| Who can apply? |
| All AAFP Members residing in the United States and the District of Columbia (excluding territories) may apply for coverage. The 10LTL is available to individuals under age 65. Those under age 55 may apply for the 20LTL. |
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| Are there any exclusions? |
Enjoy worry-free coverage with no exclusions. Benefits are paid for death from any cause, at any time, anywhere in the world. The validity of any amount of insurance that has been in force for two years or more will not be contested except for insurance eligibility provisions or non-payment of premium contributions.
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| What premium rate will I get? |
Preferred, Select or Standard rates are determined by medical underwriting of your application. All information you provide for underwriting will remain strictly confidential.
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| What if I discontinue my AAFP membership? |
Your rights to retain and renew your coverage will not be jeopardized if you change employment or discontinue your AAFP membership.
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| How do I Apply? |
It is fast and easy to apply. You can apply electronically on our website in about 15 minutes. If you prefer you can download a PDF paper form application and complete the form at your leasure. Then mail it to AAFP Insurance Services your plan administrator.
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| How is my application underwritten? |
The application will be underwritten by New York Life Insurance Company. Within a few days after your application is received you will be contacted by phone for a telephone interview and to make an appointment with a qualified technician to visit you at your convenience for the necessary requirements.
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| When does my coverage become effective? |
Send no money at this time. Upon approval by New York Life you will be mailed a certificate and premium statement. At that time you have a 30-day free look during which you may return your certificate for a complete refund no questions asked.
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| Can I assign ownership of my policy? |
Yes. You may assign all or any part of your incidents of ownership in this policy to any person or legal entity. This right may allow you to use this policy to achieve several financial objectives, for example, as a loan guarantee and an estate planning tool.
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| What happens at the end of my 10-Year or 20-Year level term period? |
When your 10-Year and/or 20-Year level term period comes to an end you have the opportunity to lock-in another multi-year rate guarantee at the Plan's lowest possible rate based on your gender, attained age, health and tobacco/nicotine use. To accomplish this you will complete an application and provide medical evidence of your current health. If you are then declined for coverage or simply failed to complete the requirements for a new guarantee period you may continue your coverage to age 75 by paying the group policy's Non-Guaranteed rates. The Non-Guaranteed rates, which do not differ for the 10LTL and 20LTL Plans increase as you age into the next age bracket.
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