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$50K Guaranteed Group Term Life Insurance
Trust GEBA - For Guaranteed Coverage. No Medical Questions, No Physical.
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 2021 Cost of Coverage
| Age* | Biweekly Premium | Monthly Premium |
|---|---|---|
| <31 | $1 | $2.17 |
| 31-40 | $2.00 | $4.33 |
| 41-50 | $3.00 | $6.50 |
| 51-55 | $6.00 | $13.00 |
| 56-60 | $11.00 | $28.83 |
| 61-64 | $15.00 | $32.50 |
| 65+ | $15.00 | $32.50 |
*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.
Coverage That Stays With You
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The Strength of New York Life
Benefits provided by an organization your peers have trusted for 65 years.
How Can We Serve You Today? Our Knowledgeable Member Services Staff Can Help!
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.
Bates: 1866327
GEBA is a nonprofit employee benefit association created by NSA employees in 1957. Our goal is to offer high quality insurance products at great prices that has our members’ best interests in mind. GEBA has been serving federal employees for over 60 years, and you can count on us to be there for you and your family.
GEBA membership is available to ALL civilian federal employees and retirees, including the military. Membership in GEBA is free and continues as long as you maintain a plan with GEBA.
