Group 10-Year Level Term Life Insurance Plan
Underwritten by New York Life Insurance Company
The SPE 10-Year Level Term Life Insurance Plan can give you a flexible, affordable way to help plan for your family’s financial future. The Group 10-Year Level Term Life Insurance Plan is an exceptional planning tool—you’ll know exactly how much you’ll pay for life insurance protection for a full ten years.
Your Premiums and Your Benefit Stay the Same for 10 Years
The idea behind the SPE Group 10-Year Level Term Life Insurance Plan is simple—take term life insurance coverage and add a premium feature to keep the rates level for the initial term of 10 years. It’s simple, there are no costly savings or investment features, and rates don’t move up or down. You’ll know exactly how your life insurance can fit into your family’s financial plan.
Eligibility
Members of the Society of Petroleum Engineers under age 65 residing in the United States*, who are in good health and are actively performing the normal, everyday activities commonly associated with someone of their like age (or with respect to NC residents: a person performing the normal activities of a person of like age) are eligible to apply.
A member's lawful spouse under age 65 and all unmarried dependent children ages 15 days through 24 years may also apply. Spouses may apply for coverage amounts up to the same level as the member's.
*Note: Certain state restrictions may apply. Filing approval is pending for: NC, VT and WA. Please contact the Administrator at 1-800-337-3140 or e-mail speinsurance@agia.com for the status of approval.
Coverage of $100,000 to $1,000,000 is Available
You can tailor the Plan's coverage to meet your family's specific needs. Please use the Insurance Worksheet below to help determine your family's coverage.
Insurance Worksheet
How much life insurance do you and your family need? For years, financial planners have recommended 5 to 8 times your annual income*. But these days, with more mobile and two-income families, life insurance needs can vary widely. So, how do you determine how much coverage your family needs? Completing the simple worksheet below can give you a better idea of your family’s unique life insurance needs.
Add the following expenses:
Amounts of Insurance:
Members--$100,000 to $1,000,000 in $10,000 multiples.
Spouse--$100,000 to $1,000,000 in $10,000 multiples, not to exceed 100% of member's coverage.
Children--$5,000
Plan Features
Discounts on Higher Amounts of Coverage
Volume discounts are available for coverage amounts of $250,000-$499,000. Even greater discounts are available for coverage of $500,000 to $1,000,000.
Premium Savings for Non-Smokers
Only non-smokers meeting the highest underwriting standards will qualify for “Preferred” rates. Other non-smokers may qualify for higher “Select” or “Standard” rates. (Note: Smokers may only qualify for “Standard” rates.) Upon approval of your application, you will be notified of the rate classification for each approved person.
Your Coverage Can Continue After the Initial 10 Year Term
Premiums are guaranteed to remain level for the first 10 years of coverage. Then, if still eligible, you may reapply for the 10-year level rates in effect for a subsequent 10-year term; rates for the subsequent term would be determined based on your then current age, health, and smoking status and guaranteed for 10 years. If you're not approved for a subsequent 10-year term of guaranteed rates, or do not apply for a subsequent 10-year term, coverage will continue in force on a conventional, non-guaranteed rate basis with increasing premiums as the insured ages. An alternative at the end of a 10-year period would be to request an exchange to enter into the SPE Traditional Term Life Policy. Please call the Administrator at 800-337-3140 for details.
Current 2009 Annual Premium Contributions
Rates have been provided on an annual basis per $1,000 of coverage to make it easier for you to compare this plan to other insurance plans on the market today.
The cost of this life insurance is based upon the member and spouse's gender*, amount of insurance requested, usage of tobacco/nicotine products, health status, and attained age on the date coverage is issued.
Non-smokers meeting the highest underwriting standards may qualify for the "Preferred" premium rates. Other non-smokers may qualify for higher "Select" or "Standard" rates. Upon approval of your application, you will be notified of the rate classification for each approved person.
