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10-Year Level 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.)

Montana Residents: “Male” rates apply to all individuals regardless of sex.

See Rate Classes below: Preferred | Select | Standard | Child

 

Quarterly PREFERRED Premium Schedule Per $10,000 Unit

Application Postmark Age $100,000 to $249,000 $250,000 to 500,000 $510,000 to $999,000 $1,000,000 and Over
  Male Female Male Female Male Female Male Female
35 and Under $2.10 $1.90 $1.40 $1.23 $1.03 $0.88 $0.98 $0.83
36 $2.13 $1.93 $1.43 $1.25 $1.05 $0.90 $1.00 $0.85
37 $2.20 $2.05 $1.48 $1.30 $1.10 $0.98 $1.05 $0.93
38 $2.33 $2.13 $1.55 $1.43 $1.15 $1.05 $1.10 $1.00
39 $2.45 $2.23 $1.63 $1.55 $1.20 $1.15 $1.15 $1.10
40 $2.55 $2.35 $1.75 $1.65 $1.30 $1.23 $1.25 $1.18
41 $2.68 $2.50 $1.85 $1.80 $1.43 $1.35 $1.38 $1.30
42 $2.88 $2.65 $2.10 $1.95 $1.60 $1.48 $1.55 $1.43
43 $3.05 $2.88 $2.33 $2.13 $1.78 $1.63 $1.73 $1.58
44 $3.23 $3.05 $2.53 $2.33 $1.95 $1.78 $1.90 $1.73
45 $3.55 $3.20 $2.80 $2.50 $2.15 $1.93 $2.08 $1.88
46 $3.85 $3.43 $3.05 $2.68 $2.38 $2.08 $2.33 $2.03
47 $4.18 $3.58 $3.33 $2.83 $2.58 $2.20 $2.50 $2.15
48 $4.48 $3.75 $3.58 $3.03 $2.78 $2.33 $2.70 $2.25
49 $4.90 $3.98 $3.90 $3.20 $3.05 $2.48 $2.98 $2.40
50 $5.35 $4.20 $4.28 $3.43 $3.35 $2.68 $3.28 $2.63
51 $5.80 $4.48 $4.73 $3.70 $3.70 $2.88 $3.63 $2.80
52 $6.23 $4.83 $5.25 $4.03 $4.13 $3.15 $4.05 $3.08
53 $6.70 $5.15 $5.80 $4.33 $4.58 $3.40 $4.50 $3.33
54 $7.33 $5.53 $6.40 $4.73 $5.08 $3.70 $5.00 $3.63
55 $7.90 $5.88 $7.08 $5.10 $5.60 $4.00 $5.50 $3.93
56 $8.60 $6.23 $7.75 $5.43 $6.15 $4.28 $6.05 $4.20
57 $9.28 $6.60 $8.45 $5.73 $6.70 $4.55 $6.60 $4.48
58 $10.13 $6.93 $9.25 $6.13 $7.38 $4.83 $7.28 $4.73
59 $11.08 $7.38 $10.18 $6.55 $8.10 $5.20 $7.98 $5.13
60 $12.18 $7.93 $11.25 $7.10 $8.98 $5.65 $8.85 $5.58
61 $13.43 $8.65 $12.50 $7.85 $9.98 $6.23 $9.85 $6.13
62 $14.75 $9.48 $13.95 $8.70 $11.15 $6.93 $11.03 $6.83
63 $16.35 $10.45 $15.53 $9.70 $12.43 $7.73 $12.28 $7.63
64 $18.20 $11.53 $17.33 $10.73 $13.88 $8.55 $13.73 $8.43

Quarterly PREFERRED Premium Schedule Per $10,000 Unit with Waiver of Premium Option

