OUR GROUP TERM LIFE INSURANCE

Helping to protect the financial future of your loved ones with group term life insurance may be one of the most important decisions you make. The Compass Rose Term Life Insurance Plan, underwritten by New York Life Insurance Company¹, 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 with group term life insurance.

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.

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.

¹ New York, NY 10010 on policy form GMR-ER-P. New York Life is licensed/authorized to transact business in the 50 United States, District of Columbia and Puerto Rico. New York Life's state of domicile is New York and NAIC ID#66915.

² 2018 Insurance Barometer Study, Life Happens and LIMRA

NYL-1792726-05/20