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Group 10-Year Level Term Life Insurance Plan

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Group 10-YR Level Term Life Insurance Plan

Underwritten by New York Life Insurance Company

LOCK IN YOUR LEVEL TERM LIFE RATE FOR 10 YEARS

Many families are looking for long-term financial security they can depend on. This plan allows members and their spouses to lock in budget-friendly rates and benefit amounts for 10 years. This makes it easy to fit within their busy lifestyles, as well as budget from year to year with the guarantee of no rate increases.

Group 10 Year Level LIP - Tabbed Content

Overview

  • Protection Available up to $1,000,000
  • Full benefits are payable on the very first day your coverage goes into effect.
  • Flexible Spouse Coverage. Have your spouse apply so you can live comfortably knowing your spouse is covered too.
  • Convenient Payroll Deduction*. As a CSEA member, you'll never have to worry about paying your premiums on time. Your premiums are paid through the convenience of payroll deduction*.
  • Same Premium Rate for 10 Years. By locking in your rates based on your effective age, you can save money if you apply before your next birthday. And, thanks to the collective buying power of CSEA, you pay competitive rates.
  • Evidence of insurability is required

* Payroll deduction is only available for SEIU, CSUEU, ACSS, and Retirees. All other groups leverage auto-renewal through automatic bank deduction or credit card.

Benefits

RATES STAY THE SAME FOR A FULL 10 YEARS

There's no need to budget for annual rate increases for your added insurance coverage. The premium rates for this new CSEA life plan lock in for the first 10 years of your coverage.

BENEFITS STAY THE SAME FOR A FULL 10 YEARS

You can also rest assured that the coverage you set up now will be the same level of coverage available for your loved ones 10 years from now. Your benefits will not cut back just because you get older or retire.

ACCELERATED DEATH BENEFIT

This valuable feature allows you to collect half of your benefit amount up to $250,000 at a time when you'll need it most. If you're diagnosed with a terminal illness and given a life expectancy of 12 months or less, you can access your cash benefits to use any way you see fit.

This added cash can be used to help pay medical bills ... or to cover household expenses so a family member can stop working to care for you. The remainder of your benefit will then be paid to your beneficiary.

Please note that the receipt of Accelerated Death Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should consult with the appropriate social services agency and seek the advice of a qualified tax advisor.

HOW TO APPLY TO CONTINUE 10-YEAR LEVEL COVERAGE PLAN

You can continue your 10-Year Level Plan for another decade and receive locked in rates again for you and your spouse!

  • Apply for another 10 Year Level Term at your then current age as long as you're under 65;
  • Continue with no interruption of coverage by accepting the non-guaranteed rates;
  • Convert a portion of your coverage into the TermPLUS plan (details in FAQ's)

Current 2019/2020 Premium Rates

CHECK OUT YOUR PREMIUM RATES BELOW!

$100,000 - $249,999 Coverage Amount Rate Chart: View Rate Chart

$250,000 - $499,999 Coverage Amount Rate Chart: View Rate Chart

$500,000 - $1,000,000 Coverage Amount Rate Chart: View Rate Chart

There are 3 categories available for members to apply for, after being medically underwritten: Preferred, Select, and Standard.

FAQs

Yes. You may be eligible to apply for up to a million dollars of life insurance coverage. CSEA offers additional Group TermPLUS Life and Group Whole Life insurance plans. Please note that the combined amounts of all Group TermPLUS Life coverage, all Group Whole Life Coverage, and all 10-Year Level Term Life coverage in effect for the member cannot exceed $1,000,000. Call us at 1-800-296-2732 if you are interested in enrolling in additional insurance.

*Payroll deduction is only available for SEIU, CSUEU, ACSS, and Retirees (through CalPERS). All other groups leverage auto-renewal through automatic bank deduction or credit card.

Terms

Effective Date of Coverage

Your CSEA Group 10 Year Level Life benefits can begin following approval from New York Life. Your coverage will take effect on the first day of the month after your application has been approved and first payment has been received, via payroll deduction or from CalPERS if you are retired. Once approved you will receive a Certificate of Insurance describing the terms and conditions of your coverage. If you are not working full-time on the date your insurance is scheduled to become effective, your insurance will not become effective until you return to full-time work. However, if you are not actively working due to a non-working day, you will still become insured on the scheduled effective date provided you would have been able to do your regular job on that non-working day.

When Coverage Ends

Providing your premium is paid, you remain a CSEA member and the Group Policy remains in effect your guaranteed premium term will be for a term of 10 Years.

After your guaranteed term ends you can continue your coverage to age 90 using the non-guaranteed rates. There are other options available. Your administrator will instruct you prior to your term ending regarding your choices.

At the end of your 10 year guaranteed term, if you are a CSEA member and under age 65 you have the option of:

  1. Applying for another 10 Year Level Term at your then current age. Full medical underwriting is required.
  2. Using the CSEA Group TermPlus Life Plan's Exchange Provision which will allow you to exchange a maximum of 30% (up to a maximum of $300,000) of your Level Coverage for the Group TermPlus coverage (G30380-0) without medical evidence.

