The initial cost of insurance is based on your attained age when insurance becomes effective, the amount of insurance selected, your gender**, tobacco/nicotine use, and health status. The cost increases as you grow older. If approved, you will be notified of your rate classification. To calculate the cost for amounts over $10,000 find the correct column and multiply the amount shown for the $10,000 unit by the number of $10,000 multiples desired – Annual Premium Rates Per $10,000
- MALE NON-SMOKER
- MALE SMOKER
- FEMALE NON-SMOKER
- FEMALE SMOKER
* For renewal only. At AGE 75, coverage amount reduces by 50% to a maximum of $20,000. Premiums do not reduce.
**Male rates apply to all coverage issued to Montana residents, regardless of a person’s sex.
The premium contributions shown reflect the current rate and benefit structure. Premium contributions may be changed by New York Life Insurance Company on any premium due date (but not more than once in any 12-month period) 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 insurance under this group policy. For example, a class of insureds is a group of people all with the same issue age, and tobacco/nicotine use. Benefit option amounts are not guaranteed and are subject to change by agreement between New York Life Insurance Company and the National Association of REALTORS.
The NAR-sponsored Annual Renewable Group Term Life Insurance Plan is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy No. G-31002-0/1 on Policy Form GMR-FACE.
New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. Not all group plans it underwrites are available in all jurisdictions. New York Life’s state of domicile is New York, and NAIC ID3 is 66915.
*Coverage may not be available in all states. Please contact the plan administrator.