At a Glance

Life Insurance You and Your Family Can Count On: Here's term life insurance you can depend on for a full twenty years for premiums that will not go up and benefits that will never go down. You can renew coverage up to age 75,subject to all termination of coverage provisions.

Available exclusively to IEEE Members and Spouses Under Age 55: With the IEEE Group 20-Year Level Term Life Insurance Plan, you can help protect your family from the unnecessary financial burdens of your or your spouse's premature death.

Renewable Until Age 75: You can renew your life insurance under this IEEE Plan until age 75, subject to all termination of coverage provisions.

High Amounts of Member and Spouse Coverage: Select a coverage amount to help meet your needs, from $100,000 up to $2,000,000 (in $10,000 units).

Affordable Group Rates that Remain Constant for Twenty Years: Compare the premiums for the IEEE Group 20-Year Level Term Life Insurance Plan to similar level term life plans on the market today. You'll probably be surprised at how much life insurance you can afford.

Take Advantage of Rate Classes and Volume Discounts: First, the Plan features "Select" and "Preferred" rates for which most non-smoking IEEE members may qualify. In addition, you can benefit from volume discounts when you apply for higher amounts of insurance.

Send No Money Until You're Approved

Convenient Monthly Payment Option: An Electronic Funds Transfer (EFT) option offers a time-saving convenience.

No Exclusions! After coverage is validly in force for two years, benefits are payable for death from any cause, anywhere in the world.

Portable Coverage: The Plan offers portable coverage that can follow you throughout your career. Make all the career changes you want and still be able to maintain this valuable protection. Subject to U.S. Government regulations.

Continued Interest Account: This guarantees that a beneficiary's insurance proceeds remain liquid and earn interest from the date of an insured person's death.

Living Benefit Option ("Accelerated Death Benefit"): Enables you to apply for a portion of your benefits if you qualify as being terminally ill, subject to certain policy restrictions and limitations. These benefits are paid directly to you, and you may spend them any way you wish. (Note: The Accelerated Death Benefit is not available to residents of Massachusetts.)
 

Underwritten by New York Life Insurance Company

 ELIGIBILITY

This Plan is available exclusively to IEEE members* under age 55, who may request coverage for themselves, their lawful spouses under age 55 and all unmarried dependent children ages 14 days through 22 years (24 if a full-time student). In order to become insured, individuals must provide satisfactory evidence of insurability and the required premium must be paid.

A dependent who is also a member is eligible for either member or dependent coverage, but not both. If both the member and spouse are covered as members, neither may insure the other as spouse and only one may insure any eligible children.

This coverage is available only for residents of the United States (except territories), Puerto Rico and Canada (not available to residents of Quebec and British Columbia). Note: This coverage is available to residents of Canada through Marsh Canada Limited. Stephen Fretwell, an employee of Marsh Canada Limited, acts as broker with respect to residents of Canada.

*Participation in the IEEE Group Insurance Program requires active IEEE membership status during the life of the plan.

Non-Dependent Family Members: Any eligible "non-dependent" family members may also apply for coverage as long as they join IEEE as an Associate Member. For membership information, please call IEEE directly at 1-800-678-IEEE.

APPLY FOR UP TO $2,000,000 OF COVERAGE

Choose the amount of Group 20-Year Level Term Life Insurance you need to help protect you and your family for the next twenty years--without the worry of premiums that could go up or benefits that could go down.

Amounts Of Insurance:

Members– $100,000 to $2,000,000 in $10,000 multiples.

Spouse– $100,000 to $2,000,000 in $10,000 multiples, not to exceed 100% of member's coverage.

Child(ren)– $10,000 per eligible child

Note: The total amount of coverage an individual may have under all group life insurance plans underwritten by New York Life Insurance Company may not exceed $2,000,000. In addition, the total amount of coverage an individual may have under all group policies issued by New York Life Insurance Company to the Trustee of the IEEE Life Insurance Plan may not exceed the maximum benefit option for any insured person.

PLAN FEATURES

Pay Less If You're a Qualified Non-Smoker
Non-smokers meeting the highest underwriting standards may qualify for "Preferred" (the Plan's best) rates. Other non-smokers may qualify for "Select" (higher, but still very competitive) or "Standard" (the Plan's highest) rates.

Save with Volume Discounts on Higher Amounts of Insurance
If you or your spouse becomes insured for coverage amounts of $250,000 through $490,000, you'll receive a volume discount; and for amounts of $500,000 through $2,000,000 of coverage, you'll receive an even bigger discount.

Continuing Insurance After the 20-Year Term Ends
Premiums are guaranteed to remain level for the first twenty years of coverage. At the end of the 20-year 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 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.