Age as of Application Postmark

$100,000 to $249,000

$250,000 to $500,000

$510,000 to $999,000

$1,000,000 and Over

M F M F M F M F
20 and Under $2.30 $2.15 $1.60 $1.48 $1.23 $1.13 $1.18 $1.08
21 - 24 2.30 2.18 1.60 1.50 1.23 1.15 1.18 1.10
25 - 30 2.35 2.20 1.65 1.53 1.28 1.18 1.23 1.13
31 2.35 2.20 1.65 1.53 1.28 1.18 1.23 1.13
32 2.35 2.23 1.65 1.55 1.28 1.20 1.23 1.15
33 2.38 2.23 1.68 1.55 1.30 1.20 1.25 1.15
34 2.38 2.25 1.68 1.58 1.30 1.23 1.25 1.18
35 2.40 2.30 1.70 1.63 1.33 1.28 1.28 1.23
36 2.43 2.35 1.73 1.68 1.35 1.33 1.30 1.28
37 2.53 2.50 1.80 1.75 1.43 1.43 1.38 1.38
38 2.68 2.60 1.90 1.90 1.50 1.53 1.45 1.48
39 2.85 2.73 2.03 2.05 1.60 1.65 1.55 1.60
40 2.98 2.90 2.18 2.20 1.73 1.78 1.68 1.73
41 3.13 3.10 2.30 2.40 1.88 1.95 1.83 1.90
42 3.35 3.28 2.58 2.58 2.08 2.10 2.03 2.05
43 3.60 3.53 2.88 2.78 2.33 2.28 2.28 2.23
44 3.83 3.78 3.13 3.05 2.55 2.50 2.50 2.45
45 4.20 4.00 3.45 3.30 2.80 2.73 2.73 2.68
46 4.63 4.33 3.83 3.58 3.15 2.98 3.10 2.93
47 5.08 4.60 4.23 3.85 3.48 3.23 3.40 3.18
48 5.53 4.90 4.63 4.18 3.83 3.48 3.75 3.40
49 6.15 5.30 5.15 4.53 4.30 3.80 4.23 3.73
50 6.83 5.60 5.75 4.83 4.83 4.08 4.75 4.03
51 7.38 5.90 6.30 5.13 5.28 4.30 5.21 4.23
52 7.93 6.30 6.95 5.50 5.83 4.63 5.75 4.55
53 8.50 6.65 7.60 5.83 6.38 4.90 6.30 4.83
54 9.25 7.08 8.33 6.28 7.00 5.25 6.93 5.18
 

