Group 20-Year Level Term Life Insurance

Members Benefit with 20-Year Group Level Term Life Insurance

As a member of the American College of Obstetricians and Gynecologists, obtaining quality, economical life insurance has never been easier. Your membership gives you access to quality coverage that's portable—staying with you even if you change jobs. Help provide your family with the protection to ensure their financial future with practical 20-Year Group Level Term Life Insurance.

This product is not available in AK, FL, LA, ME, MT, NC, OH, OR, SD, TX, UT, VT, WA.

Frequently Asked Questions

How much life insurance do I need?

The amount of coverage you should purchase will vary on your unique needs. To calculate the right amount, consider your household budget, current expenses (food, mortgage or rent, taxes, etc.), and future obligations (final expenses, education, etc.). Based on your total expenses, you can better determine how much coverage you will need to sustain your family's current way of life.

Who is eligible for this insurance?

The American College of Obstetricians and Gynecologists members and their lawful spouses under age 50 may apply.

How much insurance can I request?

  • Members—$100,000 to $2,000,000 in $10,000 multiples.
  • Spouse—$100,000 to $2,000,000 in $10,000 multiples.
  • Total amount of member coverage for all combined American College of Obstetricians and Gynecologists Group Insurance may not exceed $2,000,000.

Are there any exclusions?

If death is the result of suicide during the first two years of coverage, benefits are limited to return of premiums paid, plus interest. (Subject to state variations.)

How does the Living Benefit work?

During your lifetime, you or your spouse (if applying) can apply to collect an accelerated benefit up to 50% of coverage amount if you are diagnosed with a terminal illness from which you are not expected to recover (as defined in the group policy) and have a life expectancy of 24 months or less. The remaining balance of coverage is then paid to your beneficiary upon death. This Living Benefit can be used to help settle financial obligations or for any use as you see fit. You are eligible to apply for the Living Benefit if you are under age 70. Living Benefits are not payable if you made an absolute assignment of your life insurance under the group policy; the insurance company does not receive written consent by an irrevocable beneficiary; all or part of your life insurance is to be paid to your child(ren) or former spouse as part of a court approved divorce agreement; or the terminal illness is a result of intentionally self-inflicted injury or attempted suicide. Receipt of Living Benefits may be taxable. Please consult a tax advisor for specific details.

When is the coverage effective?

Insurance will take effect on the date your application is approved by New York Life Insurance Company, provided the initial premium contribution is paid within 31 days after the date you are billed (send no money now).

When does the coverage end?

Once insured, coverage will not be canceled as long as you continue to pay your premiums when due during the coverage period, maintain membership as defined in the policy, are under age 70, and the group policy remains in force. After 20 years, if you are under age 50, you can apply for a new 20-year term period with rates based on your age and health status at that time. You can continue coverage up to age 70.

Who is this plan underwritten by?

ACOG Group 20-Year Level Term Life Insurance is underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010, under Group Policy No. G-30462-0 on Policy Form GMR-FACE/G-30462-0.

New York Life is licensed/authorized to transact business in all 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability.

Complete details, including features, costs, eligibility, renewability, limitations, and exclusions are in the Certificate of Insurance. Certain state restrictions apply.

Who Administers the Program?

The College's Group Insurance Program is administered by Pearl Insurance. Pearl Insurance strives to provide College members with the most relevant, competitively priced member benefit insurance packages for individuals and their families. Pearl Insurance has been providing associations like The College with quality group coverage for nearly 55 years. Pearl Insurance license numbers: AR #0100106279, CA #0F76076, MN #8698, OK #0100102347, TX #1442641

What if I have second thoughts after I apply?

When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the Plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund—no questions asked!


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