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20-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 - $240,000 $250,000 - $490,000 $500,000 - $990,000 $1,000,000 -$2,000,000
  Male Female Male Female Male Female Male Female
30 and Under $2.70 $2.30 $1.90 $1.55 $1.75 $1.40 $1.65 $1.23
31 2.70 2.30 1.90 1.58 1.75 1.43 1.65 1.25
32 2.70 2.38 1.90 1.60 1.75 1.45 1.65 1.30
33 2.70 2.43 1.90 1.65 1.75 1.50 1.65 1.33
34 2.70 2.48 1.90 1.68 1.75 1.55 1.65 1.40
35 2.70 2.55 1.90 1.73 1.75 1.60 1.65 1.45
36 2.83 2.63 1.98 1.78 1.83 1.65 1.70 1.53
37 3.00 2.65 2.05 1.85 1.90 1.70 1.78 1.58
38 3.20 2.75 2.15 1.93 2.03 1.78 1.90 1.65
39 3.45 2.85 2.30 2.03 2.15 1.88 2.05 1.73
40 3.73 2.98 2.50 2.15 2.35 2.00 2.23 1.85
41 4.03 3.13 2.73 2.28 2.60 2.15 2.48 2.00
42 4.40 3.33 3.03 2.48 2.88 2.33 2.75 2.15
43 4.83 3.58 3.33 2.65 3.18 2.53 3.10 2.35
44 5.23 3.83 3.68 2.90 3.55 2.75 3.45 2.55
45 5.65 4.08 4.05 3.13 3.90 3.00 3.80 2.75
46 6.08 4.38 4.43 3.40 4.28 3.25 4.18 2.98
47 6.50 4.68 4.85 3.68 4.70 3.55 4.60 3.18
48 6.93 5.00 5.30 4.03 5.15 3.88 5.05 3.40
49 7.45 5.38 5.78 4.35 5.63 4.20 5.53 3.68
50 8.13 5.78 6.28 4.73 6.13 4.58 6.03 4.03
51 8.88 6.23 6.78 5.13 6.63 5.00 6.53 4.43
52 9.75 6.70 7.25 5.53 7.10 5.40 7.00 4.90
53 10.75 7.23 7.80 5.98 7.65 5.85 7.55 5.43
54 11.93 7.83 8.48 6.50 8.33 6.38 8.25 6.00

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

Age as of Application Postmark

$100,000 to $240,000

$250,000 to $490,000

$500,000 to $990,000

$1,000,000 and Over

M F M F M F M F
20 and Under $3.03 $2.68 $2.23 $1.93 $2.08 $1.78 $1.98 $1.60
21 - 24 3.03 2.73 2.23 1.98 2.08 1.83 1.98 1.65
25 - 30 3.10 2.75 2.30 2.00 2.15 1.85 2.05 1.68
31 3.10 2.78 2.30 2.05 2.15 1.90 2.05 1.73
32 3.10 2.88 2.30 2.10 2.15 1.95 2.05 1.80
33 3.15 2.95 2.35 2.18 2.20 2.03 2.10 1.85
34 3.15 3.05 2.35 2.25 2.20 2.13 2.10 1.98
35 3.18 3.28 2.38 2.40 2.25 2.28 2.15 2.13
36 3.33 3.35 2.48 2.50 2.33 2.38 2.20 2.25
37 3.53 3.40 2.58 2.60 2.43 2.45 2.31 2.33
38 3.78 3.50 2.73 2.68 2.60 2.53 2.48 2.40
39 4.13 3.63 2.98 2.80 2.83 2.65 2.73 2.50
40 4.45 3.83 3.23 3.00 3.08 2.85 2.95 2.70
41 4.80 4.03 3.50 3.18 3.38 3.05 3.25 2.90
42 5.20 4.25 3.83 3.40 3.68 3.25 3.55 3.08
43 5.75 4.53 4.25 3.60 4.10 3.48 4.03 3.30
44 6.25 4.90 4.70 3.98 4.58 3.83 4.48 3.63
45 6.75 5.25 5.15 4.30 5.00 4.18 4.90 3.93
46 7.40 5.70 5.75 4.73 5.60 4.58 5.50 4.30
47 8.05 6.23 6.40 5.23 6.26 5.10 6.15 4.73
48 8.78 6.80 7.15 5.83 7.00 5.68 6.90 5.20
49 9.63 7.50 7.95 6.48 7.80 6.33 7.70 5.80
50 10.68 8.05 8.83 7.00 8.68 6.85 8.58 6.30
51 11.58 8.58 9.48 7.48 9.33 7.35 9.23 6.78
52 12.53 9.10 10.03 7.93 9.88 7.80 9.78 7.30
53 13.63 9.68 10.68 8.43 10.53 8.30 10.43 7.88
54 14.93 10.35 11.48 9.03 11.33 8.90 11.25 8.53
 

