Get Your ITEEA New-Member Benefit Now

$60,000 of Group Term Life Insurance
paid through ITEEA for 2 full years

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Not available in NV, OR, SD, VT.

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There are no health questions to answer nor medical exams required.

Your acceptance is guaranteed, as long as you meet eligibility requirements.

Coverage will not automatically renew, and there’s no obligation to buy.

It's Yours for the Taking ...

Two years of group term life insurance ... $60,000 of coverage ... at no cost to you. Your premiums are paid by the Trust for Insuring Educators (TIE) on behalf of ITEEA, your sponsoring association. Activating your no-cost coverage online is quick and easy.

After two years, you’ll have the option to renew this valuable insurance protection at the prevailing group rates —and we certainly hope you do!

However, the decision is entirely up to you.

Eligibility Guidelines

You are eligible for this new-member benefit if you:

  • Are a U.S. resident (except NV, OR, SD, VT, or any Territory such as Guam or Puerto Rico)
  • Are a new member of ITEEA or another professional association affiliated with the Trust for Insuring Educators
  • Are age 18 to 59 on the policy issue date, which is the first day of the month following receipt and approval of your enrollment by New York Life Insurance Company
  • Are not a current or past policyholder of a TIE Group Term Life Insurance plan
  • Have not applied in the past and been turned down for a TIE Group Term Life Insurance plan

Additional Coverage

Does your family need more than $60,000 of life insurance? There are several options to add coverage above the $60,000 you may receive through the New-Member No-Cost Insurance program:

  • You can apply for up to $120,000 of additional term life insurance at the same time as you enroll online in the New-Member No-Cost Insurance program. This upgrade in coverage involves a simplified insurance application with three health questions. Affordable rates apply.
  • When you apply for paid insurance (in addition to your $60,000 no-cost coverage) your spouse also may apply for coverage. A spouse's coverage cannot exceed the member's paid coverage by more than one unit ($20,000). Premiums for the spouse are based on the member's age when coverage becomes effective. Dependent children can be insured for up to $12,000 each when the member purchases additional insurance. Call Customer Service at (800) 821-7303 to request a Spouse & Dependent Insurance Application for the TIE Term Life Plan.
  • Higher amounts of group term life insurance — up to $1 million in coverage for the member and spouse — are available by submitting a fully underwritten application that involves the disclosure of more detailed health information. This application is available for online submission or by calling Customer Service at (800) 821-7303. Ask for assistance with the "TIE Group Term Life Plan.”

Coverage Highlights

A term life insurance policy can give you added peace of mind knowing that you are helping protect your family from serious financial burdens in the event of your death. New members are eligible to receive $60,000 of group term life insurance at no cost for two full years. The premium for this coverage is paid by the Trust for Insuring Educators (TIE) on behalf of your professional association.

Features
  • Guaranteed coverage, regardless of health status, for members who meet the eligibility requirements shown below
  • Plan pays benefits in addition to other insurance you may have
  • You can choose to continue the coverage beyond the two-year, no-cost period regardless of changes in your health as long as you pay premiums when due
  • Additional coverage available up to $1,000,000 at TIE group rates
  • Rates are applied in five-year age bands and are the same for both genders
Eligibility

New members of associations affiliated with the Trust for Insuring Educators (TIE) are eligible for coverage if they are: U.S. residents (except NV, OR, SD, VT); are age 18 to 59 on the policy issue date, which is the first day of the month following receipt and approval of their application by New York Life Insurance Company; are not a current or past policyholder of a TIE group term life insurance plan; and have not applied in the past and been turned down for a TIE group term life plan.

A member’s spouse* is eligible to apply for insurance coverage when the member applies for paid insurance (in addition to the $60,000 no-cost coverage). A spouse's coverage cannot exceed the member’s paid coverage by more than one unit ($20,000). Premiums for the spouse are based on the member's age when coverage becomes effective. A member’s unmarried, dependent children ages 14 days to 21 years (23 years if a full-time student) can be insured for up to $12,000 each when the member purchases additional insurance. Call Customer Service at (800) 821-7303 to request a Spouse & Dependent Insurance Application for the TIE Term Life Plan.

* Some states define eligibility to include domestic partner. Contact the Group Insurance Administrator for a Declaration of Domestic Partnership form.

Benefits

Accelerated Death Benefit.1 If you or your spouse has been diagnosed with a terminal condition that results in an expected life span of 12 months2 or less, the Accelerated Death Benefit will pay up to 50% of the insured's term life amount. Diagnosis and evaluation of limited life expectancy must be provided to New York Life Insurance Company. The benefit will be paid to the insured member upon acceptance of the claim. Upon the death of the insured, the amount of insurance then payable will be reduced by the amount paid under the Accelerated Death Benefit.

1Accelerated Death Benefit not available to residents of Massachusetts

224 months in Illinois

Please note that receipt of accelerated death benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying for such benefits you should consult with the appropriate social service agency and seek the advice of tax counsel.

Waiver of Premium Benefit. If you become totally disabled while insured and before age 60, and the disability lasts for at least nine months, your coverage will continue with no premium due. The plan premiums will be waived as long as you are disabled. Your amount of coverage will be subject to the age-related decreases shown on the rate table. Evidence of continued disability is required periodically.

