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NEW! 50+ Multi-Benefit Term Life for Members over 50

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.

 

Quarterly Premium Schedule for $25,000 to $99,000 Benefit
Rates displayed per $1,000

 

  Male Female
Age Nonsmoker Smoker Nonsmoker Smoker
45-49* 1.77 2.96 1.00 1.67
50-54 2.19 3.66 1.27 2.13
55-59 3.11 5.19 1.94 3.24
60-64 4.37 7.30 2.93 4.89
65-69 5.65 9.44 4.04 6.74
70-74 8.48 14.16 6.33 10.57
75 16.12 26.91 12.41 20.72
76-79** 16.12 26.91 12.41 20.72
80-84** 26.04 44.43 19.53 34.10
85-89** 47.64 81.33 36.34 63.48

 

Quarterly Premium Schedule for $100,000 Benefit
Rates displayed per $1,000

 

  Male Female
Age Nonsmoker Smoker Nonsmoker Smoker
45-49* 1.50 2.52 0.85 1.42
50-54 1.86 3.11 1.08 1.81
55-59 2.64 4.41 1.65 2.75
60-64 3.72 6.20 2.49 4.15
65-69 4.80 8.02 3.44 5.73
70-74 7.21 12.04 5.38 8.98
75 13.70 22.88 10.55 17.61
76-79** 13.70 22.88 10.55 17.61
80-84** 22.13 37.77 16.60 28.98
85-89** 40.50 69.13 30.89 53.96

* Only spouses are eligible at these ages. Member must be insured to insure spouse. Spouse amount cannot exceed member coverage.

** For renewal purposes only.

Premiums may vary due to rounding when billed.

The rates shown are the current rates and benefit structure. The cost of this ABE-sponsored life insurance is based upon the member’s and spouse’s gender, amount of insurance requested, usage of tobacco/nicotine products, and attained age on the effective date. Premiums reduce to the level of the remaining benefit after an Accelerated Benefit is paid, but increase on the June 1st on or next following a change in age, as shown.

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 90th birthday. See When Coverage Ends.

Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy G-2766-4 on Policy Form GMR-FACE/G-2766-4.

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2016 Insurance check-up
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