NAIC ID # is 66915.
New York Life is licensed/authorized to transact business in all 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.