GUARANTEED ISSUE GROUP TERM LIFE INSURANCE COVERAGE DETAILS AND EXCLUSIONS

Effective Date of Coverage

This coverage is available to members of the National Association of REALTORS® between the ages of 20 through 49 who apply within the first 180 days of membership to the Association. Insurance will take effect on the date specified by the administrator provided your application is approved by New York Life Insurance Company, the initial contribution is paid within 31 days after you are billed and any person to be insured is performing normal activities of a person in good health of like age on the day of approval. If the person to be insured is not performing the normal activities of a person in good health of like age, insurance will take effect on the day the proposed covered person is performing such normal activities if still eligible to obtain the insurance on that day.

When Coverage Ends

Your insurance can remain in force until you reach age 75, provided:(a) you continue to pay premium contributions when due; (b) the group coverage is not terminated or modified by the policyholder to end insurance for the group of insureds to which the member belongs, Note: coverage may continue under a similar NYL policy,  and (c) the insured does not request to terminate insurance.

Exclusions

Suicide, attempted suicide or intentionally self-inflicted injury, whether sane or insane, during the first two years of coverage (one year for residents of Missouri) is limited to a refund of total premiums paid.

This is a brief description of the policy’s principal provisions and features. The complete terms and conditions including features, costs, eligibility, renewability, limitations & exclusions are set forth in the group policy issued by New York Life Insurance Company to the National Association of REALTORS. A Certificate of Insurance summarizing your benefits under the policy will be sent upon approval of your application.

The REALTORS Group Term Life Insurance Guaranteed Issue is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy No. G-31001-0/1 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.

This coverage is available only for residents of the U.S. (Currently not available in: Alaska, Kentucky , Louisiana , Montana , North Carolina, Ohio, Texas, Utah, Vermont, Washington, and the territories) of USVI and Guam)