Quarterly SELECT Premium Schedule Per $10,000 Unit

Application Postmark Age $100,000 - $249,000 $250,000 - $500,000 $501,000 - $999,000 $1,000,000 - $2,000,000
  Male Female Male Female Male Female Male Female
35 and Under $2.40 $2.075 $1.750 $1.400 $1.750 $1.100 $1.225 $1.050
36 $2.50 $2.125 $1.875 $1.500 $1.875 $1.150 $1.275 $1.100
37 $2.575 $2.225 $1.925 $1.550 $1.925 $1.200 $1.325 $1.150
38 $2.675 $2.35 $2.075 $1.675 $2.075 $1.300 $1.425 $1.250
39 $2.825 $2.475 $2.225 $1.775 $2.225 $1.425 $1.550 $1.375
40 $2.975 $2.600 $2.400 $1.925 $2.400 $1.525 $1.675 $1.475
41 $3.175 $2.80 $2.575 $2.100 $2.575 $1.675 $1.775 $1.625
42 $3.425 $2.975 $2.800 $2.275 $2.800 $1.825 $2.000 $1.775
43 $3.625 $3.225 $3.025 $2.525 $3.025 $2.000 $2.175 $1.925
44 $3.950 $3.425 $3.350 $2.725 $3.350 $2.200 $2.375 $2.150
45 $4.225 $3.650 $3.625 $2.925 $3.625 $2.375 $2.650 $2.325
46 $4.525 $3.825 $3.925 $3.125 $3.925 $2.550 $2.875 $2.500
47 $4.90 $4.075 $4.275 $3.375 $4.275 $2.725 $3.225 $2.650
48 $5.25 $4.30 $4.600 $3.600 $4.600 $2.925 $3.550 $2.850
49 $5.625 $4.525 $4.925 $3.800 $4.925 $3.100 $3.900 $3.025
50 $6.125 $4.850 $5.325 $4.100 $5.325 $3.350 $4.325 $3.275
51 $6.650 $5.125 $5.875 $4.400 $5.875 $3.575 $4.725 $3.500
52 $7.20 $5.45 $6.425 $4.700 $6.425 $3.850 $5.200 $3.775
53 $7.85 $5.75 $7.025 $5.025 $7.025 $4.125 $5.750 $4.050
54 $8.50 $6.15 $7.700 $5.400 $7.700 $4.450 $6.275 $4.375
55 $9.275 $6.575 $8.450 $5.800 $8.450 $4.775 $6.900 $4.700
56 $10.05 $7.025 $9.250 $6.225 $9.250 $5.125 $7.575 $5.025
57 $10.90 $7.450 $9.975 $6.675 $9.975 $5.525 $8.150 $5.450
58 $11.85 $8.025 $10.950 $7.225 $10.950 $5.975 $8.975 $5.875
59 $12.925 $8.575 $12.000 $7.775 $12.000 $6.450 $9.850 $6.350
60 $14.25 $9.30 $13.250 $8.375 $13.250 $6.950 $10.925 $6.850
61 $15.70 $10.15 $14.750 $9.300 $14.750 $7.725 $12.150 $7.625
62 $17.425 $11.05 $16.500 $10.200 $16.500 $8.500 $13.575 $8.400
63 $19.375 $12.175 $18.400 $11.300 $18.400 $9.400 $15.200 $9.275
64 $21.55 $13.35 $20.600 $12.400 $20.600 $10.350 $17.000 $10.225

Quarterly SELECT Premium Schedule Per $10,000 Unit with Waiver of Premium Option

Age as of Application Postmark

$100,000 to $249,000

