Sometimes, good things come to those who wait.
If you've put off applying for life insurance, you're in luck. As an eligible AVMA member, you may qualify for new, lower rates1 for 20-Year Level Term Life Insurance through the AVMA LIFE Trust.
Plus, if you are a new applicant under age 55 and request $500,000 or less in coverage, you won't need any medical exams or a doctor's visit—and you may get an underwriting decision as soon as today—with our new QuickDecisionSM (QD) process!2
Let's get real for a second: Life is not guaranteed from one day to the next. So, it's important to ask yourself:
"How would my loved ones cope financially if I were no longer in the picture?"
Level Term Life Insurance through the AVMA LIFE Trust can help provide financial support to your loved ones if you pass away. With 20-Year Level Term Life, your premiums are expected to remain the same—level—for the first 20 years you are insured, and your death benefit remains the same for the duration of coverage.
Because the rates for level term life insurance are not likely to change throughout the initial term of coverage, it can be a good choice for anyone looking for a consistent cost.
You may pay a bit more at first for this type of coverage when compared with other life insurance. But, since other types of life insurance can become more costly over time, you'll likely save money in the long run. That's why level term life coverage is often recommended for those who need help covering longer-term financial obligations, like a mortgage or college tuition.
For those who need help interpreting the insurance jargon or want coverage recommendations
Have more questions before you apply? Fill out the form below, and your AVMA LIFE agent will get in touch.
For more information about the coverage and services offered through the AVMA Trust, visit our websites: AVMA LIFE and AVMA PLIT.
1Effective September 1, 2023, New York Life repriced Level Term Life Insurance available to AVMA members. The new rates are lower for most age groups but vary based on policy amount, risk class, gender, and tobacco/nicotine use. The new rates are based on the actual experience (group buying power) of AVMA members.
2New applications for $500,000 or less of 20-Year Level Term Life Insurance are subject to QuickDecision (QD). QD is available to AVMA members and their spouses/domestic partners under age 55. Coverage is also available for dependent children under age 23. QD is not available to applicants who are age 55 or older; request a coverage amount greater than $500,000; or who request a coverage amount that, when combined with other coverage obtained through QuickDecision, exceeds a $500,000 lifetime QD. If an applicant is not eligible for QD, New York Life will process the application with full underwriting, which may include a medical interview or exams. Please review our QuickDecision (QD) Frequently Asked Questions.
Underwritten by New York Life Insurance Company, NY, NY 10010 on group policy form GMR.
New York Life 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 insurance it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability. New York Life's state of domicile is New York, and NAIC ID # is 66915.
For more details on your life insurance options, including features, costs, eligibility, renewability, limitations, and exclusions, see the product brochures.
NEW YORK LIFE and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company