Quarterly SELECT Premium Rates Per $10,000 Unit

Application Postmark Age $100,000 - $240,000 $250,000 - $490,000 $500,000 - $990,000 $1,000,000 -$2,000,000
  Male Female Male Female Male Female Male Female
30 and Under $3.58 $2.88 $2.73 $2.13 $2.60 $1.98 $2.53 $1.90
31 3.58 2.93 2.73 2.15 2.60 2.03 2.53 1.95
32 3.63 3.05 2.78 2.25 2.63 2.13 2.58 2.05
33 3.70 3.10 2.83 2.35 2.68 2.20 2.63 2.15
34 3.78 3.25 2.90 2.45 2.75 2.30 2.68 2.23
35 3.88 3.43 3.00 2.60 2.85 2.45 2.78 2.38
36 4.00 3.58 3.10 2.73 2.98 2.60 2.90 2.53
37 4.18 3.73 3.25 2.85 3.10 2.70 3.05 2.63
38 4.35 3.90 3.43 3.03 3.28 2.88 3.20 2.80
39 4.60 4.13 3.63 3.20 3.50 3.08 3.43 3.00
40 4.98 4.35 3.93 3.43 3.78 3.28 3.70 3.20
41 5.35 4.60 4.28 3.60 4.13 3.48 4.05 3.40
42 5.88 4.85 4.73 3.85 4.58 3.70 4.53 3.63
43 6.45 5.15 5.25 4.10 5.10 3.98 5.03 3.90
44 7.05 5.48 5.75 4.40 5.60 4.25 5.53 4.18
45 7.70 5.88 6.33 4.73 6.18 4.58 6.10 4.53
46 8.30 6.33 6.83 5.10 6.68 4.98 6.60 4.90
47 8.88 6.85 7.35 5.55 7.20 5.43 7.13 5.35
48 9.48 7.38 7.88 6.05 7.75 5.93 7.68 5.85
49 10.28 7.98 8.58 6.55 8.43 6.43 8.35 6.35
50 11.28 8.60 9.43 7.10 9.28 6.95 9.23 6.90
51 12.55 9.20 10.55 7.60 10.40 7.45 10.33 7.38
52 14.03 9.78 11.83 8.13 11.68 7.98 11.63 7.90
53 15.78 10.45 13.33 8.70 13.18 8.55 13.10 8.48
54 17.63 11.30 14.95 9.43 14.80 9.28 14.73 9.23