Effective Date

Coverage becomes effective on the first day of the month following receipt and approval of your application by New York Life Insurance Company.

When Coverage Ends

This no-cost coverage ends 24 months from the effective date unless you authorize renewal and pay the premium as billed. You will receive renewal information at least 30 days before the no-cost coverage period ends. If you choose to renew, your coverage will continue as long as you pay premiums when due and the group policy is not terminated by New York Life or the Trust for Insuring Educators.

Limitations

In the event of your death by suicide during the first 24 months of coverage (Missouri and North Dakota residents, 12 months), benefits are limited to a refund of premiums paid.

Current Quarterly Rates
For Member and Spouse as of January 2017
Member’s Age Non-Smoker Rate Smoker Rate Unit of Coverage
Under 25 $1.44 $1.80 $20,000
25-29 $1.49 $1.86 $20,000
30-34 $2.28 $2.85 $20,000
35-39 $3.36 $4.20 $20,000
40-44 $4.68 $5.85 $20,000
45-49 $6.60 $8.25 $20,000
50-54 $11.40 $14.25 $20,000
55-59 $19.50 $24.38 $20,000
60-64 $34.00 $43.00 $20,000**
65-69 $34.00 $43.00 $13,350**
70-74* $62.70 $80.00 $7,600**
75-79* $75.00 $95.00 $5,000**
* Rates for renewal only. The plan is closed to new applicants age 69 and older.
** An Automatic Reduction of Coverage is effective for age bands beginning at 65, 70 and 75. Premiums do not reduce.


Underwriter and Administrator

This plan is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, using policy form GMR-FACE-G6300.

The plan is administered by Forrest T. Jones & Company, 3130 Broadway, Kansas City, MO 64111-2406. For Arizona residents, the plan is administered by Forrest T. Jones Consulting Company.

Frequently Asked Questions

What type of insurance is this?

This is term life insurance, which is the most basic and affordable form of life insurance.

Does this plan accumulate cash value?

No. This plan provides life insurance protection for a specified period of time based on the amount of premium paid in advance. The premium for your first two years is paid by the Trust for Insuring Educators (TIE), on behalf of your professional association.

What does the term “guaranteed acceptance” mean?

The term indicates you are guaranteed to be issued coverage, regardless of your health status, provided you meet all eligibility requirements.

What does the plan really cost?

There is no cost to you for the first two years. Thereafter, if you choose to retain the coverage, you are subject to the regular rates for this group plan, which are established in five-year age bands (see Coverage Highlights). When an insured enters a new age band, his or her rate increases. There are separate rates for smokers (tobacco users) and non-smokers but no rate distinction based on gender. Coverage can be requested in $20,000 increments, called units. The plan is guaranteed renewable to age 80, provided premiums are paid when due.

What if I need more than $60,000 of coverage?

You can apply for up to $120,000 of additional term life insurance at the same time as you enroll online in the New-Member No-Cost Insurance program. This upgrade in coverage involves a simplified insurance application with three health questions. Affordable rates apply.

Higher amounts of group term life insurance — up to $1 million in coverage — are available by submitting a fully underwritten application that involves the disclosure of more detailed health information. This application is available for online submission or by calling Customer Service at (800) 821-7303. Ask for assistance with the "TIE Group Term Life Plan.”

What happens after my two years of “no cost” coverage are up?

You will receive a premium notice to continue your coverage. If you choose not to pay this bill, your coverage will terminate.

If you purchased an upgrade in addition to the $60,000 no-cost coverage, your account will be handled differently. When the no-cost coverage expires, you will receive a single premium notice to continue the plan, including your upgrade.

Can my spouse get coverage?

Yes, when you apply for paid insurance (in addition to your $60,000 no-cost coverage). A spouse's coverage cannot exceed the member's paid coverage by more than one unit ($20,000). Premiums for the spouse are based on the member's age when coverage becomes effective. Dependent children can be insured for up to $12,000 each when the member purchases additional insurance. Call Customer Service at (800) 821-7303 to request a Spouse & Dependent Insurance Application for the TIE Term Life Plan.

Your coverage is underwritten by New York Life Insurance Company, one of America’s oldest and most trusted insurance companies.

New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies — an important measure when you’re relying on a company to provide financial protection for your family.

New York Life A.M. Best Fitch Ratings Standard & Poor's Moody's
A++ AAA AA+ Aaa
  Source: Third Party Ratings Report as of 8/1/2017

New York Life Insurance Company (NAIC 66915) is licensed to transact business in all 50 United States and the District of Columbia and is domiciled in the state of New York at 51 Madison Avenue, New York, NY 10010.

Need One-on-One Help?

For Customer Service
Call: 800-821-7303
Monday thru Friday, except holidays
6:30 a.m. to 6:30 p.m. CST
Contact Us

Your coverage is offered through the Trust for Insuring Educators (TIE), of which ITEEA is a member.

For more than 40 years, TIE has been helping educators and their families with access to affordable insurance protection and specialized insurance products. Today, the Trust serves the insurance needs of more than 250,000 educators throughout the nation.

TIE and the ITEEA Member Insurance Program are administered by Forrest T. Jones & Company, a national leader in association insurance programs.

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