Help Keep Your Cost Manageable

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. Two modes of payment are available to suit your budget: semi-annual billing; and our semiannual or monthly Electronic Funds Transfer (EFT) option (your cost would be approximately one-half or one-twelfth, respectively, the amounts you calculate from the rate chart.)

YOUR COST

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. Premium contributions will vary depending upon the amounts chosen.

Only non-smokers meeting the highest underwriting standards will qualify for "Preferred" rates. Other non-smokers may qualify for the 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.

IMPORTANT TAX INFORMATION FOR RESIDENTS OF ONTARIO, CANADA: Ontario has enacted a law requiring taxation of all group insurance purchased by individuals. An 8% tax will be added to the amount of any premium contributions due (in U.S. dollars).

The current annual premium contribution for all eligible children is $6.00 for $10,000 of life insurance.

†Payable semi-annually, or via the monthly Electronic Funds Transfer (EFT) options as described previously.
††As previously noted, member and spouse benefits under this Plan are available in $10,000 multiples.
*Male rates apply to all coverage issued to Montana residents, regardless of a person's sex.

Note: Premiums are guaranteed to remain level for the first 20 years of coverage. Then, if still eligible, you may reapply for the 20-year level rates then in effect for a subsequent 20-year term. Rates for a subsequent term would be determined based on the insured person's then current age, health and tobacco/nicotine use and would be guaranteed for 20 years. If you or your spouse are not approved for a subsequent 20-year term of guaranteed rates, or do not apply for a subsequent 20-year term, coverage will continue in force on a non-guaranteed rate basis with increasing premiums as the insured ages.

OTHER IMPORTANT INFORMATION

Proceeds Remain Liquid, Earn Interest
The Plan features a valuable Continued Interest Account, which means death benefits to a beneficiary, if you wish, will be placed in an interest bearing account. Your beneficiaries can take their time evaluating their future financial plans, secure in the knowledge they may withdraw any or all of the death benefit proceeds at any time.

Valuable Living Benefit Provision
"Accelerated Death Benefit"
The "Accelerated Death Benefit" option is available to help terminally ill insureds during a difficult, and often financially challenging time. Under this provision you may request one advance payment equal to 50% of a qualified terminally ill person's in force life insurance to be paid while that person is still alive.

The request must be made at least 12 months prior to the insured person's scheduled coverage termination age and the amount of insurance payable after the insured's death will be reduced by this payment. (Premium contributions will not be reduced.)

This money can be used to help cover high prescription drug costs...medical bills...outstanding debts...to help pay for experimental treatments...the cost of modifications to your home...or for a family vacation – the choice is yours.

To qualify, a terminally ill insured must provide New York Life Insurance Company with proof of terminal illness and anticipated life expectancy (12 months or less), as well as any other necessary medical information requested. For additional details and limitations, please see the Certificate of Insurance.

Please note that receipt of Accelerated Death Benefits may affect your eligibility for public assistance programs and may be taxable. Prior to applying to receive such benefits, you should consult with the appropriate social services agency and seek the advice of a qualified tax advisor.

Note: The Accelerated Death Benefit is not available to residents of Massachusetts.

No Exclusions
Benefits are paid for death from any cause, at any time, anywhere in the world. The validity of any amount of your life insurance which has been in force for two years during an insured's lifetime will not be contested except for insurance eligibility provisions and non-payment of premium contributions.

You Name Your Beneficiary
Your beneficiary is the person(s) last designated by you in writing, and recorded by or on behalf of New York Life Insurance Company. You may change this beneficiary designation, at any time, by written request. You are the automatic beneficiary for dependent insurance, as described in the Certificate of Insurance. If you wish to name another beneficiary for spouse insurance, contact the Administrator for the applicable forms.

Ownership of Insurance
"Owner" means the person or entity with rights of ownership of this insurance as described in the Certificate of Insurance. If a transfer of ownership has been recorded by or on behalf of New York Life Insurance Company, or if initial ownership is by other than the member according to the information provided on the application, references throughout this Plan Information to "you" or "member" will mean "owner," as applicable.

ADDITIONAL PLAN PROVISIONS

Effective Date

Note: Residents of MD and NC: Any reference to "performing normal activities" is replaced by the requirement that the health status of any proposed insured person remains the same as stated in your application.

Insurance will take effect on the date your application is approved by New York Life Insurance Company provided the initial contribution is paid within 31 days after the date you are billed (send no money now) and any person to be insured is actively performing the normal activities of a person in good health of like age on the date of approval.

Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible.

When Coverage Ends
Insurance can remain in force until the insured person reaches age 75 (23 for children, or 25 for children who are full-time students) provided: (a) you remain a member of IEEE; (b) you continue to pay premium contributions when due; and (c) the group plan is not terminated or modified by the Policyholder to end insurance for the group of insured's to which you belong. In addition, dependent coverage will terminate when the dependent spouse or child ceases to be an eligible dependent. Upon your death, coverage for your insured dependents may continue as described in the Certificate of Insurance.

