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Group 10-Year Level Term Plus Life Insurance

Underwritten by New York Life Insurance Company

Valuable Protection at Group Rates Guaranteed to Remain the Same for 10 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 Group 10-Year Level Term Plus Life offers 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 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.

To better meet members' needs we also have available the ABE-Sponsored Group 20-Year Level Term Life Insurance Plan and the 5-Year Banded Group Term Life Insurance Plan. This website contains information about all of our Group Life Insurance plans. For a brief overview of why the ABE-sponsored Group Level Term Plus Life Insurance Plans might be right for you and your family, click here for your free whitepaper.

Coverage For You

As an ABA member under age 65, you are eligible to apply for any benefit amount from $100,000 to $2,000,000 in $10,000 increments. Coverage is not available for residents of Washington, or outside the U.S. except the U.S. Virgin Islands. The total amount of coverage under all ABE Group 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 apply for any spouse/domestic partner (DP) benefit amount from $100,000 to $2,000,000 in $10,000 increments (minimum of $100,000). Your spouse/DP must be less than age 65, and spouse/DP coverage cannot exceed 100% of your coverage. A Domestic Partner 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. You can also insure all unmarried, dependent children from 6 months through 24 years of age for $5,000 each; a child may not be insured for more than one $5,000 benefit under all 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 separate member coverage, but you may not insure each other as a spouse/DP on your coverage. Only one certificate can carry dependent children.)

If you die, your insured 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 are paid when due and the group Plan remains in force.

Lock In Your Economical Group Rate For 10 Years

The ABE-sponsored Group 10-Year Level Term Plus Life Insurance Plan offers life insurance protection with premiums that are guaranteed for an initial 10-year period, and level amounts of insurance until termination at age 75. You have two renewal options after the 10-year term ends:

  1. You can reapply for a new 10-year term if you are under age 65 and still meet eligibility requirements. If your application is approved, your premium contributions will be based on your age, health, and smoking status at the time coverage becomes effective and will be guaranteed for the new 10-year term.
  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 you reach age 75.

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 your total life insurance in force if you are 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.

Conversion Provision

If you should drop your ABA/ABE membership, or your coverage terminates involuntarily, you have the right to convert your Group Ten-Year Level Term Plus Life Insurance Plan 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 Group 10-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 actively performing the normal activities of a person in good health of like age on the effective date. Coverage for your dependents, if approved, goes into effect when your coverage does. Any person who is not performing his/her normal activities as required will not become insured until the day such person is performing such activities, 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: For MD and NC residents, any reference to the performance of normal activities by a person in good health of like age is replaced by the requirement that the health status of any proposed insured remains the same as stated in your application.

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 Level Term Life Group Insurance plan is not terminated by the ABE or New York Life, you may continue your ABE Group Ten-Year Level Term Plus Life Insurance Plan until the May 31st on or next following your 75th birthday. Coverage for your dependents ceases upon the termination of your coverage, or when they no longer meet the eligibility requirements, whichever is earlier.

Our 30-Day Free Look

When you receive your Certificate(s) of Insurance, please read 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.

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. Benefits are payable for death from any cause except suicide during the first two years of the policy. Missouri residents: Benefits will not be paid for death resulting from suicide within the first 2 years if New York Life can show that suicide was intended at the time of application.


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 the 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 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.

2 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


Group 10-Year Level Term Plus Life Insurance Rates

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

Founded by the ABA in 1942, the American Bar Endowment is a §501(c)(3) not-for-profit organization composed of members of the American Bar Association. ABE makes annual grants to the American Bar Foundation and ABA Fund for Justice and Education to fulfill ABE’s charitable purpose of improving the administration of justice, one of our profession’s highest obligations, by funding research, public service and educational projects in the field of law. ABE also maintains a Legal Legacy Fund for the permanent support of its grantees. By participating in the Endowment’s group insurance programs, designed for and available only to ABA members, members can contribute to these efforts. Attorneys who enroll in ABE-sponsored insurance programs agree that their share of any experience credits paid on the policies may be retained by the Endowment for its charitable purposes unless reclaimed as outlined below. The Internal Revenue Service has ruled that members who leave their experience credits with the Endowment are eligible for a charitable contribution deduction on their individual income tax returns.

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

Members who wish to request a refund of their experience credits 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. You do not need to wait for this information as refund requests are accepted beginning January 1. To request that experience credits be paid to you rather than donated to ABE: After the first policy year of your participation, a written request for refund (by mail, fax, or e-mail to experiencecredits@abendowment.org) must be made each year and must reach the Endowment by December 15. When ABE receives your refund request, it 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 experience credits, 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 aone-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 experience credits to ABE must make a written request for refund each year, using the procedures above. When members sign the application, they are agreeing to make an annual decision whether to contribute. Do not sign the application if you do not agree with these procedures.

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) issued by New York Life Insurance Company to the American Bar Endowment.

Bonnie Czarny 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.


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