In Uncertain Times, Certainty Matters
Find out how life insurance through AVMA Insurance Services can help ensure your loved ones are financially supported after you’re gone.
Life is a journey, filled with ups and downs—and in uncertain times, having the right protection in place matters more than ever. Take some time to reflect on the crucial role life insurance plays in providing financial security and safeguarding the future of your loved ones.
Picture this: You come home from a hard day at work. You discover dinner on the table, and your son has made a hand drawn card that reads “I love you.” Suddenly, your day isn’t so hard anymore.
Who are the people you love? Your children, mother, significant other, husband, sister—the people who make you smile, the ones who support you—the ones whose futures you want to be bright. These are the people life insurance was made for.
AVMA Insurance Services has worked with New York Life Insurance Company to create life insurance coverage that works hard for you and yours. Because while you can’t put a price on love, protecting the people you care about most—when it’s needed most—matters.
1. Provide income for loved ones—when they really need it. Life insurance can’t replace you, but it can replace some or all of your income if you were to die. In the immediate term, it can cover the cost of funeral expenses, pay off debts and help defray day-to-day expenses like food, clothing and housing. Longer term, life insurance can help finance college tuition—and even ensure your spouse or partner’s retirement dreams are realized. Life insurance is about providing financial stability and enhancing the lives of your loved ones both now and in the future.
2. Meet essential household needs. Think of all the work parents do at home to run a household and care for the family. It’s invaluable—and insuring all they do is, too. Life insurance can pay for vital household services—like childcare, transportation and chores—to make the day-to-day lives of those you hold dear more secure in the event a provider is no longer around.
3. Gain benefits you can use—during your lifetime. When life takes an unexpected turn, you need all the help you can get. Coverage features and optional riders can help you customize the right type of coverage for you. And since life insurance through AVMA Insurance Services was designed with people like you in mind, there are features—built-in and optional—which may address your needs.
- The Chronic Illness Rider is an optional rider available for purchase with the AVMA member-exclusive Family Group Life Insurance and a built-in feature on the 45+ Term Life Advanced coverage. You can access to up to 50% of the death benefit while living* to help defray the costs from a qualifying chronic illness or a permanent cognitive condition—while leaving the remaining benefit to your beneficiaries.
- Waiver of Premium, a feature of Family Group Life, lets you continue coverage without paying the premium, if you become seriously ill or disabled before age 60 and are unable to earn an income for six or more months to pay the premium.
- A Terminal Illness Benefit is included with Level Term Life, Family Group Life, and 45+ Term Life Advanced Insurance. If you are diagnosed with a qualifying terminal illness, you can receive 50% your death benefit while living.*
- The Inflation Guard Feature on Family Group Life can help you keep pace with your anticipated changes in income and needs with automatic benefit increases available for up to three years for qualifying insureds. Your premium costs adjust accordingly, but you won’t need to undergo additional medical underwriting on the new coverage amount.
4. Leave a lasting legacy. Life insurance can create a financial legacy—funding the futures and fueling the dreams of the people of your choosing. From supporting a favorite nonprofit to starting a scholarship program, the legacy you leave behind is all up to you. But you need adequate funds to make a real difference. Life insurance can provide the assets you need to improve the lives of others in your name.
Life insurance can help make life easier for the most important people in your life, and there’s no better time than now to consider it, because in uncertain times, certainty matters.
For more information about life insurance available through AVMA Insurance Services, including features, costs, eligibility, renewability, limitations, and exclusions, visit our product pages or give us a call at (800) 228-7548.
*Receipt of Accelerated Death Benefits may affect your eligibility for public assistance programs and may be taxable.
Underwritten by New York Life Insurance Company, New York, NY 10010 on group policy form GMR-FACE/G-14884-0 (FGL), G-14885/6 (10YT/20YT), and G-14884-5 (45+TL) issued to the Trustees of the AVMA LIFE Trust.
NYL-6979301.3
