Group Level Term Life to Age 65

Group Level Term Life to Age 65  

US Canada India


The IEEE Member Group Insurance Program offers engineers competitive life insurance that meets your needs. We know these needs can include establishing a charitable trust or helping to make sure your partner, parents or grandchildren are taken care of. Count on us to find a custom solution for what matters most to you.

Our Group Level Term Life Insurance to Age 65 is available for members ages 50-59. Whatever age you join at, you’ll pay the same premiums until age 65. Customize your coverage amounts—up to $1 million for you and your spouse.

A living benefit option allows you to access a portion of your benefits if you’re diagnosed with a terminal illness. These benefits will be paid directly to you, and you can use them however you want.

We make it simple to apply for life insurance because everything is handled securely online. As a policyholder, you’ll have digital tools, friendly representatives and convenient automatic monthly payment options at your fingertips. You’ll also be able to take your policy with you since it isn’t linked to your employer.

Learn more about our Group Level Term Life Insurance to Age 65 and apply for coverage online now!


Choose coverage amounts that meet your needs, from $10,000 to $1 million. Then save time by securely applying for Group Level Term Life Insurance to Age 65 online.








  • Eligibility

    This coverage is available exclusively to IEEE members ages 50-59. You must maintain active IEEE membership status during the life of your coverage.

    You can request coverage for yourself, your spouse age 50-59 and unmarried dependent children ages 14 days through 22 years (24 if a full-time student). To become insured, you must provide evidence of insurability and pay the required premium.


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


    This coverage is available only for residents of the U.S. (except territories), Puerto Rico and Canada (except Quebec). AMBA does not act as broker with respect to Canadian residents and acts solely as an Administrator on behalf of New York Life.


    Any eligible nondependent family members can apply for coverage if they join IEEE as an associate member. Call us at 800-493-IEEE (4333) for more details.

  • Apply for Up to $1 Million of Coverage

    You can choose the amount of coverage that you need.


    Amounts of Insurance:

    • Members: $10,000 to $1 million, in $10,000 multiples.
    • Spouse: $10,000 to $1 million, in $10,000 multiples. Coverage may not exceed 100% of member’s coverage.
    • Each eligible dependent child: $10,000 per eligible child.


    The total amount of coverage an individual may request under all group life insurance policies underwritten by New York Life Insurance Company may not exceed $2 million. 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-Sponsored Life Insurance coverage may not exceed the maximum benefit option for any insured person.

  • Benefits of Group Level Term Life to Age 65 Life Insurance

    Our Group Level Term Life to Age 65 insurance offers many valuable benefits. Learn more about them.


    Nontobacco/Nicotine Use Discount

    If you and/or your spouse qualify, you can take advantage of nonsmoker rates that will reduce your premium payments!


    Volume Discounts for Member and Spouse

    If you or your spouse becomes insured for options of $160,000 through $490,000, you'll receive a discount based on volume; and for options of $500,000 through $1 million of coverage, you'll receive another volume discount.


    Keep Your Cost Manageable

    You have the option to pay your premium contributions monthly via the Electronic Funds Transfer (EFT) option (your monthly cost would be approximately one-sixth of the amount you calculate from the rate chart.)


    IMPORTANT NOTICE TO RESIDENTS OF MANITOBA AND ONTARIO, CANADA: Manitoba and Ontario, Canada, have enacted laws requiring taxation (Manitoba 7% and Ontario 8%) of all group insurance purchased by individuals. This tax will be added to the amount of any premium contributions due (in U.S. dollars), which is then reported and remitted to the province.

  • Other Important Information

    Valuable Living Benefit Provision "Accelerated Death Benefit"

    The accelerated death benefit option is available to help terminally ill people who are insured during a difficult and often financially challenging time. Under this provision you may request one advance payment equal to 50% of 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 person’s death will be reduced by this payment. (Premium contributions will not be reduced.)


    You can choose how you want to use the money:

    • High prescription drug costs
    • Medical bills
    • Outstanding debts
    • Experimental treatments
    • Modifying your home
    • A family vacation


    To qualify, a terminally ill person who is 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.


    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 that has been in force for two years during an insured’s lifetime will not be contested except for insurance eligibility provisions and nonpayment of premium contributions.


