Level Term Life Insurance
If you prefer to average your premium costs over time, Level Term Life insurance may be your best option. With fixed rates for a guaranteed term, this coverage can be an easy way to budget while helping ensure your family’s financial safety.
Fixed rates are guaranteed for the term you select: 10 years, 15 years, or 20 years.
Coverage Overview
- Up to $2 million in benefits for member and spouse
- Accelerated death benefit
- Portable - this coverage is not tied to your employment
- Multiple underwriting categories, and volume discounts
- Continued coverage is available after term ends
- Coverage ends at age 80
Questions & Answers
The Group Term Life policy includes a Waiver of Premium clause. This feature is desgned to keep you insured even if you become disabled and unable to work (subject to certain terms & conditions).
Many experts recommend at least ten times your gross annual income to help ensure your family’s financial responsibility is covered. However, every person’s need is different and this estimate isn’t always feasible. Calculate your coverage needs to help you find the right coverage to meet your needs and your budget.
Unlike employer-based coverage, this insurance is portable—which means that if you change jobs, your coverage does not terminate. Access to this insurance is made possible through your AAP membership. Just maintain your membership to keep your coverage.
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PDF Downloads:
10-Year Term: Brochure | Application
15-Year Term: Brochure | Application
20-Year Term: Brochure | Application
How Underwriting Works
AAP Exclusive
This coverage can only be applied for by AAP members. A 30-day free look provides an opportunity for return of the Certificate of Insurance without claim and a full refund. Please note state-specific applications and other forms may be required if applicable. Puerto Rico residents should send application to: Global Insurance Agency Inc., P.O. Box 9023918, San Juan, Puerto Rico 00902-3918.
10-Year Term: Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010—Policy Form GMR-FACE-29153. Available only for members residing in the U.S. and Canada (excluding Quebec). USI Affinity is acting solely as Administrator for Canadian residents. New York Life 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. New York Life's state of domicile is New York, and NAIC ID # is 66915.
15-Year Term: Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010—Policy Form GMR-FACE-31090. Available only for members and employees residing in the U.S. and Canada (excluding Quebec). USI Affinity is acting solely as Administrator for Canadian residents. New York Life 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. New York Life's state of domicile is New York, and NAIC ID # is 66915.
20-Year Term: Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010—Policy Form GMR-FACE-29220. Available only for members and employees residing in the U.S. USI Affinity is acting solely as Administrator for Canadian residents. New York Life 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. New York Life's state of domicile is New York, and NAIC ID # is 66915.
Michigan Residents: I understand that I may use a producer/agent to assist me with the completion of this application at no cost to me.
USI Affinity is licensed to transact business in all of the 50 United States and the District of Columbia.
AR Insurance License #325944; CA Insurance License #0G11911. #5034527.4 | 2021 | WE_0335_0121_AAP