$250,000 to $499,000

$500,000 to $999,000

$1,000,000 and Over

M F M F M F M F
20 $2.625 $2.350 $1.975 $1.675 $1.500 $1.375 $1.450 $1.325
21 $2.650 $2.350 $2.000 $1.675 $1.525 $1.375 $1.475 $1.325
22 $2.650 $2.375 $2.000 $1.700 $1.525 $1.400 $1.475 $1.350
23 $2.650 $2.375 $2.000 $1.700 $1.525 $1.400 $1.475 $1.350
24 $2.675 $2.375 $2.025 $1.700 $1.550 $1.400 $1.500 $1.350
25 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
26 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
27 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
28 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
29 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
30 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
31 $2.675 $2.400 $2.025 $1.725 $1.550 $1.425 $1.500 $1.375
32 $2.700 $2.425 $2.050 $1.750 $1.575 $1.450 $1.525 $1.400
33 $2.700 $2.450 $2.050 $1.775 $1.575 $1.475 $1.525 $1.425
34 $2.725 $2.500 $2.075 $1.825 $1.600 $1.525 $1.550 $1.475
35 $2.750 $2.525 $2.100 $1.850 $1.625 $1.550 $1.575 $1.500
36 $2.875 $2.600 $2.250 $1.975 $1.700 $1.625 $1.650 $1.575
37 $3.000 $2.725 $2.350 $2.050 $1.800 $1.700 $1.750 $1.650
38 $3.125 $2.900 $2.525 $2.225 $1.925 $1.850 $1.875 $1.800
39 $3.300 $3.050 $2.700 $2.350 $2.075 $2.000 $2.025 $1.950
40 $3.500 $3.225 $2.925 $2.550 $2.250 $2.150 $2.200 $2.100
41 $3.725 $3.500 $3.125 $2.800 $2.400 $2.375 $2.325 $2.325
42 $4.025 $3.725 $3.400 $3.025 $2.650 $2.575 $2.600 $2.525
43 $4.275 $4.025 $3.675 $3.325 $2.875 $2.800 $2.825 $2.725
44 $4.700 $4.300 $4.100 $3.600 $3.200 $3.075 $3.125 $3.025
45 $5.050 $4.625 $4.450 $3.900 $3.525 $3.350 $3.475 $3.300
46 $5.500 $4.900 $4.900 $4.200 $3.925 $3.625 $3.850 $3.575
47 $6.025 $5.275 $5.400 $4.575 $4.425 $3.925 $4.350 $3.850
48 $6.600 $5.700 $5.950 $5.000 $4.975 $4.325 $4.900 $4.250
49 $7.225 $6.125 $6.525 $5.400 $5.575 $4.700 $5.500 $4.625
50 $7.975 $6.575 $7.175 $5.825 $6.250 $5.075 $6.175 $5.000
51 $8.625 $6.925 $7.850 $6.200 $6.800 $5.375 $6.700 $5.300
52 $9.300 $7.300 $8.525 $6.550 $7.400 $5.700 $7.300 $5.625
53 $10.075 $7.675 $9.250 $6.950 $8.050 $6.050 $7.975 $5.975
54 $10.850 $8.125 $10.050 $7.375 $8.725 $6.425 $8.625 $6.350
 

