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 in up to $300,000 or 5x your annual salary, your spouse can enroll in up to $50,000 and Children $10,000 on a guaranteed issue (GI) basis. That means you will not have to answer any health questions!
You are eligible to apply for up to 5 times your salary but any amount of the GI will require you to complete an Evidence of Insurability (EOI) form and will be pending until approved by NYL.
| 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