Insurance Amounts $100,000-$249,000
Coverage issued in multiples of $10,000
| Current Annual Contribution Per $1,000 of Benefit Amount as of 2009 | |||||||
MALE |
FEMALE |
||||||
Issue Age |
Preferred |
Select |
Standard |
Preferred |
Select |
Standard |
|
20 |
0.76 |
0.86 |
2.09 |
0.68 |
0.78 |
1.78 |
|
21 |
0.76 |
0.86 |
2.09 |
0.68 |
0.78 |
1.78 |
|
22 |
0.76 |
0.86 |
2.09 |
0.68 |
0.78 |
1.78 |
|
23 |
0.76 |
0.86 |
2.09 |
0.68 |
0.78 |
1.78 |
|
24 |
0.76 |
0.86 |
2.10 |
0.68 |
0.78 |
1.78 |
|
25 |
0.76 |
0.86 |
2.10 |
0.68 |
0.78 |
1.78 |
|
26 |
0.76 |
0.86 |
2.11 |
0.68 |
0.78 |
1.78 |
|
27 |
0.76 |
0.86 |
2.11 |
0.68 |
0.78 |
1.78 |
|
28 |
0.76 |
0.86 |
2.12 |
0.68 |
0.78 |
1.79 |
|
29 |
0.76 |
0.86 |
2.15 |
0.68 |
0.78 |
1.79 |
|
30 |
0.76 |
0.86 |
2.16 |
0.68 |
0.78 |
1.83 |
|
31 |
0.76 |
0.86 |
2.16 |
0.68 |
0.78 |
1.83 |
|
32 |
0.76 |
0.86 |
2.16 |
0.68 |
0.78 |
1.83 |
|
33 |
0.76 |
0.86 |
2.16 |
0.68 |
0.78 |
1.83 |
|
34 |
0.76 |
0.86 |
2.16 |
0.68 |
0.78 |
1.83 |
|
35 |
0.76 |
0.86 |
2.22 |
0.68 |
0.78 |
1.86 |
|
36 |
0.77 |
0.89 |
2.32 |
0.69 |
0.80 |
1.95 |
|
37 |
0.79 |
0.92 |
2.46 |
0.74 |
0.84 |
2.09 |
|
38 |
0.84 |
0.96 |
2.62 |
0.77 |
0.88 |
2.26 |
|
39 |
0.88 |
1.01 |
2.84 |
0.80 |
0.94 |
2.46 |
|
40 |
0.92 |
1.07 |
3.06 |
0.85 |
0.98 |
2.64 |
|
41 |
0.97 |
1.13 |
3.34 |
0.90 |
1.06 |
2.84 |
|
42 |
1.03 |
1.22 |
3.67 |
0.96 |
1.12 |
3.04 |
|
43 |
1.10 |
1.30 |
4.05 |
1.03 |
1.21 |
3.28 |
|
44 |
1.17 |
1.41 |
4.46 |
1.10 |
1.29 |
3.51 |
|
45 |
1.28 |
1.52 |
4.87 |
1.16 |
1.38 |
3.77 |
|
46 |
1.39 |
1.64 |
5.36 |
1.23 |
1.44 |
4.05 |
|
47 |
1.51 |
1.78 |
5.87 |
1.29 |
1.53 |
4.35 |
|
48 |
1.62 |
1.94 |
6.42 |
1.35 |
1.62 |
4.66 |
|
49 |
1.77 |
2.10 |
7.00 |
1.43 |
1.71 |
4.98 |
|
50 |
1.93 |
2.30 |
7.57 |
1.52 |
1.83 |
5.31 |
|
51 |
2.09 |
2.50 |
8.13 |
1.62 |
1.93 |
5.65 |
|
52 |
2.24 |
2.71 |
8.67 |
1.74 |
2.05 |
6.01 |
|
53 |
2.42 |
2.95 |
9.24 |
1.86 |
2.17 |
6.37 |
|
54 |
2.64 |
3.20 |
9.88 |
1.99 |
2.31 |
6.74 |
