Term Life Insurance

Loss of life is something we avoid thinking about, but it's important to plan for the unexpected so your family can be cared for.

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Securing Their Future, Today

Life insurance provides financial protection and peace of mind, ensuring your loved ones are supported when they need it most.

Ensure Stability for Your Family with Term Life Insurance

Typically provided as an employer-paid benefit, basic term life insurance offers vital financial protection for your beneficiaries. This coverage lasts for a specific term and ensures your loved ones are supported during challenging times.

No waiting period

Coverage takes effect on the effective date.

Supplemental Term Life Insurance

For added peace of mind, supplemental term life insurance allows you to tailor coverage to your evolving needs. Offered as an employee-paid option, it often includes coverage for dependents, spouses, or domestic partners, giving you greater flexibility as your circumstances change.

What a term life insurance policy offers

Whether you’re just starting out on your own or thinking about protecting your family, we’ll help you find a balance between financial protection and financial growth.

Guaranteed death benefit

If you die unexpectedly while your term policy is active, your loved ones will receive a payout to help cover funeral costs and everyday expenses

Multiple lock-in periods

The earlier you start, the lower premiums will be; you can keep them level for 10, 15, or 20 years or go year-to-year with increasing premiums

Convertible, portable coverage

If your needs change, you can convert some policies to long term protection2, and you keep your coverage if you change jobs (unlike plans offered by employers)

Tax advantages

In most cases, your loved ones (beneficiaries) will not pay income taxes on the life insurance benefits they eventually receive

Dependent Term Life Insurance

Extend coverage to those who matter most—your spouse, domestic partner, or eligible children—with dependent term life insurance. This option ensures financial security for your entire family.

Protect Your Family’s Future

Losing a loved one is an emotional and financial challenge. Everyday expenses, education costs, and mortgage payments can quickly become overwhelming without adequate planning.

Choosing the right term life insurance plan is a proactive step toward safeguarding your family’s financial well-being. With affordable coverage tailored to your working years, term life insurance provides a death benefit paid directly to your beneficiaries, covering funeral expenses and supporting ongoing financial needs like daily living costs and your children’s education.

Take the first step in securing your loved ones’ future. For more details on the coverage options best suited to you, speak with your company’s benefits administrator or contact New York Life today.

DID YOU KNOW?

63% of employees worry about the financial security of their families in the event of their premature death.

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