Quarterly SELECT Premium 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 and Under $4.00 $3.35 $3.15 $2.60 $3.03 $2.45 $2.95 $2.38
21 - 24 4.05 3.38 3.20 2.63 3.08 2.48 3.00 2.40
25 - 30 4.10 3.43 3.25 2.68 3.13 2.53 3.05 2.45
31 4.10 3.50 3.25 2.73 3.13 2.60 3.05 2.53
32 4.23 3.68 3.38 2.88 3.23 2.75 3.18 2.68
33 4.30 3.83 3.43 3.08 3.28 2.93 3.23 2.88
34 4.45 4.10 3.58 3.30 3.43 3.15 3.35 3.08
35 4.60 4.38 3.73 3.55 3.58 3.40 3.50 3.33
36 4.80 4.58 3.90 3.73 3.78 3.60 3.70 3.53
37 5.08 4.80 4.15 3.93 4.00 3.78 3.95 3.70
38 5.30 5.05 4.38 4.18 4.23 4.03 4.15 3.95
39 5.58 5.30 4.60 4.38 4.48 4.25 4.40 4.18
40 6.08 5.63 5.03 4.70 4.88 4.55 4.80 4.48
41 6.50 5.98 5.43 4.98 5.27 4.85 5.20 4.75
42 7.15 6.30 6.00 5.30 5.85 5.15 5.80 5.08
43 7.85 6.65 6.65 5.60 6.50 5.48 6.43 5.40
44 8.68 7.08 7.38 6.00 7.23 5.85 7.15 5.78
45 9.50 7.65 8.13 6.50 7.98 6.35 7.90 6.30
46 10.40 8.30 8.93 7.08 8.78 6.95 8.70 6.88
47 11.20 9.10 9.68 7.80 9.53 7.68 9.45 7.60
48 12.20 10.05 10.60 8.73 10.48 8.60 10.40 8.53
49 13.50 11.10 11.80 9.68 11.65 9.55 11.58 9.48
50 14.98 12.00 13.13 10.50 12.98 10.35 12.93 10.30
51 16.58 12.73 14.58 11.13 14.43 10.98 14.35 10.90
52 18.40 13.40 16.20 11.75 16.05 11.60 16.00 11.53
53 20.53 14.20 18.08 12.45 17.93 12.30 17.85 12.23
54 22.78 15.20 20.10 13.33 19.95 13.18 19.88 13.13

 

Quarterly STANDARD Premium Rates Per $10,000 Unit

Application Postmark Age $100,000 - $240,000 $250,000 - $490,000 $500,000 - $990,000 $1,000,000 -$2,000,000
  Male Female Male Female Male Female Male Female
25 and Under $5.85 $4.28 $4.70 $3.33 $4.55 $3.18 $4.50 $3.10
26 5.85 4.38 4.70 3.43 4.55 3.28 4.50 3.20
27 5.93 4.53 4.75 3.55 4.60 3.40 4.53 3.33
28 5.95 4.68 4.80 3.68 4.65 3.55 4.58 3.48
29 6.03 4.88 4.88 3.85 4.73 3.70 4.65 3.63
30 6.20 5.03 5.00 4.00 4.88 3.85 4.80 3.78
31 6.45 5.20 5.23 4.13 5.08 4.00 5.00 3.93
32 6.75 5.35 5.48 4.25 5.35 4.10 5.28 4.05
33 7.13 5.48 5.83 4.40 5.68 4.25 5.60 4.18
34 7.53 5.73 6.15 4.58 6.00 4.45 5.95 4.38
35 7.95 6.00 6.53 4.85 6.40 4.70 6.33 4.63
36 8.35 6.43 6.90 5.20 6.75 5.05 6.68 5.00
37 8.78 6.93 7.25 5.65 7.10 5.50 7.03 5.45
38 9.28 7.53 7.68 6.15 7.53 6.00 7.45 5.95
39 9.85 8.13 8.20 6.68 8.05 6.53 7.98 6.45
40 10.70 8.73 8.90 7.20 8.78 7.05 8.70 6.98
41 11.80 9.30 9.88 7.73 9.75 7.58 9.68 7.50
42 13.18 9.93 11.08 8.25 10.93 8.10 10.85 8.03
43 14.70 10.53 12.40 8.78 12.25 8.63 12.18 8.55
44 16.35 11.23 13.83 9.38 13.68 9.25 13.60 9.18
45 17.98 12.00 15.25 10.05 15.10 9.90 15.03 9.83
46 19.63 12.85 16.68 10.78 16.53 10.65 16.45 10.58
47 21.33 13.78 18.18 11.60 18.03 11.45 17.95 11.38
48 23.13 14.78 19.73 12.48 19.60 12.33 19.53 12.25
49 25.05 15.88 21.40 13.43 21.25 13.28 21.18 13.20
50 27.08 17.00 23.15 14.40 23.03 14.25 22.95 14.18
51 29.23 18.18 25.03 15.43 24.90 15.28 24.83 15.20
52 31.60 19.43 27.08 16.50 26.93 16.38 26.85 16.30
53 34.00 20.75 29.20 17.68 29.05 17.53 28.98 17.45
54 36.58 22.18 31.43 18.90 31.28 18.78 31.20 18.70