Quarterly STANDARD Rates per $10,000 unit

Age as of Application Postmark

$100,000 to $249,000

$250,000 to $490,000

$500,000 to $999,000

$1,000,000 and Over

M F M F M F M F
20 $5.700 $4.850 $4.950 $4.175 $3.975 $3.325 $3.900 $3.250
21 $5.700 $4.850 $4.950 $4.175 $3.975 $3.325 $3.900 $3.250
22 $5.700 $4.850 $4.950 $4.175 $3.975 $3.325 $3.900 $3.250
23 $5.700 $4.850 $4.950 $4.175 $3.975 $3.325 $3.900 $3.250
24 $5.725 $4.850 $5.000 $4.175 $4.000 $3.325 $3.925 $3.250
25 $5.725 $4.850 $5.000 $4.175 $4.000 $3.325 $3.925 $3.250
26 $5.750 $4.850 $5.050 $4.175 $4.025 $3.325 $3.950 $3.250
27 $5.750 $4.850 $5.050 $4.175 $4.025 $3.325 $3.950 $3.250
28 $5.800 $4.900 $5.075 $4.200 $4.075 $3.350 $4.000 $3.275
29 $5.850 $4.900 $5.100 $4.200 $4.100 $3.350 $4.025 $3.275
30 $5.875 $4.975 $5.150 $4.225 $4.125 $3.375 $4.050 $3.300
31 $5.875 $4.975 $5.150 $4.225 $4.125 $3.375 $4.050 $3.300
32 $5.875 $4.975 $5.150 $4.225 $4.125 $3.375 $4.050 $3.300
33 $5.875 $4.975 $5.150 $4.225 $4.125 $3.375 $4.050 $3.300
34 $5.875 $4.975 $5.150 $4.225 $4.125 $3.375 $4.050 $3.300
35 $6.050 $5.075 $5.350 $4.350 $4.275 $3.475 $4.200 $3.400
36 $6.325 $5.525 $5.575 $4.600 $4.475 $3.675 $4.400 $3.600
37 $6.725 $5.700 $5.950 $4.950 $4.775 $3.975 $4.700 $3.900
38 $7.150 $6.150 $6.400 $5.425 $5.125 $4.350 $5.025 $4.275
39 $7.750 $6.725 $6.950 $5.950 $5.600 $4.775 $5.500 $4.700
40 $8.350 $7.200 $7.600 $6.425 $6.125 $5.175 $6.025 $5.100
41 $9.125 $7.750 $8.350 $6.950 $6.750 $5.600 $6.650 $5.500
42 $10.025 $8.275 $9.200 $7.500 $7.450 $6.050 $7.350 $5.950
43 $11.050 $8.950 $10.200 $8.125 $8.250 $6.550 $8.125 $6.450
44 $12.150 $9.575 $11.275 $8.800 $9.150 $7.100 $9.025 $7.000
45 $13.300 $10.300 $12.425 $9.475 $10.075 $7.675 $9.950 $7.575
46 $14.600 $11.050 $13.675 $10.200 $11.125 $8.250 $11.000 $8.125
47 $16.025 $11.850 $15.100 $10.975 $12.275 $8.900 $12.125 $8.775
48 $17.525 $12.725 $16.525 $11.825 $13.475 $9.600 $13.325 $9.475
49 $19.075 $13.600 $18.050 $12.700 $14.725 $10.300 $14.575 $10.175
50 $20.650 $14.500 $19.600 $13.550 $15.975 $11.025 $15.800 $10.900
51 $22.175 $15.425 $21.100 $14.450 $17.175 $11.775 $16.975 $11.650
52 $23.650 $16.375 $22.525 $15.425 $18.375 $12.550 $18.175 $12.400
53 $25.200 $17.375 $24.050 $16.400 $19.625 $13.350 $19.425 $13.200
54 $26.950 $18.400 $25.800 $17.375 $21.025 $14.150 $20.825 $14.000
55 $28.950 $19.450 $27.725 $18.425 $22.625 $15.000 $22.400 $14.825
56 $31.200 $20.375 $29.900 $19.350 $24.400 $15.750 $24.150 $15.575
57 $33.575 $21.275 $32.250 $20.225 $26.350 $16.475 $26.100 $16.300
58 $36.275 $22.225 $34.925 $21.150 $28.525 $17.250 $28.250 $17.075
59 $39.450 $23.450 $38.000 $22.350 $31.050 $18.225 $30.750 $18.025
60 $43.150 $25.075 $41.650 $23.950 $34.025 $19.525 $33.700 $19.325
61 $47.200 $27.150 $45.575 $25.975 $37.275 $21.200 $36.925 $20.975
62 $51.575 $29.650 $49.850 $28.400 $40.775 $23.200 $40.400 $22.975
63 $56.725 $32.500 $54.900 $31.175 $44.900 $25.450 $44.475 $25.200
64 $63.025 $35.675 $61.200 $34.300 $50.050 $28.000 $49.575 $27.725