DEFINITIONS:

Beneficiary Designation

You can name any beneficiary you wish for member coverage. You may change this beneficiary at any time, by written request. Your beneficiary is the person(s) last designated by you in writing, and recorded by or on behalf of New York Life Insurance Company. You are the automatic beneficiary for dependent insurance, as described in the Certificate of Insurance. If you wish to name another beneficiary for dependent spouse or child insurance, contact the administrator at 1-800-296-2732 for the applicable form.

Life Coverage Exclusions

In the case of death due to suicide, an attempt at suicide or intentionally injuring oneself within 12 months of coverage, the benefit will be limited to the return of premiums paid.

THIS WEBSITE CONTAINS ONLY A GENERAL DESCRIPTION OF THE PRINCIPAL PROVISIONS, DEFINITIONS AND LIMITATIONS OF THE INSURANCE. THE COMPLETE TERMS AND CONDITIONS ARE SET FORTH IN THE GROUP POLICY ISSUED BY NEW YORK LIFE INSURANCE COMPANY FOR THE MEMBERS OF CSEA UNDER GROUP POLICY G-30381-0. PLEASE REFER TO THE CERTIFICATE OF INSURANCE.

Important Information from New York Life Insurance Company

New York Life Insurance Company reserves the right to request medical information to determine applicant's medical eligibility for coverage. Based on the age of the person proposed for insurance and the amount of coverage requested, a physical examination, EKG, blood test or other information may be required. Not all applicants will have to supply additional information. However, if it is required, New York Life will arrange for an independent professional paramedic to contact you to perform these simple tests at your convenience. The exam and blood test are free-of-charge.

If we can provide the coverage you requested, we will inform you as to when such coverage will be effective. Under no circumstances will coverage be effective prior to this date. Payment of a premium contribution with your application does not mean that there is any insurance in force before the effective date as determined by New York Life.

IMPORTANT NOTICE

How New York Life Obtains Information and Underwrites Your Request for Group 10-YR Level Term Life 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.

Your AUTHORIZATION may be used for a period of 24 months from the date you signed the application for insurance, unless sooner revoked.  The AUTHORIZATION may be revoked at any time by notifying New York Life in writing at the address provided.  Your revocation will not be effective to the extent New York Life or any other person already has disclosed or collected information or taken other action in reliance on it, or to the extent that New York Life has a legal right to contest a claim under an insurance certificate or the certificate itself.  The information New York Life obtains through your AUTHORIZATION may become subject to further disclosure.  For example, New York Life may be required to provide it to insurance, regulatory or other government agencies.  In this case, the information may no longer be protected by the rules governing your AUTHORIZATION.

MIB and other insurance companies may also furnish New York Life, its subsidiaries or the Plan Administrator 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 the Plan Administrator, other insurance companies to which you may apply for life and health 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 Plan Administrator 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 the 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).  For Canadian residents, the address is: MIB Information Office, 330 University Avenue, Suite 501, Toronto, Ontario, Canada M5G 1R7, telephone 416-597-0590.  Information for consumers about MIB may be obtained on its website at www.mib.com.

If we can provide the coverage you requested, we will inform you as to when such coverage will be effective. Under no circumstances will coverage be effective prior to this date. Payment of a premium contribution with your application does not mean there is any insurance in force before the effective date is determined by New York Life.

For NM Residents:  PROTECTED PERSONS 1 have a right of access to certain CONFIDENTIAL ABUSE INFORMATION 2 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.

1 PROTECTED 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.

2CONFIDENTIAL 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                                                                                                                                           7.15 ed.

If we can provide the coverage you requested, we will inform you as to when such coverage will be effective. Under no circumstances will coverage be effective prior to this date. Payment of a premium contribution with your application does not mean that there is any insurance in force before the effective date as determined by New York Life.

Endorsed by: California State Employees Association

 

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The CSEA incurs certain administrative expenses in connection with this sponsored program. To provide and maintain this valuable membership benefit it is reimbursed for such expenses.

California State Employees Association
Administered by A.G.I.A., Inc.
PO Box 9997
Santa Barbara, CA 93121-0997

A.G.I.A, Inc. is licensed and authorized to transact business in all 50 United States, and the District of Columbia. Their state of domicile is California. J. Christopher Burke, California Agent license number: 0F70947. J. Christopher Burke, Arkansas Agent license number: 8876308.

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This Group 10 Year Level Term Insurance Plan is underwritten by:
New York Life Insurance Company
51 Madison Avenue
New York, NY 10010

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Under Group Policy G-30381-0 on policy form GMR-FACE/G-30381-0.

New York Life is licensed/authorized to transact business in all of the 50 United States, District of Columbia, Puerto Rico and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the plan details for current availability. New York Life Insurance Company's state of domicile is New York and their NAIC ID# is 55915.

This is not a policy or Certificate of Insurance. It merely summarizes the benefits available and is for informational purposes only. The complete terms and provisions including exclusions and limitations of coverage and conditions under which it may be kept in force are contained in the Group Master Policy issued by New York Life Insurance to the California State Employees Association.

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Group-10-Year-Term-Life-Application.pdf Download
Group-10-Year-Term-Life-Application.pdf
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Group 10-YR Level Term Life Insurance Plan Side Content

Lock in Your Premium Rate for 10 Years!

Once your application is approved, your rates will lock in for 10 years.

Apply Today!