New York Life Basic Life & AD&D - 100% District Paid
| Employee Life Insurance & AD&D | $50,000 |
| Spouse/Child(ren) Life Insurance & AD&D | $2,000 |
Voluntary Supplemental Life - 100% Employee Paid
ALL NEW HIRE employees can enroll up to $300,000 or 5 times your annual salary, your spouse can enroll up to $50,000 and children $10,000 on a guarantee issue (GI) basis. This means you will not be required to answer any health questions.
You are eligible to apply for up to 5 times your salary but any amount over the GI will require you to complete an Evidence of Insurability (EOI) form and will be pending until approved by NYL.
During Open Enrollment all employees will have access up to the $300,000 GI for themselves, up to $50,000 for their spouse and up to $10,000 for their children on a guaranteed issue basis. No EOI will be required.
| Coverage | Benefits | Increments |
| Employee Voluntary Life Insurance | 5x salary to a maximum of $500,000 | $10,000 |
| Spouse Voluntary Life Insurance | Not exceed 50% of the Employee's Supplemental Coverage amount up to $250,000 | $5,000 |
| Unmarried Dependent Child(ren) Life Insurance | $2,500, $5,000, $7,500 or $10,000 | - |
For more information and rates, please view the Life Insurance Plans.
Examples of rates for a $100,000 policy:
Age 25: 100 x $0.06 = $6/month
Age 50: 100 x $0.22 = $22/month
Life Insurance Beneficiary FAQ's
New York Life Long-Term Disability - 100% District Paid
66 2/3% of gross monthly earnings.
For more information, please view the Disability Insurance Plan.
- Certificates
- Certificates/Policies
- Evidence of Insurability Application