|
55 |
2.85 |
3.49 |
10.62 |
2.12 |
2.48 |
7.13 |
|
56 |
3.10 |
3.78 |
11.44 |
2.24 |
2.64 |
7.47 |
|
57 |
3.34 |
4.10 |
12.31 |
2.38 |
2.81 |
7.80 |
|
58 |
3.65 |
4.46 |
13.30 |
2.50 |
3.01 |
8.15 |
|
59 |
3.99 |
4.86 |
14.47 |
2.66 |
3.22 |
8.60 |
|
60 |
4.39 |
5.36 |
15.82 |
2.86 |
3.50 |
9.20 |
|
61 |
4.84 |
5.91 |
17.30 |
3.12 |
3.82 |
9.96 |
|
62 |
5.32 |
6.56 |
18.91 |
3.42 |
4.16 |
10.87 |
|
63 |
5.90 |
7.28 |
20.80 |
3.77 |
4.58 |
11.91 |
|
64 |
6.57 |
8.11 |
23.11 |
4.16 |
5.02 |
13.08 |
|
All eligible children: $5,000 for $6.00 annually
*Male rates apply to all Montana residents, regardless of a person's sex.
Face Amounts $250,000-499,000
Coverage issued in multiples of $10,000
| Current Annual Contribution Per $1,000 of Benefit Amount as of 2009 | ||||||||
MALE |
FEMALE |
|||||||
Issue Age |
Preferred |
Select |
Standard |
Preferred |
Select |
Standard |
||
20 |
0.51 |
0.61 |
1.82 |
0.44 |
0.53 |
1.53 |
||
21 |
0.51 |
0.61 |
1.82 |
0.44 |
0.53 |
1.53 |
||
22 |
0.51 |
0.61 |
1.82 |
0.44 |
0.53 |
1.53 |
||
23 |
0.51 |
0.61 |
1.82 |
0.44 |
0.53 |
1.53 |
||
24 |
0.51 |
0.61 |
1.84 |
0.44 |
0.53 |
1.53 |
||
25 |
0.51 |
0.61 |
1.84 |
0.44 |
0.53 |
1.53 |
||
26 |
0.51 |
0.61 |
1.85 |
0.44 |
0.53 |
1.53 |
||
27 |
0.51 |
0.61 |
1.85 |
0.44 |
0.53 |
1.53 |
||
28 |
0.51 |
0.61 |
1.86 |
0.44 |
0.53 |
1.54 |
||
29 |
0.51 |
0.61 |
1.87 |
0.44 |
0.53 |
1.54 |
||
30 |
0.51 |
0.61 |
1.89 |
0.44 |
0.53 |
1.55 |
||
31 |
0.51 |
0.61 |
1.89 |
0.44 |
0.53 |
1.55 |
||
32 |
0.51 |
0.61 |
1.89 |
0.44 |
0.53 |
1.55 |
||
33 |
0.51 |
0.61 |
1.89 |
0.44 |
0.53 |
1.55 |
||
34 |
0.51 |
0.61 |
1.89 |
0.44 |
0.53 |
1.55 |
||
35 |
0.51 |
0.61 |
1.96 |
0.44 |
0.53 |
1.60 |
||
36 |
0.52 |
0.64 |
2.05 |
0.45 |
0.56 |
1.68 |
||
37 |
0.53 |
0.66 |
2.18 |
0.47 |
0.58 |
1.82 |
||
38 |
0.56 |
0.70 |
2.34 |
0.52 |
0.63 |
1.99 |
||
39 |
0.58 |
0.76 |
2.55 |
0.56 |
0.67 |
2.18 |
||
40 |
0.63 |
0.81 |
2.78 |
0.59 |
0.73 |
2.35 |
||
41 |
0.67 |
0.88 |
3.06 |
0.65 |
0.79 |