Quarterly STANDARD Premium 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 and Under $6.28 $4.75 $5.13 $3.80 $4.98 $3.65 $4.93 $3.58
21 6.33 4.75 5.18 3.80 5.03 3.65 4.98 3.58
22 6.33 4.78 5.18 3.83 5.03 3.68 4.98 3.60
23 6.33 4.78 5.18 3.83 5.03 3.68 4.98 3.60
24 6.38 4.78 5.23 3.83 5.08 3.68 5.03 3.60
25 6.38 4.83 5.23 3.88 5.08 3.73 5.03 3.65
26 6.38 4.93 5.23 3.98 5.08 3.83 5.03 3.70
27 6.45 5.08 5.28 4.10 5.13 3.95 5.05 3.88
28 6.48 5.23 5.33 4.23 5.18 4.10 5.10 4.03
29 6.55 5.43 5.40 4.40 5.25 4.25 5.18 4.18
30 6.73 5.60 5.53 4.58 5.40 4.43 5.33 4.35
31 7.00 5.83 5.78 4.75 5.63 4.63 5.55 4.55
32 7.35 6.00 6.08 4.90 5.95 4.75 5.88 4.70
33 7.80 6.23 6.50 5.15 6.35 5.00 6.28 4.93
34 8.33 6.60 6.95 5.45 6.80 5.33 6.75 5.25
35 8.83 7.00 7.40 5.85 7.28 5.70 7.20 5.63
36 9.35 7.50 7.90 6.28 7.75 6.13 7.68 6.08
37 9.83 8.10 8.30 6.83 8.15 6.68 8.08 6.63
38 10.43 8.88 8.83 7.50 8.68 7.35 8.60 7.30
39 11.08 9.58 9.43 8.13 9.28 7.98 9.20 7.90
40 12.08 10.33 10.28 8.80 10.15 8.65 10.08 8.58
41 13.35 11.03 11.43 9.45 11.30 9.30 11.23 9.23
42 14.90 11.78 12.80 10.10 12.65 9.95 12.58 9.88
43 16.68 12.53 14.38 10.78 14.23 10.63 14.14 10.55
44 18.63 13.38 16.10 11.53 15.95 11.40 15.88 11.33
45 20.58 14.38 17.85 12.43 17.70 12.28 17.63 12.20
46 22.65 15.53 19.70 13.45 19.55 13.33 19.48 13.25
47 24.83 16.83 21.68 14.65 21.53 14.50 21.45 14.43
48 27.30 18.25 23.90 15.95 23.78 15.80 23.70 15.73
49 30.05 19.88 26.40 17.43 26.25 17.28 26.18 17.20
50 32.85 21.35 28.93 18.75 28.80 18.60 28.73 18.53
51 35.43 22.70 31.23 19.95 31.10 19.80 31.03 19.73
52 38.28 24.15 33.75 21.23 33.60 21.10 33.53 21.03
53 41.13 25.68 36.33 22.60 36.18 22.45 36.10 22.38
54 44.15 27.33 39.00 24.05 38.85 23.93 38.78 23.85
 

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 20 years of coverage. Then, if still eligible, you may reapply for 20-year level rates in effect for a subsequent 20-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 20 Years. If you're not approved for a subsequent 20-year term of guaranteed rates, or do not apply for a subsequent 20-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 20-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-29168-0 on Policy Form GMR-FACE/G-29168-0.

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2016 Insurance check-up
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