Group Term
Life Insurance

Protect What Matters Most

OUR PLAN

 

Helping to protect the financial future of your loved ones with life insurance is one of the most important decisions you can make. The Compass Rose Term Life Insurance Plan1, underwritten by New York Life Insurance Company, is available to actively employed full- or part-time civilian employees of the Federal government. We can help provide peace of mind for you and your family.

WHAT YOU NEED TO KNOW

 

It is our goal to provide you with affordable life insurance coverage designed with you in mind. At Compass Rose Benefits Group we are dedicated to providing excellent customer service, which is why we provide our members with 24/7 access to view their coverage details and make changes at any time. So whether you are considering supplementing your existing life insurance coverage (like FEGLI), or you are looking to switch plans for a better value, our plan may be the perfect fit for you and your family.

Our Group Term Life Insurance Plan includes:

  • Coverage of up to $500,000 without salary limitations
  • New employees are guaranteed acceptance for up to $250,000 during the first 60 days of employment 
  • The added security of up to $100,000 in Accidental Death and Dismemberment Insurance at no additional cost
  • Automatic $10,000 of coverage for your spouse at no additional cost AND you can apply for up to $100,000 of Supplemental Spouse Coverage at competitive group rates
  • Automatic $20,000 of coverage for dependents under age 26
  • 100% portability — so even if you leave your present employer or government position, you can remain insured
  • Protection for losses due to Acts of War and Terrorism, anywhere in the world

HOW MUCH COVERAGE DO YOU NEED?

 

More than a third (35 percent) of households would feel the financial impact within one month if the primary wage earner died.2 Many life insurance experts recommend securing life insurance coverage equal to 6 to 10 times your annual salary. However, that rule of thumb does not always account for everything, like your family’s expenses, savings, and working years left. It is important to find out how much protection your family may need should you no longer be here to provide for them.


Life Insurance Resources

  • Compass Rose Group Term Life Insurance Brochure

    Learn more about our Term Life Insurance plan features, costs, eligibility, renewability, exclusions and limitations.


  • Life Insurance 101 — Everything You Need to Know

    Life insurance can be complicated and you have many choices and factors to consider. Download our eBook to learn the basics.

  • 5 Things to Keep in Mind When Buying Life Insurance

    Buying life insurance is an important decision. Download our checklist for a few important factors to keep in mind.

    • Learn more about our Term Life Insurance plan features, costs, eligibility, renewability, exclusions and limitations.

    • Life insurance can be complicated and you have many choices and factors to consider. Download our eBook to learn the basics.

    • Buying life insurance is an important decision. Download our checklist for a few important factors to keep in mind.


Apply For Coverage

You don’t need to wait for an enrollment period — you can apply at any time! Do not miss your chance to secure affordable life insurance protection.

 

If you and your spouse are both federal employees and apply separately for employee coverage, neither may take out supplemental spouse coverage on the other and only one parent may insure each dependent child. If you are presently insured under another life insurance plan with Compass Rose Benefits Group, the combined maximum for automatic supplemental spouse coverage is $10,000 and the combined maximum for automatic dependent coverage is $20,000 per child.

1New York, NY 10010 on policy form GMR-ER-P

2 2018 Insurance Barometer Study, Life Happens and LIMRA

BATES 1792726 10/18

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