2.55 |
||
42 |
0.76 |
0.96 |
3.38 |
0.70 |
0.86 |
2.75 |
||
43 |
0.84 |
1.03 |
3.74 |
0.77 |
0.95 |
2.98 |
||
44 |
0.91 |
1.14 |
4.14 |
0.84 |
1.02 |
3.22 |
||
45 |
1.01 |
1.24 |
4.55 |
0.90 |
1.10 |
3.48 |
||
46 |
1.10 |
1.36 |
5.02 |
0.97 |
1.18 |
3.74 |
||
47 |
1.20 |
1.52 |
5.53 |
1.02 |
1.27 |
4.03 |
||
48 |
1.29 |
1.66 |
6.06 |
1.09 |
1.35 |
4.33 |
||
49 |
1.41 |
1.82 |
6.62 |
1.16 |
1.43 |
4.65 |
||
50 |
1.54 |
2.00 |
7.18 |
1.23 |
1.54 |
4.97 |
||
51 |
1.71 |
2.21 |
7.73 |
1.33 |
1.65 |
5.30 |
||
52 |
1.89 |
2.42 |
8.26 |
1.45 |
1.77 |
5.65 |
||
53 |
2.09 |
2.64 |
8.82 |
1.56 |
1.89 |
6.02 |
||
54 |
2.31 |
2.89 |
9.46 |
1.71 |
2.04 |
6.37 |
||
55 |
2.55 |
3.18 |
10.16 |
1.84 |
2.18 |
6.75 |
||
56 |
2.79 |
3.48 |
10.97 |
1.96 |
2.34 |
7.10 |
||
57 |
3.05 |
3.75 |
11.83 |
2.07 |
2.51 |
7.41 |
||
58 |
3.33 |
4.11 |
12.80 |
2.21 |
2.72 |
7.76 |
||
59 |
3.67 |
4.51 |
13.94 |
2.37 |
2.93 |
8.20 |
||
60 |
4.06 |
4.98 |
15.27 |
2.56 |
3.15 |
8.78 |
||
61 |
4.51 |
5.54 |
16.71 |
2.83 |
3.50 |
9.53 |
||
62 |
5.03 |
6.20 |
18.28 |
3.14 |
3.84 |
10.42 |
||
63 |
5.60 |
6.92 |
20.13 |
3.50 |
4.25 |
11.43 |
||
64 |
6.25 |
7.74 |
22.44 |
3.87 |
4.66 |
12.57 |
||
All eligible children: $5,000 for $6.00 annually
*Male rates apply to all Montana residents, regardless of a person's sex.
Face Amounts $500,000-$1,000,000
Coverage issued in multiples of $10,000
| Current Annual Contribution Per $1,000 of Benefit Amount as of 2009 | ||||||||
MALE |
FEMALE |
|||||||
Issue Age |
Preferred |
Select |
Standard |
Preferred |
Select |
Standard |
||
20 |
0.45 |
0.56 |
1.75 |
0.39 |
0.48 |
1.46 |
||
21 |
0.45 |
0.56 |
1.75 |
0.39 |
0.48 |
1.46 |
||
22 |
0.45 |
0.56 |
1.75 |
0.39 |
0.48 |
1.46 |
||
23 |
0.45 |
0.56 |
1.75 |
0.39 |
0.48 |
1.46 |
||
24 |
0.45 |
0.56 |
1.76 |
0.39 |
0.48 |
1.46 |
||
25 |
0.45 |
0.56 |
1.76 |
0.39 |
0.48 |
1.46 |
||
26 |
0.45 |
0.56 |
1.77 |
0.39 |
0.48 |
1.46 |
||
27 |
0.45 |
0.56 |
1.77 |
0.39 |
0.48 |
1.46 |
||
28 |
0.45 |
