NJCPA Group 10-Year Level Term Life Insurance

Group 10-Year Level Term Life Insurance

Underwritten By New York Life Insurance Company


Meet Your Needs Affordably

If you prefer to average your premium costs over time, Level Term Life insurance is an excellent option. With fixed rates for a guaranteed term of 10 years, this coverage can be an easy way to budget while helping ensure your family’s financial safety.


Overview of 10-Year Level Term Life Insurance Coverage:

  • Up to $1,000,000 in benefits for you and your spouse
  • Dependent coverage also available
  • Guaranteed rates for 10 years
  • Accelerated death benefit1
  • Waiver of Premium option available
  • Portable coverage that stays with you even if you change jobs
  • Volume discounts for lower rates
  • Continued coverage available after the initial term
  • Renewable until age 75

Important Questions:

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What is the difference between Level Term Life and Term Life?

A Level Term policy means that the rates are guaranteed for a specific length of time. In this case, the rates are guaranteed not to change for 10 years after the initial coverage effective date. With Term Life, your rates renew annually as you age.

What happens to the policy once I’ve reached the term?

At the end of your initial term, you may reapply for another 10-year term, provided you still meet eligibility criteria. You will be subject to the rates and underwriting requirements in effect at the time of re-application. Or you could continue your existing coverage until age 75, but on a non-guaranteed rate basis. You will not be required to re-apply for coverage and submit to medical underwriting if you choose this option, but your premium will increase according to your age.

I’m a little bit older, should I consider a whole life policy?

That’s an excellent question. Whole or permanent life policies can be a good resource. While a policy like this can build cash value, such values are based on projections and subject to market fluctuations. With term life, you know exactly what coverage you’re paying for at an affordable rate.

Have more questions?

For more information on this coverage – features, costs, eligibility, renewability, limitations and exclusions – click on the Learn More section on the right or contact a specialist.


Understanding the Application Process



Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010—Policy Form GMR-FACE-29469.

1Not available to residents of Massachusetts

Learn More and Apply Today


If you wish to apply for this coverage, simply download the plan brochure and complete the included application. Send it into USI Affinity at 14 Cliffwood Avenue, Suite 310, Matawan, NJ 07747.


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Once your coverage is approved, you will be sent a Certificate of Insurance summarizing your benefits under the Plan. If you are not completely satisfied with the terms of the Certificate, you may return it—without claim—within 30 days. Your premium will be refunded and your coverage invalidated.