Current 2024 Annual Rates per $1,000
GL1 & SL1 Rates - $25,000-$149,000
|
Insured Age |
Member or Spouse Non-Smoker |
Member or Spouse Smoker |
|
Under 20 |
$0.56 |
$0.72 |
|
20-24 |
$0.64 |
$0.84 |
|
25-29 |
$0.69 |
$0.89 |
|
30-34 |
$0.75 |
$0.98 |
|
35-39 |
$0.95 |
$1.23 |
|
40-44 |
$1.40 |
$1.83 |
|
45-49 |
$2.17 |
$2.82 |
|
50-54 |
$3.38 |
$4.40 |
|
55-59 |
$5.51 |
$7.16 |
|
60-64 |
$8.29 |
$10.78 |
|
65-69 |
$12.55 |
$16.32 |
|
70-74 |
$10.04 |
$13.05 |
GL2 & SL2 Rates - $150,000-$249,000*
|
Insured Age |
Member or Spouse Non-Smoker |
Member or Spouse Smoker |
|
Under 20 |
$0.53 |
$0.69 |
|
20-24 |
$0.61 |
$0.79 |
|
25-29 |
$0.66 |
$0.86 |
|
30-34 |
$0.71 |
$0.92 |
|
35-39 |
$0.91 |
$1.18 |
|
40-44 |
$1.34 |
$1.75 |
|
45-49 |
$2.08 |
$2.70 |
|
50-54 |
$3.23 |
$4.20 |
|
55-59 |
$5.27 |
$6.85 |
|
60-64 |
$7.93 |
$10.30 |
|
65-69 |
$12.01 |
$15.61 |
|
70-74 |
$10.04 |
$13.05 |
GL3 & SL3 Rates - $250,000-$500,000*
|
Insured Age |
Member or Spouse Non-Smoker |
Member or Spouse Smoker |
|
Under 20 |
$0.52 |
$0.68 |
|
20-24 |
$0.60 |
$0.77 |
|
25-29 |
$0.63 |
$0.83 |
|
30-34 |
$0.68 |
$0.89 |
|
35-39 |
$0.89 |
$1.15 |
|
40-44 |
$1.31 |
$1.70 |
|
45-49 |
$2.00 |
$2.60 |
|
50-54 |
$3.13 |
$4.07 |
|
55-59 |
$5.09 |
$6.61 |
|
60-64 |
$7.65 |
$9.95 |
|
65-69 |
$11.61 |
$15.09 |
|
70-74 |
$20.08 |
$13.05 |
The amount that will be billed for the July 1 premium is $292.50 ($585.00 divided by 2)
The premium amount is guaranteed not to change for 10 full years.
Premium Payments
Your Premiums will be due semi annually, each January and July 1. If coverage is effective on a due date other than a premium due date, your premium invoice will be pro-rated from your effective date to the next semi-annual premium due date.
Rates after the first 10 years may be changed by New York Life on any premium due date and on any date which benefits are changed, but only on a class wide basis. A class is a group of people with the same age and gender.