0.56 |
1.79 |
0.39 |
0.48 |
1.47 |
||
29 |
0.45 |
0.56 |
1.80 |
0.39 |
0.48 |
1.47 |
||
30 |
0.45 |
0.56 |
1.82 |
0.39 |
0.48 |
1.49 |
||
31 |
0.45 |
0.56 |
1.82 |
0.39 |
0.48 |
1.49 |
||
32 |
0.45 |
0.56 |
1.82 |
0.39 |
0.48 |
1.49 |
||
33 |
0.45 |
0.56 |
1.82 |
0.39 |
0.48 |
1.49 |
||
34 |
0.45 |
0.56 |
1.82 |
0.39 |
0.48 |
1.49 |
||
35 |
0.45 |
0.56 |
1.88 |
0.39 |
0.48 |
1.53 |
||
36 |
0.46 |
0.58 |
1.97 |
0.40 |
0.51 |
1.62 |
||
37 |
0.48 |
0.61 |
2.10 |
0.43 |
0.53 |
1.75 |
||
38 |
0.51 |
0.65 |
2.26 |
0.46 |
0.57 |
1.91 |
||
39 |
0.53 |
0.70 |
2.46 |
0.51 |
0.63 |
2.10 |
||
40 |
0.57 |
0.76 |
2.70 |
0.54 |
0.67 |
2.28 |
||
41 |
0.63 |
0.81 |
2.97 |
0.59 |
0.74 |
2.46 |
||
42 |
0.70 |
0.90 |
3.28 |
0.65 |
0.80 |
2.66 |
||
43 |
0.78 |
0.98 |
3.63 |
0.72 |
0.88 |
2.88 |
||
44 |
0.86 |
1.08 |
4.03 |
0.78 |
0.97 |
3.12 |
||
45 |
0.95 |
1.19 |
4.43 |
0.85 |
1.05 |
3.38 |
||
46 |
1.05 |
1.30 |
4.90 |
0.91 |
1.12 |
3.63 |
||
47 |
1.13 |
1.45 |
5.40 |
0.97 |
1.20 |
3.92 |
||
48 |
1.22 |
1.60 |
5.93 |
1.02 |
1.29 |
4.22 |
||
49 |
1.34 |
1.75 |
6.48 |
1.09 |
1.36 |
4.53 |
||
50 |
1.47 |
1.94 |
7.03 |
1.18 |
1.47 |
4.85 |
||
51 |
1.63 |
2.12 |
7.56 |
1.27 |
1.57 |
5.18 |
||
52 |
1.82 |
2.33 |
8.09 |
1.39 |
1.69 |
5.52 |
||
53 |
2.01 |
2.56 |
8.64 |
1.50 |
1.82 |
5.87 |
||
54 |
2.23 |
2.81 |
9.25 |
1.63 |
1.96 |
6.23 |
||
55 |
2.46 |
3.08 |
9.96 |
1.76 |
2.10 |
6.60 |
||
56 |
2.71 |
3.38 |
10.74 |
1.88 |
2.26 |
6.93 |
||
57 |
2.95 |
3.64 |
11.59 |
2.00 |
2.43 |
7.25 |
||
58 |
3.25 |
4.00 |
12.55 |
2.12 |
2.63 |
7.59 |
||
59 |
3.56 |
4.39 |
13.66 |
2.29 |
2.84 |
8.02 |
||
60 |
3.95 |
4.86 |
14.97 |
2.49 |
3.06 |
8.59 |
||
61 |
4.39 |
5.41 |
16.40 |
2.74 |
3.40 |
9.33 |
||
62 |
4.91 |
6.05 |
17.94 |
3.05 |
3.74 |
10.21 |
||
63 |
5.47 |
6.77 |
19.76 |
3.40 |
4.14 |
11.20 |
||
64 |
6.11 |
7.57 |
22.02 |
3.76 |
4.55 |
12.32 |
||
All eligible children: $5,000 for $6.00 annually
*Male rates apply to all Montana residents, regardless of a person's sex.