    Your Choice of Beneficiary

    You may select any person, persons, trust or other legal entity as your beneficiary. If, at the time of your death, there are no surviving beneficiaries, benefits will be paid to the executor or administrator of your estate, or at the option of New York Life, to the surviving relatives in the following order of survival: spouse; children equally; parents equally; or brothers and sisters equally.


    Group Conversion Privilege

    The Policy provides conversion privileges under certain circumstances of involuntary termination as described in the Certificate of Insurance.

  • Additional Provisions

    Effective Date

    You and your eligible dependents will become insured on the date specified by New York Life Insurance Company provided the first premium contribution has been paid, satisfactory evidence of insurability has been submitted, and you and your dependents are alive on that date. Coverage for any dependent who is confined at home, in a hospital or other medical institution, or is incapacitated so as to be unable to perform his or her normal activities on the date coverage would otherwise become effective, will not become effective until the date he or she is no longer so confined or incapacitated provided you are insured on that date and the dependent is still eligible for insurance. (Payment of a premium contribution for insurance does not mean there is any coverage in force before the effective date as specified by New York Life Insurance Company.)


    When Coverage Ends

    Insurance coverage can remain in force until the insured person reaches age 65 (23 for children, or 25 for children who are full-time students) provided:

    • You remain a member of IEEE.
    • You continue to pay premium contributions when due.
    • The group coverage is not terminated or modified by the policyholder or New York Life Insurance Company to end insurance for the group of insured people to which you belong.


    Your dependent coverage will terminate when your member coverage terminates or, if earlier on the date:

    • Your spouse reaches 65.
    • Your child reaches age 23 (25 if a full-time student).
    • Your spouse ceases to be your lawful spouse.
    • Your child ceases to be your unmarried dependent child.

    Upon your death, coverage for your insured dependents may continue as described in the Certificate of Insurance.


    Renewal Payments and Claims

    Once your application is approved, 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 coverage. The complete terms and conditions are set forth in the group policy issued by New York Life Insurance Company to Trustee of the Institute of Electrical and Electronics Engineers Life Insurance.


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


    30-Day Free Look

    If you are 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 with no questions asked! 


    How New York Life Obtains Information and Underwrites Your Request for Group Level Term Life Insurance to Age 65

    In this notice, references to “you” and “your” include any person proposed for insurance. Information regarding insurability will be treated as confidential. In considering whether the person(s) in your request for insurance qualify 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, LLC. (“MIB”). MIB is a not-for-profit organization of insurance companies, which operates an information exchange on behalf of its members. If you apply for life or health insurance coverage or a claim for benefits is submitted to an MIB member company, medical or nonmedical information may be given to MIB and such information may then be furnished by MIB, upon request, to a member company.


    Your AUTHORIZATION may be used for a period of 24 months from the date you signed the application for insurance, unless sooner revoked. The AUTHORIZATION may be revoked at any time by notifying New York Life 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 reliance on it, or to the extent that New York Life has a legal right to contest a claim under an insurance certificate or the certificate itself. The information New York Life obtains through your AUTHORIZATION may become subject to further disclosure. For example, New York Life may be required to provide it to insurance, regulatory or other government agencies. In this case, the information may no longer be protected by the rules governing your AUTHORIZATION.


    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.


    New York Life may release this information to the Plan Administrator, other insurance companies to which you may apply for life and health insurance, or to which a claim for benefits may be submitted and to others whom you authorize in writing. However, this will not be done in connection with test results concerning Acquired Immune Deficiency Syndrome (AIDS) or Human Immunodeficiency Virus (HIV). We may also make a brief report of your protected health information to MIB, but we will not disclose our underwriting decision.


    New York Life will not disclose such information to anyone except those you authorize or where required or permitted by law. 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.


    If we cannot provide the coverage you requested, 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 Federal 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, 330 University Avenue, Suite 501, Toronto, Ontario, Canada M5G 1R7, telephone (416) 597-0590. Information for consumers about MIB may be obtained on its website at


    For NM Residents: PROTECTED PERSONS1 have a right of access to certain CONFIDENTIAL ABUSE INFORMATION 2we 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.


    1PROTECTED 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.


    2CONFIDENTIAL 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.


    New York Life Insurance Company 
    8/12 ed.

    IEEE is compensated in connection with this sponsored group insurance to provide and maintain this valuable membership benefit.


    Underwritten by New York Life Insurance Company, under Group Policy No. G-29133-0, on Policy Form G-29133-0/GMR-FACE.

    Rating Agencies Disclaimer

    ID# 80766

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