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5 Year Banded Term Life Insurance Plan

Current Schedule of Benefits And Quarterly Premiums as of 2016

When comparing rates, please keep in mind that although not promised or guaranteed, this plan is designed to generate dividends that an insured is asked to donate to fund ABE’s charitable mission, or members may annually request that dividends be refunded to them. We ask that you donate these dividends to ABE. If you do so, you are eligible for a charitable contribution deduction on your individual tax return. (See Assignment of Dividends for further details.)

 

Quarterly Preferred Premium Schedule Per $10,000 Unit

For Benefit Amounts of:
  A
$10,000-$90,000
B
$100,000-$290,000
C
$300,000-$490,000
D
$500,000-$2,000,000
Member
Age
Member Spouse Member

Spouse

Member Spouse Member Spouse
Under 30 $1.70

$1.60

$1.40 $1.30 $1.20 $1.10 $1.10 $1.00
30 - 34 2.00 1.80 1.60 1.60 1.50 1.40 1.40 1.30
35 - 39 3.00 2.50 2.50 2.00 2.40 1.80 2.30 1.70
40 - 44 4.80 3.40 3.90 2.80 3.60 2.50 3.40 2.40
45 - 49 8.20 5.80 6.70 4.80 6.20 4.40 5.90 4.20
50 - 54 13.90 10.00 11.50 8.20 10.60 7.60 10.00 7.20
55 - 59 23.60 16.90 19.40 14.10 18.00 12.90 17.10 12.20
60 - 64 39.40 28.83 32.40 24.00 30.00 22.00 28.50 20.90
65 - 69 56.50 45.20 46.50 37.20 43.00 34.40 40.80 32.70
70 - 74 86.50 69.30 71.50 57.00 66.00 52.70 62.70 50.00
75 - 79 173.00 138.60 143.00 114.00 132.00 105.40 125.40 100.00
80 - 84* 259.50 207.90 214.50 171.00 198.00 158.10 188.10 150.00

 

Quarterly Standard Premium Schedule Per $10,000 Unit

For Benefit Amounts of:
  A
$10,000-$90,000
B
$100,000-$290,000
C
$300,000-$490,000
D
$500,000-$2,000,000
Member
Age
Member Spouse Member

Spouse

Member Spouse Member Spouse
Under 30 $2.50 $2.30 $2.10 $2.00 $1.90 $1.80 $1.80 $1.70
30 - 34 2.80 2.60 2.40 2.30 2.20 2.10 2.10 2.00
35 - 39 4.50 3.60 3.70 3.00 3.40 2.75 3.20 2.60
40 - 44 6.70 4.80 5.60 4.00 5.10 3.65 4.80 3.50
45 - 49 12.40 8.50 10.20 7.00 9.40 6.45 8.90 6.10
50 - 54 20.50 14.90 16.90 12.30 15.70 11.43 14.90 10.80
55 - 59 29.20 23.30 24.10 19.20 22.30 17.78 21.20 16.90
60 - 64 44.20 35.30 36.50 29.10 33.80 26.95 32.10 25.60
65 - 69 63.50 50.70 52.40 41.90 48.50 38.80 46.10 36.80
70 - 74 97.50 77.50 80.50 64.00 74.50 59.20 70.80 56.20
75 - 79 195.00 155.00 161.00 128.00 149.00 118.40 141.60 112.40
80 - 84* 292.50 232.50 241.50 192.00 223.50 177.60 212.40 168.60

 

Quarterly Preferred Premium Schedule Per $10,000 Unit with NEW! Chronic Care Rider

For Benefit Amounts of:
  A
$10,000-$90,000
B
$100,000-$290,000
C
$300,000-$490,000
D
$500,000-$2,000,000
Member
Age
Member Spouse Member

Spouse

Member Spouse Member Spouse
Under 30 $1.77

$1.69

$1.46 $1.38 $1.26 $1.18 $1.16 $1.08
30 - 34 2.07 1.89 1.66 1.68 1.56 1.48 1.46 1.38
35 - 39 3.09 2.62 2.58 2.10 2.48 1.90 2.38 1.80
40 - 44 5.07 3.75 4.14 3.11 3.83 2.80 3.62 2.69
45 - 49 8.78 6.55 7.21 5.45 6.70 5.04 6.38 4.82
50 - 54 15.20 11.66 12.63 9.65 11.70 9.02 11.07 8.58
55 - 59 25.83 19.76 21.34 16.60 19.90 15.36 18.95 14.58
60 - 64 42.82 33.16 35.38 27.79 32.91 25.72 31.33 24.51
65 - 69* 69.01 56.01 57.45 46.71 53.68 43.74 51.19 41.86
70 - 74* 105.69 85.87 88.29 71.59 82.37 67.02 78.63 63.89
75 - 79* 211.37 171.74 176.57 143.17 164.74 134.04 157.25 127.78

 

Quarterly Standard Premium Schedule Per $10,000 Unit with NEW! Chronic Care Rider

For Benefit Amounts of:
  A
$10,000-$90,000
B
$100,000-$290,000
C
$300,000-$490,000
D
$500,000-$2,000,000
Member
Age
Member Spouse Member

Spouse

Member Spouse Member Spouse
Under 30 $2.57

$2.39

$2.16 $2.08 $1.96 $1.88 $1.86 $1.78
30 - 34 2.87 2.69 2.46 2.38 2.26 2.18 2.16 2.08
35 - 39 4.59 3.72 3.78 3.10 3.48 2.85 3.28 2.70
40 - 44 6.98 5.15 5.84 4.31 5.33 3.95 5.02 3.79
45 - 49 12.98 9.25 10.71 7.65 9.90 7.09 9.38 6.72
50 - 54 21.80 16.56 18.03 13.75 16.80 12.85 15.97 12.18
55 - 59 31.43 26.16 26.04 21.70 24.20 20.23 23.05 19.28
60 - 64 47.62 39.63 39.48 32.89 36.71 30.67 34.93 29.21
65 - 69* 76.01 61.51 63.35 51.41 59.18 48.14 56.49 45.96
70 - 74* 116.69 94.07 97.29 78.59 90.87 73.52 86.73 70.09
75 - 79* 233.37 188.14 194.57 157.17 181.74 147.04 173.45 140.17

 

* For renewal only. Chronic Care rider coverage terminates on the policy anniversary on or next following the member’s 80th birthday. Term Life coverage terminates on the policy anniversary on or next following the member’s 85th birthday

 

Quarterly CHILD Premium Schedule

One quarterly premium covers all eligible dependent children regardless of number.

For Benefit Amounts of:
$5,000 $10,000 $15,000 $20,000 $25,000
$2.50 $5.00 $7.50 $10.00 $12.50

 

CCR coverage is currently not available to residents of CT, FL, ID, LA, MA, MN, MO, MT, NC, OH, SD, TX, UT, and WA. If you are interested in the CCR, contact ABE and we will advise you as soon as it becomes available in your state.

 

Premium rates for member and spouse/DP are based on the member's age when coverage becomes effective and increase on the June 1st on or next following a change in age as shown in the schedule. These are the current rates and reflect current benefit structure. New York Life reserves the right to change rates on any premium due date and on any date on which benefits are changed. However your rates may change only if they are changed for all others in the same class of insureds under this group policy. For example, a class of insureds is a group of people with all the same issue age. Premiums will vary, depending on the option chosen. Benefit options are not guaranteed and are subject to change by agreement between New York Life and ABE.

Premiums may vary due to rounding when billed.

Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy Form GMR-FACE/G-2766-3.

We will be happy to answer your questions. Just call 800-621-8981 or email us at information@abendowment.org

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