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Available Coverage

Employees have the ability to purchase a minimum $5,000 to a maximum $100,000 of death benefit on a guaranteed issue basis. The benefits include no medical questions or exams, convenient payments through payroll deduction, coverage available for family members, a lifetime of protection, professional service from a New York Life agent, ability to earn dividends and access to cash value through policy loans, and it stays with you if you change jobs or retire. Spouses, domestic partners, children, and grandchildren are eligible for a minimum $5,000 and maximum $50,000 of death benefit with no medical questions if the employee participates. 

Eligibility Requirements

Employee eligibility requirements are:

  • Employed full time for 90 days.
  • Actively and continuously at work on a full time basis (minimum 30 hours per week) during the past three months, with the exception of vacations, normal non-working days, and other authorized absences totaling no more than five days. 
  • If an employee has been working part time for multiple qualifying departments, with cumulative hours above 30 hours per week, they will be eligible for this benefit.
  • Age restrictions may apply.

Eligible Family Members

Employees may purchase a whole life policy for their spouses, domestic partners, children, and grandchildren. Children and grandchildren must be under 25 during the time of application.

Rates

Rates are locked in at the time of purchase and will not increase unless more coverage is added. Rates are based on employee age and coverage amount at the time of enrollment.

Interested in Signing Up?

All employees are eligible to sign up once the eligibility requirements have been met. In addition, employees who are nearing six months of employment and are interested in learning more about New York Life can do so by meeting with a New York Life representative on the Harrisonburg campus. 

Eligible employees who wish to speak with a New York Life representative must schedule an appointment. Appointments can be scheduled by emailing Lisa Van Wickler & Debbie Bolen at lvanwickler@ft.newyorklife.com and dbolen@ft.newyorklife or calling 434-953-5091. Employees who work at extended locations should also contact Van Wickler and Bolen to schedule a meeting.

Information to bring to your appointment

Employee

  • Driver's license
    • Other forms of acceptable identification if no driver's license are: Passport or Government/State issued photo ID
  • Social Security number (Immigration Visa or Work Authorization if other than a US Citizen)
  • Country of citizenship
  • Country of birth
  • State of birth

Spouse/domestic partner

  • Date of birth
  • Social security number (Immigration Visa or Work Authorization if other than a US Citizen)
  • Country of citizenship
  • Country of birth
  • State of birth

Children/grandchildren

  • Date of birth
  • Social security number (Immigration Visa or Work Authorization if other than a US Citizen)
  • Country of citizenship
  • Country of birth
  • State of birth

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