2025 Monthly Rates For 10-Year Level Term Life Insurance

Your rate for the entire term of your coverage is your rate for your age at the time coverage is issued.^†

	$100,000		$200,000
Age	Non-Tobacco User	Tobacco User	Non-Tobacco User	Tobacco User
35	$4.60	$16.10	$9.20	$32.20
36	4.70	17.30	9.40	34.60
37	4.80	18.60	9.60	37.20
38	5.10	20.00	10.20	40.00
39	5.30	21.60	10.60	43.20
40	5.80	23.30	11.60	46.60
41	6.30	25.20	12.60	50.40
42	7.00	27.20	14.00	54.40
43	7.80	29.30	15.60	58.60
44	8.60	31.60	17.20	63.20
45	9.50	33.80	19.00	67.60
46	10.40	36.00	20.80	72.00
47	11.30	38.30	22.60	76.60
48	12.20	40.80	24.40	81.60
49	13.30	43.60	26.60	87.20
50	14.70	46.60	29.40	93.20
51	16.20	50.00	32.40	100.00
52	18.00	53.60	36.00	107.20
53	19.90	57.50	39.80	115.00
54	22.20	61.70	44.40	123.40
55	24.50	66.20	49.00	132.40
56	26.80	70.70	53.60	141.40
57	29.30	75.40	58.60	150.80
58	32.10	80.90	64.20	161.80
59	35.30	87.80	70.60	175.60
60	39.10	97.30	78.20	194.60

 

Coverage of $10,000 is available for your children at a monthly rate of $2.00. One premium covers all eligible children age 14 days but less than 26 years.

 

Other benefit amounts are available ($50,000 to $500,000 in $25,000 increments). Please call the administrator at 1-800-247-7988 for ages or rates not listed.

 

Your individual premium contribution will be based on your entry age for the fixed 10 year term period. Premium rates are expected but not guaranteed to remain level for the first 10 years of coverage.

 

Coverage will not be reduced during your level term period. However, your amount of insurance will decrease to the lesser of 50% or $50,000 on the Group Policy Anniversary date on or after your 70th birthday.

 

Coverage terminates at age 75.

 

The cost of this life insurance is based upon the member or spouse's amount of insurance requested, usage of tobacco/nicotine products, health status, and attained age on the date coverage is issued. Only Non-smokers will qualify for Non-smoker Rates. Smokers may only qualify for Smoker Rates. Upon approval of your Application, you will be notified of the rate classification for each approved person.

 

If you choose the optional Accidental Death & Dismemberment (AD&D) benefit, you will receive the same level of coverage as your 10-Year Level Term Life Insurance being applied for. The AD&D monthly rate is $0.03 per $1,000.

 

You will be billed quarterly. If applicable, an additional $2.00 billing fee will be included on your billing notice payable to the administrator. To save the fee, select Electronic Funds Transfer (EFT) as a safe and secure payment option.

 

The 10-Year Level Term Life Insurance is offered to persons aged 19-60. 

ELIGIBILITY

Members of ROA under age 61 may request coverage for themselves, their lawful spouse (DP) under age 61 and their eligible child(ren) up to age 26. In order to become insured, individuals must provide satisfactory evidence of insurability and the required premium must be paid. A dependent who is also a member is eligible for either member or dependent coverage, but not both. If both the member and spouse (DP) are covered as ROA members, neither may insure the other as spouse (DP) and only one may insure any eligible children.

 

This coverage is available only for residents of the United States (excluding FL, KY, LA, ME, MT, NY, NC, OR, TX, UT, VT, WA).

 

APPLY FOR UP TO $500,000 OF COVERAGE

Choose the amount of Group 10-Year Level Term Life Insurance you need to help protect you and your family for the next ten years. At the end of your level term period, your amount of insurance will decrease to the lesser of 50% or $50,000 at age 70.

 

Amounts Of Insurance:

Member – $50,000 to $500,000 in $25,000 multiples

Spouse (DP) – $50,000 to $500,000 in $25,000 multiples

 

The total amount of coverage an individual may have under all group life insurance policies underwritten by New York Life Insurance Company may not exceed $1,000,000.

 

In addition, the total amount of coverage an individual may have under all group policies issued by New York Life Insurance Company to the Trustee of the Reserve Officers Association Insurance Trust d/b/a Reserve Organization of America may not exceed the maximum benefit option for any insured person.

 

FEATURES

Secure the policy's most beneficial rates if You're a Qualified Non-Smoker

Only Non-smokers will qualify for Non-smoker Rates. Smokers qualify for higher Smoker Rates, but still specially negotiated rates.

