Term Life Insurance for Lawyers: Up to $2 Million in Coverage at an Affordable Cost
Are you planning to get married or start a family?
Have you recently bought a home or started your own practice?
Do you anticipate paying for your children's college education or caring for aging parents?
Now is the time to be thinking about life insurance. Level term life insurance for lawyers may help pay for any uninsured financial liability, in the event of your death, including
- a mortgage
- college education
- everyday living expenses for your family for many years
By insuring now, when you’re probably healthier, you can establish a valuable foundation of protection that you can maintain as you grow older.*
What makes ABE-sponsored Term Life Insurance exclusively for ABA Members different?
- Portable*: Your term life coverage can move with you as your career changes.
- Unique charitable giving feature: Dividends donated to the ABE help improve the quality of justice in the U.S. and make you eligible for a charitable contribution deduction on your tax return. (Dividends are not guaranteed.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY on 10010 on Policy Form GMR.
What if my firm already provides life insurance?
Although your employer may offer life insurance coverage, you want to be sure that it protects all of your financial obligations. In most cases, employer coverage is one to two times your annual gross income. However, the average financial need can be 5, 10 or 20 times your annual gross income.
How do I know if I have enough life insurance to meet my financial needs?
You should update your life insurance as your circumstances change. If your financial obligations increase, as with the birth of child or the purchase of a larger home, or you move to a new firm, you will want to re-evaluate your life insurance coverage needs. To discuss your specific needs and goals, please contact your ABE Insurance Plan Specialist, or try our online Needs Assessment Tool.
All ABE-sponsored plans are group insurance plans, meaning coverage is issued to an ABA Member under a Certificate of Insurance. It is not provided under an individual policy, nor is it employer/employee insurance. Plans may vary and may not be available in all states.
*Subject to U.S. Government regulation and Group Policy terms governing termination of coverage – see plan section pages.