AAP Group 20-Year Term Life Insurance

Group 20-Year Level Term Life Insurance

Underwritten By New York Life Insurance Company


An Additional Plan to Help Meet Your Insurance Needs.

If you prefer to average your premium costs over time, Level Term Life insurance may be your best option. With fixed rates for a guaranteed term of 20 years, this coverage can be an easy way to budget while helping ensure your family’s financial safety.


Overview of 20-Year Level Coverage*:

  • Up to $1,000,000 in benefits for you and your spouse
  • Guaranteed rates for 20 years
  • Accelerated death benefit
  • Portable within the United States/Canada
  • Multiple underwriting categories and volume discounts for lower rates
  • Continued coverage available after 20-year term
  • Coverage ends at age 75

Important Questions:

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How long can I keep this coverage?

Unlike employer-based coverage, this plan is portable--which means that if you change jobs, your coverage does not terminate. Access to this plan is through your AAP membership. Just maintain your membership to keep your coverage.

What is the difference between Level Term Life and Group Term Life?

A Level Term policy means that the rates are guaranteed for a specific length of time. In this case, the rates are guaranteed not to change for 20 years after the initial coverage effective date.

What happens to the policy once I’ve reached the term?

Premiums are guaranteed to remain level for the first 20 years of coverage, depending on which plan is chosen. At the end of that period, you may reapply for 20-year level term rates then in effect for a subsequent 20-year period, provided the insured person is under age 55 and is otherwise eligible. If your application for a subsequent 20-year term of guaranteed rates is approved, your premium contribution will be based on the insured person's age, health and tobacco/nicotine use at the time coverage becomes effective and will be guaranteed for a new 20-year term.

If you and your spouse are not approved for a subsequent 20-year term of guaranteed rates, or you do not apply for a subsequent 20-year term, coverage will continue in force on a non-guaranteed rate basis, under which premium contributions increase as the insured ages.

I’m a little bit older, should I consider a whole life policy?

That’s an excellent question. Whole or permanent life policies can be a good resource. Keep in mind that whole life/permanent life can build cash value, however, whole life generally costs more than term life. With term life, you know exactly what coverage you’re paying for at an affordable rate.

Have more questions?

For more information on this coverage – features, costs, eligibility, renewability, limitations and exclusions – please download the brochure to the right or contact a specialist.



*Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010—Policy Form GMR-FACE-29220. Available only for members and employees residing in the U.S. USI Affinity is acting solely as Administrator for Canadian residents. New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. However, not all group plans it underwrites are available in all jurisdictions. New York Life's state of domicile is New York, and NAIC ID # is 66915.

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If you wish to apply for this coverage, simply download and complete the appropriate application and send it to USI Affinity.

Legal Information:


This policy can only be applied for by members. A 30 day free look provides an opportunity for return of the Certificate of Insurance without claim and a full refund. Please note state specific applications and other forms if applicable. To view a file you must have Adobe Acrobat Reader installed.

Puerto Rico residents should send application to:
Global Insurance Agency Inc.
P.O. Box 9023918
San Juan, Puerto Rico 00902-3918

AR Insurance License # 325944
CA Insurance License # 0G11911