20 Year Term (20YT) offers affordable life insurance protection. The initial premiums are guaranteed to remain level for the first ten years. In year eleven, the premiums are expected to remain the same for the next 10 years, but this is not guaranteed. At year twenty-one, the premium rates increase annually.

The coverage 20YT provides can help families and business owners safeguard their financial futures. The death benefit could be used to help pay mortgages and other debts, fund a child's college education, expand business operations, and help a family continue its standard of living.

Benefits

• The peace of mind of pure life insurance protection.
• A death benefit that, in most instances, is free from federal income tax.
• Guaranteed renewable coverage through the expiry age (see "Product Specifics").
• The privilege to convert to a permanent policy that builds cash value.
• The financial strength of New York Life.

The Uses of 20YT
There may be many situations where 20YT may be appropriate. Here are just a few examples:

• Temporary Need for Protection
  When coverage is needed for a finite period of time, 20YT can be ideal. A common use is when a mortgage or a student loan is taken to ensure that obligations can be met in the event you're not around.
• Limited Funds
  In situations where life insurance is essential but dollars are scarce, 20YT can serve as a stop-gap. Young people starting their careers can choose 20YT, then convert to a permanent plan as their finances improve.
• Protection for Business Owners
  20YT can be used as a hedge to cover outstanding loans, thus shielding partners or shareholders from the financial hardship experienced if a business owner dies.

Product Specifics
Issues Ages
15-60 ¹

Expiry Age
90 for all states, except New York where expiry age is 70

Minimum Face Amount
$100,000

Maximum Face Amount
Subject to New York Life limits

Premium Modes
New York Life offers several convenient ways to pay premiums: annual, semi-annual, quarterly, Check-O-Matic, and NYL-A-Plan.²

Risk Classes
Based on defined underwriting criteria, New York Life offers the following risk classes: select preferred, preferred, non-smoker, select standard, standard, and non-smoker and standard special class 2-13.

Conversion Privilege
20YT policies allow the owner to convert all or part of the policy into permanent, cash value life insurance without furnishing evidence of insurability.

Original Age Conversion
Final conversion date is the fifth policy anniversary.

Attained Age Conversion
Final conversion date is age 30 or the tenth policy anniversary, whichever is later.³

Available Riders
To customize your policy, you can choose from several policy riders to meet your specific needs.

Accidental Death Benefit (ADB) Provides additional death benefit if the insured dies as a direct result of an accident.
Issue Ages: 15-60

Living Benefits Rider (LBR) ⁴ Gives the policyowner access to a portion of the policy's eligible death benefit, should the insured be diagnosed with a terminal illness and have a life expectancy of 12 months or less.⁵
Issue Ages: 15-60

Spouse's Paid-up Insurance Purchase Option (SPPO)⁴ Gives a spouse who is the beneficiary the right to purchase a new paid-up life policy on his/her life upon the death of the primary insured, without evidence of insurability (not available in New York).
Issue Ages: 15-60

Waiver of Premium (WP) Waives all premiums should the primary insured become totally disabled, as defined in the rider.
Issue Ages: 15-59

The Strength of Our Promises
Since 1845, New York Life has provided quality insurance products for individuals, families, and businesses. We have helped seven generations of families achieve their financial objectives and secure their future stability. The values that built this company are behind the products we offer and the services we provide. Our long history of financial strength ensures that we'll be there when you need us.

1 Issue ages in New Jersey 15-59.
2 If you pay the premium other than annually, the total premium you pay each year will be more than the annual premium.
3 New York: ages 15-50, until the anniversary at age 60; ages 51-60, 10th policy anniversary.
4 There is no charge for this rider.
5 State variations exist.

New York Life Insurance Company
51 Madison Avenue
New York, NY 10010

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