Mature Group Term Life Insurance
Exclusively for members of the National Association of REALTORS® age 60+.
REALTORS® Mature Group Term Life Insurance is available to members age 60+ with options designed just for members. This program is offered through the NAR REALTOR® Benefits and is underwritten by New York Life Insurance Company.
With this member benefit, NAR makes group term life insurance underwritten by New York Life Insurance Company available to all members, with options designed just for REALTORS®.
New York Life Insurance Company has a proven reputation. As of today, New York Life has received the highest financial strength ratings* currently awarded to any U.S. life insurer. Plus with over 175 years as a mutual life insurance company, New York Life has demonstrated its commitment to serving its customers when they need it most.
Coverage backed by New York Life Insurance Company, designed for NAR Members
With over 175 years of helping people act on their love, New York Life Insurance Company is the exclusive provider of life insurance for members of the National Association of REALTORS®.
*Source: Individual Third-Party Ratings Reports as of 10/19/23
Why Mature Group Term Life?
Term life insurance is a form of life insurance that pays a death benefit to your chosen beneficiaries when you die. These funds, which are usually tax-free, can help provide financial protection for those you love when they may need it most.
By design, Term Life Insurance can help balance cost, flexibility, and protection. Costs are generally less than Whole Life Insurance because it does not earn interest or offer loans. What you pay, called premiums, is the cost to keep your insurance. Coverage feature a range of coverage amounts to suit your current need; plus, your association has negotiated rates for this protection offered only to members age 60+.
What’s more is that once you have your coverage, it stays with you regardless of where you work. Unlike employer offered insurance, you keep your insurance should you change agencies or retire.
Highlights and Benefits
You decide how much coverage is right for you. Starting at a $10,000 benefit through $100,000.00, this coverage is designed to fit the unique needs of your life. This benefit is paid directly to the beneficiaries you choose. It could help them cover any debt left behind or help with a child’s college fund.
Specifically designed for older members, you can apply for insurance at age 60 through age 74. You pick the amount that is right for you. Your coverage can last through age 95.
This benefit is available exclusively for members and their spouses*. Because you are a member of the National Association of REALTORS®, you may apply for yourself and your spouse age 60 through 74.
We’ve included benefits to help both now and later. Life insurance pays a benefit when you die. But with this NAR endorsed coverage, there is an added benefit that can pay up to 50% of this benefit while you are alive should you become terminally ill. This Accelerated Death Benefit can provide monies paid directly to you, not doctors, so you decide where you need the funds. If your doctor confirms a terminal illness with less than 24 months to live and you are under age 70, you can request this accelerated benefit. Once paid, this will reduce the amount of death benefit your beneficiaries will later receive.
30 Day Free Look
Once approved for coverage, you’ll receive a Certificate of Insurance and have 30 days to review it. If you decide this isn’t for you, just return your Certificate without claim. Your coverage will be invalidated and you will be sent a full refund – no questions asked.
NAR-sponsored Annual Renewable Group Term Life Insurance is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy No. G-31003-0/1 on Policy Form GMR-FACE. G-31000-0/1, G-31002-0/1, G-31003-0/1. NEW YORK LIFE and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company.
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. (May not be availaible in all States and Territories)
New York Life Insurance Company 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 policies it underwrites are available in all jurisdictions. Please check the Coverage detail sections for current availability. New York Life Insurance Company’s state of domicile is New York, and NAIC ID is #66915.
New York Life Insurance Company
on Policy Form GMR
51 Madison Avenue
New York, New York 10010