Group Term Life Insurance Coverage Details and Exclusions

Effective Date of Coverage

Insurance will take effect on the first of the month on or following the date your application is approved by New York Life Insurance Company, provided the initial contribution is paid within 31 days after you are billed and any person to be insured is performing normal activities of a person in good health of like age on the day of approval. If any dependent proposed for coverage is not performing his/her normal activities as required, coverage will not take effect until he/she is performing such activities provided such date is within three months after the date insurance would have been effective and the person is still eligible.

When Coverage Ends

Your insurance can remain in force until you reach age 75, and for your insured spouse as long as they remain eligible, provided:(a) you continue to pay premium contributions when due; (b) the group plan is not terminated or modified by the policyholder to end insurance for the group of insureds to which the member belongs, Note: coverage may continue under a similar NYL policy,  and (c) the insured does not request to terminate insurance. In addition, dependent coverage will terminate when the dependent spouse ceases to be an eligible dependent.

Exclusions

Suicide, attempted suicide or intentionally self-inflicted injury, whether sane or insane, during the first two years of coverage (one year for residents of Missouri) is limited to a refund of total premiums paid.

This is a brief description of the Plan’s principal provisions and features. The complete terms and conditions are set forth in the group policy issued by New York Life Insurance Company to the National Association of REALTORS. A Certificate of Insurance summarizing your benefits under the plan will be sent upon approval of your application.

The REALTORS Group Term Life Insurance Plan is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy No. G-31000-0 on Policy Form GMR-FACE.

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. Not all group plans it underwrites are available in all jurisdictions. New York Life’s state of domicile is New York, and NAIC ID3 is 66915.

This coverage is available only for residents of the U.S. (Currently not available in: Alaska, Florida , Kentucky , Louisiana , Montana , North Carolina, Ohio, South Dakota, Texas, Utah, Vermont, Washington, except territories)

Bates: 1859519

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