Exclusively for members of the National Association of REALTORS® age 60+.
As a real estate professional, you’ve helped your clients make big decisions that make a lasting impact on their families. You have helped them realize their dreams across life’s changes. We have worked hard to do the same for you by offering group life insurance specifically designed for members age 60+.
With this new member benefit, the National Association of REALTORS® is now making group life insurance underwritten by New York Life Insurance Company available to members through the Association’s REALTOR Benefits® Program, 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 ratings1 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.
A++
AM Best
AAA
Fitch Ratings
Aaa
Moody’s
AA+
Standard & Poors
1Source: Individual Third-Party Ratings Reports as of 10/15/20
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 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, 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.
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