Renewal Payments And Claims
Once you are accepted into the Plan, you will have a 31-day grace period for your payment of renewal premium contributions. When you want to submit a claim, call or write the Administrator for claim forms.

Certificate Of Insurance
This information is only a brief description of the principal provisions and features of the Plan. The complete terms and conditions are set forth in the group policy issued by New York Life Insurance Company to the Trustee of the Institute of Electrical & Electronics Engineers Life Insurance Plan.

When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the Plan.

30-Day Free Look
If you're not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated, and you will be sent a full refund — no questions asked!

IMPORTANT NOTICE:

How New York Life Obtains Information and Underwrites Your Request for Group 20-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 physician, other medical practitioners and facilities, other insurance companies to which you have applied for insurance and MIB, Inc. (formerly known as Medical Information Bureau). MIB and other insurance companies may also furnish New York Life, its subsidiaries or the Plan Administrator with nonmedical information (such as driving records, past convictions, hazardous sport or aviation activity, use of alcohol or drugs, and other application for insurance). The information provided may include information that may predate the time frame stated on the medical questions section, if any, on this application. This information may be used during the underwriting and claims processes, where permitted by law.

Your AUTHORIZATION may be used for a period of 24 months from the date you signed the application, unless sooner revoked. The AUTHORIZATION may be revoked at any time by notifying the Administrator in writing at the address provided. Your revocation will not be effective to the extent New York Life or any other person already has disclosed or collected information or taken other action in certificate or the certificate itself. The information New York Life obtains through your AUTHORIZATION may be come subject to further disclosure. For example, New York Life may be required to provided it to insurance, regulatory or other government agencies. In this case, the information may no longer be protected by the rules governing your AUTHORIZATION.

New York Life may release this information to the Plan Administrator, MIB, other insurance companies to whom you may apply for insurance, or to whom a claim for benefits may be submitted and to others whom you authorize in writing. However, this will not be done in connection with information concerning Acquired Immune Deficiency Syndrome (AIDS) or Human Immunodeficiency Virus (HIV).

New York Life will not disclose such information to anyone except those 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 not-for-profit 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 member company, medical or nonmedical 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 nonmedical 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: MIB, Inc. 50 Braintree Hill Park, Suite 400, Braintree, MA 02184-8734, telephone (866) 692-6901 (TTY 866 346-3642). For Canadian residents the address is: MIB Information Office, 3300 University Avenue, Suite 501, Toronto, Ontario, Canada M5G 1R7, telephone (416) 597-0590. Information for consumers about MIB, Inc., may be obtained on its Web site at www.mib.com.

For NM Residents: PROTECTED PERSONS ¹ have a right of access to certain CONFIDENTIAL ABUSE INFORMATION ² 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.

¹ 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.

² 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 insurance in force before the effective date as determined by New York Life Insurance Company.

The IEEE insurance trust incurs costs in connection with this sponsored plan. To provide and maintain this valuable membership benefit, it is reimbursed for these costs. IEEE also receives a fee for the license of its name and logo for use in connection with this plan.

Underwritten by New York Life Insurance Company, under Group Policy No. G-29215-0, on Policy Form G-29215-0/GMR-FACE.

About New York Life Insurance Company

Arkansas Insurance License #245544

Gather information from interactive surveys, use helpful calculators to determine your life insurance needs, and enroll in a term life insurance program that's right for you...all directly from this magazine.

Beneficial term life insurance information is now available at your fingertips—check it out today!

It's never been easier for you to learn more about and apply for term life insurance. We're sure you'll find this to be a valuable resource for your life insurance needs.

ake sure you're aware of the following before using LifeSmart magazine:

• You must have Flash 8.0 or higher on your computer to properly view this electronic magazine. Download the most current version of Flash here. This is a FREE download.
• The optimal monitor setting for viewing this electronic magazine is 1024 x 768 or higher.

Click here to access LifeSmart magazine for IEEE members.

Program Administrator

IEEE-Sponsored Insurance Program Administrator
12421 Meredith Drive
Urbandale, IA 50398
1-800-493-IEEE (4333)
ieee@marshpm.com
7:30 am to 6 pm M-F (Central)
http://www.personal-plans.com/product/marsh

Application Mailing Address

Administrator, IEEE Member Group Insurance Program
P.O. Box 10374
Des Moines, IA
50306-0374

Payment Billing Address

Administrator, IEEE Member Group Insurance Program
P.O. Box 10425
Des Moines, IA
50306-0425

Insurance Company

New York Life Insurance Company
51 Madison Avenue
New York, NY 10010
http://www.personal-plans.com/product/NYL