The premium contributions shown above reflect the current rate and benefit structure for an initial 10-year term. Premiums are guaranteed to remain level for the first 10 years of coverage. Then, if still eligible, you may reapply for the 10-year level rates in effect for a subsequent 10-year term; rates for the subsequent term would be determined based on your then current age, health, and smoking status and guaranteed for 10 years. If you are not approved for a subsequent 10-year term of guaranteed rates, or do not apply for a subsequent 10-year term, coverage will continue in force on a non-guaranteed rate basis with increasing premiums as the insured ages. An alternative at the end of a 10-year period would be to request an exchange to enter into the SPE Traditional Term Life Policy. Please call the Administrator at 800-337-3140 for details.
Premiums will be billed semi-annually June 1 and December 1. A $2.00 administrative charge is added for the convenience of semi-annual billing. Premiums may be paid annually to eliminate the $2.00 charge.
Additional Plan Provisions
Effective Date
Coverage for you and any dependents who applied for this Plan becomes effective on the date it is approved by New York Life Insurance Company, provided your first contribution is paid within 31 days after the date you are billed and you and any of your approved dependents are in good health and performing the normal activities of a person of like age on the date of approval. (NC residents: of like age.)
When Coverage Ends
Coverage will end when the insured member or spouse reaches age 75 (25th birthday for children) or earlier if: a) the premium is not paid within the 31-day grace period following the due date, b) the Policy ends or is changed to end insurance for the group of insureds to which the insured belongs, c) the insured member ceases to be a member of the Association, or d) the insured requests in writing to cancel the insurance. Coverage for dependent children will terminate when the child ceases to become an eligible dependent.
Continued Interest Account
Through the Continued Interest Account, death benefit proceeds can be placed in an interest-bearing checking account. While your beneficiaries are evaluating their future plans, their insurance proceeds are guaranteed liquid and earning interest from the date of death of the insured person.
Accelerated Death Benefit
A terminal illness can be emotionally devastating and financially draining. The last thing you and your family need to worry about is how to pay the bills. The SPE Group 10-Year Level Term Life Insurance Plan has a provision that pays up to 50% of your (or an insured dependent's) life insurance benefit if a terminal illness has been diagnosed. Full premiums continue to be payable. For terms, conditions, and limitations, please see the Certificate of Insurance.
Note: The Accelerated Death Benefit is not available to residents of Massachusetts
You Name Your Beneficiary
Your beneficiary can be anyone you choose. Your may change your beneficiary at any time by written request. You are the automatic beneficiary for your covered spouse and children. If you wish to name another beneficiary for spouse insurance, please contact the Administrator for the appropriate forms.
Certificate of Insurance
The information contained in this website is only a partial description of the provisions of this insurance coverage. When you become insured, you will be sent a Certificate of Insurance as evidence of coverage provided under the Group Policy underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Form GMR-G29195/FACE.
30-Day Free Look
Please read your Certificate thoroughly when it arrives and contact the Administrator with any questions. If you are not completely satisfied with the terms of your Certificate, you may return it, without claim, within 30 days for a full premium refund. No questions asked.
How To Apply
The 10-Year Level Term Plan is medically underwritten based on the information provided by you on the application. When you fill out your application, make sure your answers are complete and detailed. Complete information should include the name of physician(s) or hospital(s), street address (and suite or room number), city, state, and ZIP code. Also include a brief description of the nature of an illness or injury, symptoms, treatment and results.
New York Life Insurance Company relies on your answers and statements. Misstatements or failure to report information on your application may be used as the basis for denying or reducing claim benefits, or even invalidating your insurance.
New York Life Insurance Company reserves the right to request medical information to determine an applicants medical eligibility for coverage. Based on the age of the person proposed for insurance and the amount of coverage requested, a physical examination, EKG, blood test or other information may be required. Not all applicants will have to supply additional information. However, if it is required, we will arrange for an independent professional paramedic to contact you to perform these tests at your convenience. These tests are paid for by the Plan.