 

RENEWABILITY

Continuing Insurance After the 10-Year Term Ends

Premiums are expected but not guaranteed to remain level for the first ten years of coverage. At the end of the 10-year period, you may reapply for another 10-year level term, at the rate then in effect for a subsequent 10-year period, provided the insured person is under age 61 and otherwise eligible. If your application for a subsequent 10-year term is approved, your premium contribution will be based on the insured person's age, health and tobacco/nicotine use at the time coverage becomes effective for a new 10-year term.

 

If you and/or your spouse (DP) are not approved for a subsequent 10-year term or you do not apply for a subsequent 10-year term, coverage will continue in force on a non-guaranteed rate basis, under which premium contributions increase as the insured ages. Coverage will end earlier if the group policy ends, insurance for your class ends or you fail to pay the premium.

 

Valuable Living Benefit Provision “Accelerated Death Benefit”

The "Accelerated Death Benefit" option is available to help terminally ill insureds during a difficult and often financially challenging time. Under this provision, you may request one advance payment equal to 50% or $100,000 of your (or an insured spouse's/DP's) in force life insurance to be paid while the terminally ill person is still alive. The amount of insurance payable after the insured's death will be reduced by this payment. (Premium contributions will not be reduced.)

 

To qualify, a terminally ill insured must provide New York Life Insurance Company with proof of terminal illness and anticipated life expectancy (12 months or less), as well as any other necessary medical information requested. For additional details and limitations, please see the Certificate of Insurance.

 

Please note that 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.

 

Exclusions

Coverage is payable for death by any cause except death from suicide during the first year of coverage, whether sane or insane, for which the only benefit payable is the return of applicable premium contributions. The validity of any amount of your life insurance which has been in force for one year during an insured's lifetime will not be contested except for insurance eligibility provisions and non-payment of premium contributions.

 

You Name Your Beneficiary

You may select any person, persons, trust or other legal entity as your beneficiary. If, at the time of your death, there are no surviving beneficiaries, benefits will be paid to the executor or administrator of your estate, or at the option of New York Life Insurance Company, to the owner's surviving relatives in the following order of survival: spouse; children equally; parents equally; or brothers and sisters equally.

 

Effective Date

Insurance will take effect on the date your application is approved by New York Life Insurance Company provided the initial contribution is paid when due (send no money now) and any person to be insured is actively performing the normal activities of a person in good health of like age (In NC: of like age) on the date of approval. Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, and the person is still eligible. Dependent insurance will not take effect unless the member or spouse is insured on a premium-paying basis.

 

When Coverage Ends

Coverage will end when the insured person reaches age 75. Coverage will end earlier if: (a) premium contributions are not paid when due; (b) membership in ROA ceases; (c) the group policy is terminated or modified by the Policyholder to end insurance for the group of insureds to which the member belongs; (d) if the insured requests to terminate insurance; (e) for the insured spouse, the last day of the insurance period during which the insured spouse ceases to be the lawful, married spouse of the insured member.

 

Renewal Payments And Claims

Once your application is approved, you will have a 31-day grace period for your payment of renewal premium contributions. When you want to submit a claim, call or write the Administrator for claim forms.

 

Consider Your Eligibility

Before you request coverage, you must be a member in good standing of the ROA. If you have any questions regarding membership, please call the association directly at 1-800-247-7988.

 

Certificate of Insurance

When you become insured, you will be sent a Certificate of Insurance summarizing your coverage. This web page contains only a brief description of some of the Policy's principal provisions and features. The complete terms and conditions including features, costs, eligibility, renewability, limitations and exclusions are set forth in the group policy issued by New York Life Insurance Company to the Reserve Officers Association Insurance Trust d/b/a Reserve Organization of America.

Call the Plan Administrator for more details as coverage varies depending on the coverage.

Yes, a spouse/domestic partner can obtain separate coverage, even if the member doesn't obtain coverage.

This depends on your tobacco/nicotine usage, your age, the amount of coverage for which you apply, and your individual medical history.

Premiums are expected, although not guaranteed, to remain level and will not increase due to age or health status. Premiums will only be increased if they are increased for all insureds in the same age and rate class.

The application process depends on many factors: the number of persons to be insured, their ages, the amount of coverage for which you apply, your medical history and that of your family members (if requesting dependent coverage), and the type of coverage requested.

New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch Ratings (AAA), Standard & Poor’s (AA+) and Moody’s Investors Service (Aaa).

Source: Third Party Rating Reports (as of 10/4/24).

 

AMBA makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at https://web.ambest.com/home. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of AMBA or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.