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10-Year & 20-Year Level Term Life Insurance Plans

Underwritten by New York Life Insurance Company

Valuable Protection at Group Rates Guaranteed to Remain the Same for 101 or 20 Years

If you don't yet have life insurance or your coverage hasn't kept pace with the changes in your life, now is the time to apply for coverage. ABE-sponsored 10- and 20-Year Level Term Life Insurance Plans offer a death benefit large enough to make a real difference to your family as well as competitive rates you can lock in for the next ten or twenty years. With up to $2 million of protection available, now is the time to be sure you have the coverage you need to help secure your family's financial future.

Coverage For You

As long as you are an ABA member, you may choose any benefit amount from $100,000 to $2,000,000 in $10,000 increments. If you are under age 65 for the 10-Year Level Term Life Plan or under age 55 for the 20-Year Level Term Life Plan and reside in the United States, District of Columbia, Puerto Rico (See It's Easy to Apply, below), or the U.S. Virgin islands, you may apply for coverage. The total amount of coverage under all ABE-Sponsored Term Life Insurance Plans may not exceed $2,000,000.

Coverage For Your Family

Provided you are insured or applying for coverage under this plan, you may choose to apply for any spouse or domestic partner benefit amount from $100,000 to $2,000,000 in $10,000 increments (minimum of $100,000). spouse/DP must be less than age 65 for the 10-Year Level Term Life Plan and less than age 55 for the 20-Year Level Term Life Plan, and spouse/DP coverage cannot exceed 100% of your coverage. A Domestic Partner (DP) is defined as an eligible dependent. (The Group Policy provides the same benefits for parties to a Civil Union as are granted to a spouse/DP in marriage, for residents of any state that so mandates such similar benefits.) You can also insure all unmarried, dependent children from 14 days through 25 years for up to $25,000, in $5,000 increments; a child may not be insured under more than one plan under all group life insurance policies issued by New York Life Insurance Company to the American Bar Endowment. (If both you and your spouse/DP are ABA members, you may both apply for member coverage, but if you do, neither of you may insure the other as a spouse/DP, and only one of you may insure all of your dependent children.) If you die, your spouse/DP and dependent children can continue coverage until the spouse/DP remarries or attains age 75, whichever comes first, provided the children remain eligible, premiums (based on the spouse/DP's age) are paid when due and the Group Plan remains in force. See also When Insurance Ends provisions, below.

Lock In Your Economical Group Rate For 10 or 20 Years

The ABE-sponsored 10-Year or 20-Year Level Term Plus Life Insurance Plans offer life insurance protection with premiums that are guaranteed for an initial 10-year or 20-year period, and level amounts of insurance until termination at age 75. You have two renewal options after the 10-year or 20-year term ends: 1) You can reapply for a new 10-year or 20-year term if you are under age 65 for the 10-Year Level or under age 55 for the 20-Year Level Term Life Plan and still meet eligibility requirements. If your application is approved, your premium contributions will be based on your age, health, and tobacco/nicotine use status at the time coverage becomes effective and will be guaranteed for the new 10-year or 20-year term. Incontestibility terms for your new certificate for a subsequent term of guaranteed rate are activated on the effective date of the new term of guaranteed rates. 2) You can continue your existing coverage until you reach age 75, but on a non-guaranteed rate basis, under which premium contributions increase as you age. Under this option, you are not required to reapply, and you are not subject to medical underwriting requirements. Coverage ends when the insured reaches age 75.

Waiver of Premium Option

This affordable option (available to members and spouses/DPs under 55) will help safeguard your coverage against loss of income due to a total disability by waiving premiums. (See Exclusions and Limitations.) With this feature if you or your spouse/DP (if insured for this option) become totally disabled before age 60, provide proof of total disability and remain so disabled for 180 days or longer, insurance on the disabled person will be continued without additional premium contributions until coverage terminates at age 75, as long as they remain totally disabled. You may be asked to provide evidence of continued total disability from time to time.

Accelerated Death Benefit (Living Benefit)

To help your family cope with the financial hardship of a terminal illness, you can apply to receive 50% of the insured’s total life insurance in force if the insured is diagnosed by a physician as terminally ill with a life expectancy of 24 months or less. The request must be made at least 12 months prior to the scheduled termination age, and the amount of insurance payable after the insured’s death will be reduced by this payment. This benefit can be paid only once, and will reduce the insured’s life insurance by such amount. Premiums are not reduced. (Receipt of these benefits may affect eligibility for public assistance programs and may be taxable. Before applying for these benefits, consult with the appropriate social service agency and a qualified tax advisor.). The Accelerated Death Benefit is not available for residents of Massachusetts.

Volume Discounts Available

To make coverage even more affordable at higher benefit levels, increasing volume discounts apply to coverages of $100,000 to $249,000, $250,000 to $499,000, $500,000 to $999,000 and $1,000,000 and over. Premiums will vary with the amount of benefits.

