Group Term Life Insurance

For members of the National Association of REALTORS®

realtors group termlife insurance logo

Available to members ages 20 through 59.

REALTORS® Group Term Life Insurance is available to NAR members, who may apply for up to $1 million in coverage. Options are designed just for REALTORS®This program is offered through NAR REALTOR Benefits® and is underwritten by the New York Life Insurance Company.

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.

REALTORS® Life Insurance Products

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®.

  • A++ AM Best
  • AAA Fitch Ratings
  • Aaa Moody’s
  • AA+Standard & Poors

*Source: Individual Third-Party Ratings Reports as of 10/19/23

Why 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 kept at a minimum because it does not earn interest or offer loans. What you pay, (premiums) is the cost to keep your insurance. There is a range of coverage amounts and options to suit your current and future needs. Plus, your association has negotiated rates for this protection offered only to members.

If you’re like many real estate professionals, you may already have some life insurance. But because you don’t rely on coverage through an employer-based plan, you may not have enough protection to take care of your family. REALTORS® Group Term Life Insurance coverage may help bridge any gaps in your current coverage or may serve to be the only coverage you need because it expands to fit your lifestyle. Plus, 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 your brokerage or retire.

Highlights and Benefits

You decide how much coverage is right for you. Starting at a $50,000 benefit through $1 million, this coverage is designed to fit the unique needs of your life. Traditional wisdom says you should have 6-10 times your income in life insurance. Factors such as existing loans, children’s future education needs, and family you wish to support should all be considered.

This member benefit is exclusively for members and their spouses or domestic partners. Because you are a member of the National Association of REALTORS®, you may apply for yourself and your spouse under age 60. There is even a separate insurance offer for those age 60 and over, Mature Group Life Insurance.

We’ve included benefits to help both now and later. Life insurance pays a benefit when you die. But with this 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 more than 12 months from your coverage termination age, you can request this accelerated benefit. Once paid, this will reduce the amount of death benefit your beneficiaries will later receive. For additional details and limitations, please see the Certificate of Insurance.**

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 coverage 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.

The Application Process is fast and easy.
When you apply, we have an option to help speed your application processing. All life insurers will need to ask some health questions. With QuickDecisionSM application, eligible applicants applying for up to $250,000 in coverage are asked these health questions online and information about you is verified online. All this speeds the review and often allows us to provide a decision about your insurance acceptance and rate immediately.1

*QuickDecision processing can offer an immediate decision about your application. This approval is conditional on confirmation of your association membership status and coverage limit eligibility. A referral decision may be given if an underwriter needs to review your application and may reach out to confirm the information with you. If you are not approved for life insurance through QuickDecision processing, you may still apply for this coverage with traditional underwriting.

**Please note that receipt of Accelerated Death Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should consult with the appropriate social services agency and seek the advice of a qualified tax advisor.

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)

Bates: 1859519 

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