Quarterly STANDARD Rates per $10,000 unit with Waiver of Premium Option

Age as of Application Postmark

$100,000 to $249,000

$250,000 to $499,000

$500,000 to $999,000

$1,000,000 and Over

M F M F M F M F
20 $6.075 $5.275 $5.325 $4.600 $4.350 $3.750 $4.275 $3.675
21 $6.075 $5.275 $5.325 $4.600 $4.350 $3.750 $4.275 $3.675
22 $6.125 $5.300 $5.375 $4.625 $4.400 $3.775 $4.325 $3.700
23 $6.125 $5.300 $5.375 $4.625 $4.400 $3.775 $4.325 $3.700
24 $6.175 $5.325 $5.450 $4.650 $4.450 $3.800 $4.375 $3.725
25 $6.175 $5.350 $5.450 $4.675 $4.450 $3.825 $4.375 $3.750
26 $6.200 $5.350 $5.500 $4.675 $4.475 $3.825 $4.400 $3.750
27 $6.200 $5.350 $5.500 $4.675 $4.475 $3.825 $4.400 $3.750
28 $6.250 $5.400 $5.525 $4.700 $4.525 $3.850 $4.450 $3.775
29 $6.325 $5.400 $5.575 $4.700 $4.575 $3.850 $4.500 $3.775
30 $6.350 $5.500 $5.625 $4.750 $4.600 $3.900 $4.525 $3.825
31 $6.350 $5.525 $5.625 $4.775 $4.600 $3.925 $4.525 $3.850
32 $6.375 $5.550 $5.650 $4.800 $4.625 $3.950 $4.550 $3.875
33 $6.400 $5.600 $5.675 $4.850 $4.650 $4.000 $4.575 $3.925
34 $6.450 $5.675 $5.725 $4.925 $4.700 $4.075 $4.625 $4.000
35 $6.675 $5.850 $5.975 $5.125 $4.900 $4.250 $4.825 $4.175
36 $7.025 $6.350 $6.275 $5.425 $5.175 $4.500 $5.100 $4.425
37 $7.475 $6.600 $6.700 $5.850 $5.525 $4.875 $5.450 $4.800
38 $7.975 $7.175 $7.225 $6.450 $5.950 $5.375 $5.850 $5.300
39 $8.650 $7.850 $7.850 $7.075 $6.500 $5.900 $6.400 $5.825
40 $9.375 $8.450 $8.625 $7.675 $7.150 $6.425 $7.050 $6.350
41 $10.250 $9.100 $9.475 $8.300 $7.875 $6.950 $7.775 $6.850
42 $11.275 $9.725 $10.450 $8.950 $8.700 $7.500 $8.600 $7.400
43 $12.450 $10.550 $11.600 $9.725 $9.650 $8.150 $9.525 $8.050
44 $13.750 $11.325 $12.875 $10.550 $10.750 $8.850 $10.625 $8.750
45 $15.125 $12.250 $14.250 $11.425 $11.900 $9.625 $11.775 $9.525
46 $16.750 $13.250 $15.825 $12.400 $13.275 $10.450 $13.150 $10.325
47 $18.550 $14.350 $17.625 $13.475 $14.800 $11.400 $14.650 $11.275
48 $20.550 $15.575 $19.550 $14.675 $16.500 $12.450 $16.350 $12.325
49 $22.725 $16.875 $21.700 $15.975 $18.375 $13.575 $18.225 $13.450
50 $24.875 $18.050 $23.825 $17.100 $20.200 $14.575 $20.025 $14.450
51 $26.675 $19.100 $25.600 $18.125 $21.675 $15.450 $21.475 $15.325
52 $28.450 $20.200 $27.325 $19.250 $23.175 $16.375 $22.975 $16.225
53 $30.300 $21.350 $29.150 $20.375 $24.725 $17.325 $24.525 $17.175
54 $32.325 $22.500 $31.175 $21.475 $26.400 $18.250 $26.200 $18.100
 

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

 

Premiums may vary due to rounding when billed.

Premiums are guaranteed to remain level for the first 10 years of coverage. Then, if still eligible, you may reapply for 10-year level rates in effect for a subsequent 10-year term; rates for the subsequent term would be determined based on the proposed insured's then current age, health and smoking status and guaranteed for 10 years. If you're not approved for a subsequent 10-year term of guaranteed rates, or do not apply for a subsequent 10-year term, coverage will continue in force on a non-guaranteed rate basis with increasing premiums as the insured ages.

The rates shown for the 10-Year Level Term Life Insurance Plan are the rates New York Life currently charges and reflect the current benefit structure. The cost of this life insurance is based upon the member and spouse/domestic partner’s (DP) gender, amount of insurance requested, usage of tobacco/nicotine products, health status, and attained age on the date the application is postmarked. Only non-smokers meeting the highest underwriting standards may qualify for the Preferred rates. Other non-smokers may qualify for the Select rates, higher but still competitive. Approved smokers would qualify for the Standard rates only–the plan’s highest. Upon approval of your application, you will be notified of the rate classification for each approved person. Premium rates 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. Coverage terminates on the June 1 Group Policy anniversary on or next following the Member's 75th birthday. See When Insurance Ends.

Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy G-29104-0 on Policy Form GMR-FACE/G-29104-0.

W16

2016 Insurance check-up
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