When Insurance Ends

You can’t be singled out for cancellation. As long as you maintain your membership in the American Bar Association, make the required premium payments when due, and the 10-Year or 20-Year Level Term Life Insurance Plan is not terminated by ABE or New York Life, you may continue your ABE 10-Year or 20-Year Level Term Life Insurance until the May 31st on or next following your 75th birthday. Coverage for your dependents ceases upon the earliest of: termination of your coverage, or when your spouse/DP is no longer your lawful spouse/DP; when your child marries or becomes an ABA insured member, or is no longer substantially dependent on you for support.

Conversion Provision

If you should drop your ABA/ABE membership, or your coverage terminates involuntarily, you have the right to convert your 10-Year or 20-Year Level Term Life Insurance Plans to an individual policy — regardless of your health. Your Certificate of Insurance explains this privilege in detail. The right to convert does not apply if coverage terminates due to non-payment of premium.

Effective Date

Your 10-Year or 20-Year Level Term Life Insurance will go into effect on the first day of the month after your application is approved by New York Life, provided you pay your initial premium within 31 days after being billed and the proposed covered person is performing the normal activities of a person of like age on the effective date. Coverage for your dependents, if approved, goes into effect when the member’s coverage does. If any person proposed for insurance is not performing the normal activities of a person of like age on the date insurance would have taken effect, that person’s insurance will not take effect until the day such person is performing his/her normal activities as required, provided that the new effective date is within 3 months of the original date and the person is still eligible. Dependent coverage will not become effective prior to the effective date of the member’s insurance.

Note: Residents of NC: Any reference to "performing the normal activities of a person in good health" is replaced by the requirement that the health status of any proposed insured person remains the same as stated in your application.


Exclusions and Limitations:

After two years from the effective date, your coverage is incontestable, except for provisions related to eligibility and nonpayment of premium contributions. Incontestibility terms of your new certificate for a subsequent term of guaranteed rates are activated on the effective date of the new term of guaranteed rates. Benefits are payable for death from any cause except suicide during the first two years of the policy.

Under the Waiver of Premium option, premiums are not waived if disability is the result of attempted suicide or self-inflicted injury.

Our 30-Day Free Look

When you receive your Certificate of Insurance, please read it carefully. If you decide not to participate, simply return it within 30 days without claim, and coverage will be invalidated. There is no other obligation.

It’s Easy to Apply

As long as you are an ABAmember, apply online today or download the paper 10-Year Level Term or 20-Year Level Term application, print and complete the entire application and send it to: ABE, 321 N. Clark Street, Chicago, IL 60654-7648.

Residents of Puerto Rico: You must download and print the paper 10-Year Level Term or 20-Year Level Term application, print and complete the entire application and send it to: Global Insurance Agency, Inc., P.O. Box 9023918, San Juan, Puerto Rico 00902-3918.

To better meet members' needs we also have available the ABE-sponsored 5-Year Banded Term Life Insurance Plan. This webpage contains information about all of our Life Insurance plans.

Underwritten By:

Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy G-29104-0 (10-Year) or G-29168-0 (20-Year) on Policy Form GMR-FACE/G-29104-0 (10-Year) or GMR-FACE/G-29168-0 (20-Year).

New York Life's state of domicile is New York and its NAIC ID# is 66915.

ABE-Sponsored 10-Year Level and 20-Year Level Term Life Insurance Plans are group insurance plans, meaning coverage is issued to an ABE member under a Certificate of Insurance; it is not provided under an individual policy, nor is it employer/employee insurance.



In this notice, references to “you” and “your” include any person proposed for insurance.  Information regarding insurability will be treated as confidential.  In considering whether the person(s) in your request for insurance qualify for insurance, we will rely on the medical information you provide, and on the information you AUTHORIZE us to obtain from your physician, other medical practitioners and facilities, other insurance companies to which you have applied for insurance and MIB, Inc. (“MIB”).  MIB is a not-for-profit organization of insurance companies, which operates an information exchange on behalf of its members.  If you apply for life or health insurance coverage or a claim for benefits is submitted to an MIB member company, medical or non-medical information may be given to MIB and such information may then be furnished by MIB, upon request, to a member company.

MIB and other insurance companies may also furnish New York Life, its subsidiaries or the ABE with non-medical information (such as driving records, past convictions, hazardous sport or aviation activity, use of alcohol or drugs, and other applications for insurance). The information provided may include information that may predate the time frame stated on the medical questions section, if any, on this application. This information may be used during the underwriting and claims processes, where permitted by law.

New York Life may release this information to ABE, other insurance companies to which you may apply for insurance, or to which a claim for benefits may be submitted and to others whom you authorize in writing.  However, this will not be done in connection with test results concerning Acquired Immune Deficiency Syndrome (AIDS) or Human Immunodeficiency Virus (HIV).  We may also make a brief report of your protected health information to MIB, but we will not disclose our underwriting decision.

New York Life will not disclose such information to anyone except those you authorize or where required or permitted by law.  Information in our files may be seen by New York Life and ABE employees, but only on a "need to know" basis in considering your request.  Upon receipt of all requested information, we will make a determination as to whether your request for insurance can be approved.