- Complete and sign the application in ink. Be sure to indicate whether you are requesting coverage for your dependents.
- Send no money now. You will be billed once your coverage has been approved and your rate classification has been determined. (See details for classification in the section called Current 2009 Annual Premium Contribution.)
- Mail your completed application to:
SPE Insurance Program
P. O. Box 189
Santa Barbara, CA 93102-0189
Note: Residents of Puerto Rico should mail their completed applications to Global Insurance Agency, P. O. Box 9023918, San Juan, Puerto Rico 00902-3918.
Important Notice
How New York Life Underwrites Your Request for 10-Year Level Term Life Insurance
Information regarding insurability will be treated as confidential. In considering your request for insurance, we will rely on the medical information you provide, and on the information you authorize us to obtain from your doctor, other medical practitioners and facilities, other insurance companies to which you have applied for insurance, and MIB (Medical Insurance Bureau). New York Life will not disclose such information to anyone except those who you authorize or where required or permitted by law. We may make a brief report to MIB; however, we will not disclose our underwriting decision. Information in our files may be seen by New York Life and Plan Administrator 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.
MIB is a nonprofit organization of life insurance companies which operates an information exchange on behalf of its members. When you apply for insurance or submit a claim for benefits to a MIB company, medical or non-medical information may be given to the Bureau, which may then be furnished to member companies.
If we cannot provide the coverage you request, 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 the 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 at 50 Braintree Hill Park, Suite 400, Braintree, MA 02184-8734, telephone (866) 692-6901. For Canadian residents, the address is 330 University Avenue, Suite 403, Toronto, Canada M5G 1R7, telephone (416) 597-0590. Their toll-free number for both U.S. and Canadian residents is 866-692-6901. For the hearing impaired, it is TTY 866-346-3642.
For NM residents: In addition, PROTECTED PERSONS* have a right of access to certain CONFIDENTIAL ABUSE INFORMATION** 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.
*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 or prospective insured person.
**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 family member, employer or associate of a victim of domestic abuse or a person with whom the applicant or insured is known to have a direct, close, personal, family or abuse-related relationship.
If we can provide the coverage you requested, we will inform you as to when such coverage will be effective. Under no circumstances will coverage be effective prior to this date. Payment of a premium contribution with your application does not mean that there is any coverage in force before the effective date as determined by New York Life.
New York Life Insurance Company – 9/05 ed
Residents of New York: Please read the following notice:
Important Replacement Information
It may not be in your best interest to replace existing life insurance policies or annuity contracts in connection with the purchase of a new life insurance policy, whether issued by the same or a different insurance company. A replacement will occur if, as part of your purchase of a new life insurance policy, existing coverage has been, or is likely to be, lapsed, surrendered, forfeited, assigned, terminated, changed or modified into paid-up or other forms of benefits, loaned against or withdrawn from, reduced in value by use of cash values or other policy values, changed in the length of time or in the amount of insurance that would continue or continued with a stoppage or reduction in the amount of premium paid. Prior to completing a replacement transaction, you may want to contact the insurance company or agent who sold you the life insurance or annuity contract that will be replaced, to help you decide whether replacement is in your best interest.
New York Life Insurance Company – 9/05 ed
SPE Insurance Program
P. O. Box 189
Santa Barbara, CA 93102-0189
800-337-3140
www.speinsurance.com
Email: speinsurance@agia.com
The Association incurs certain administrative expenses in connection with this sponsored program. To provide and maintain this valuable membership benefit, it is reimbursed for such expenses.
The SPE Group 10-Year Level Term Plan is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Policy Form GMR-G29195/FACE. Refer to the Certificate of Insurance for all benefits, costs, eligibility, limitations and exclusions.
The Broker of Record is:
F. Michael Strunk
P. O. Box 511385
Punta Gorda, FL 33951-1385
941-639-3333
California License # 0C30823
Questions? Please call the Administrator at 800-337-3140 or e-mail speinsurance@agia.com.