If we cannot provide the coverage you requested, we will tell you why.  If you feel our information is inaccurate, you will be given a chance to correct or complete the information in our files.  Upon written request to New York Life or MIB, you will be provided with non-medical information.  Generally, medical information will be given either directly to the proposed insured or to a medical professional designated by the proposed insured.  Your request is handled in accordance with Federal Fair Credit Reporting Act procedures.  If you question the accuracy of the information provided by MIB, you may contact MIB and seek a correction.  MIB's information office is: MIB, Inc., 50 Braintree Hill Park, Suite 400, Braintree, MA 02184-8734, telephone (866) 692-6901 (TTY 866-346-3642).  Information for consumers about MIB may be obtained on its website at www.mib.com.


For NM Residents: Protected persons2 have a right of access to certain Confidential abuse information3 we maintain in our files and they may choose to receive such information directly.  You have the right to register as a Protected person by sending a signed request to the Administrator at the address listed on the application.  Please include your full name, date of birth and address.

For benefits of $500,000 and under, premiums are not guaranteed if coverage is effective 9/1/18 or later. For all other benefits, and coverage effective prior to 9/1/18, premiums are guaranteed.

2Protected person means a victim of domestic abuse:  who has notified us that he/she is or has been a victim of domestic abuse; and who is an insured person or prospective insured person.

Confidential abuse information means information about:  acts of domestic abuse or abuse status; the work or home address or telephone number of a victim of domestic abuse; or the status of an applicant or insured as family member, employer or associate of a victim of domestic abuse or a person with whom an applicant or insured is known to have a direct, close, personal, family or abuse-related relationship.

New York Life Insurance Company


How Your Assignment of Dividends to ABE Works - Your Plan's Unique Charitable Giving Feature

Founded in 1942, the American Bar Endowment (ABE) is a §501(c)(3) not-for-profit organization composed of members of the American Bar Association, who are also members of the American Bar Endowment. ABE makes annual grants to fulfill its charitable purpose of improving the administration of justice, one of the legal profession's highest obligations. These grants support research, public service and educational projects in the field of law including those of the American Bar Foundation and the ABA Fund for Justice and Education. ABE also maintains the Legal Legacy Fund for the support of its grantees. By participating in ABE's group insurance programs, designed for and available only to ABA members, members can contribute to these efforts. ABA members who enroll in ABE-sponsored insurance programs agree that their share of any dividends payable on the group policies may be retained by ABE for its charitable purposes unless reclaimed as outlined below. Donations of dividends to ABE are tax-deductible to such members to the fullest extent permitted by law as contributions under Section 170(c) of the Internal Revenue Code.

Members who donate dividends to ABE make a difference. These funds, after administrative expenses, are the primary source of ABE's annual charitable grants and additions to the Legal Legacy Fund. Insured members who donate their dividends help meet their professional and public responsibilities, as well as obtaining valuable coverage for their families. Almost 85% of members donate their dividends; these members are notified each year by late January of the amount, if any, of their dividend donation for the prior year. (Dividends are not guaranteed, and in any given year, a given plan may not pay a dividend; dividends will vary from year to year.)

Members who wish to request a refund of their dividends may do so. The approximate percentage of premium available for refund (if any) on each plan will be published in each November issue of the ABA Journal. Members do not need to wait for this information as refund requests are accepted beginning January 1. To request that dividends be paid to you rather than donated to ABE: After the first policy year of your participation, a written request for refund (by mail or email to dividends@abendowment.org) must be made each year and must reach ABE by December 15. When ABE receives your refund request, we will send a confirmation. Retain this for your records as proof your request was timely received. If you do not receive a confirmation within 3 weeks, contact the ABE promptly to obtain another copy. (Special instructions for new applicants are contained in the application and apply to dividends, if any, during the first policy year only.)

Dividend checks and/or contribution notices for your tax return are mailed by late January. If you receive a contribution notice and you did not intend to make a contribution, you may request a one-time waiver of the December 15 deadline by asking for a refund, if you have not previously requested such a waiver.

Please note: Members who do not want to contribute dividends to ABE must make a written request for refund each year, using the procedures noted above. When members sign an application for insurance, they are agreeing to make an annual decision whether to contribute.

THIS IS A SUMMARY of the principal provisions of these group insurance plans offered through American Bar Endowment for its members. IT IS NOT TO BE CONSIDERED A CONTRACT OF INSURANCE. The complete terms of the plans are set forth in the Group Policy G-29104-0 (10YLT) & G-29168-0 (20YLT) issued by New York Life Insurance Company to the American Bar Endowment.

Bonnie Czarny (ABE), is licensed in AR, Ins. Lic. #404091 and in CA., Ins. Lic. #0H99426.

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


"I decided to purchase the ABE-sponsored 10-Year Level Term Life Insurance plan in 2003. This protection gives me peace of mind knowing that my family will be able to continue its current lifestyle if I should die. I care about my family, and I know I made a wise choice to purchase ABE-sponsored insurance."

life insurance for lawyers

- William Hubbard
ABA Member
ABE Insured since 1988


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