Updated December 11, 2009
Plan Rates (PDF, 53 K)
Ten Year Level Term Life Insurance was designed to help protect you from
unnecessary financial burdens and insure your family's financial security
for a 10 year period. Initial premiums are guaranteed to remain level
for the first 10 years. Coverage does continue thereafter at reasonable
rates, or you may apply for a new 10-year period at your then-attained
As a CAP Junior Member or Fellow who resides in the U.S. or Canada (except
Quebec), and is under the age of 60, you may apply for benefit amounts
between $100,000 and $1,000,000 in units of $10,000. Coverage ends at
At your option, you may apply for coverage for your lawful (not legally
separated) spouse under age 60 as well as your dependent children. You
may apply for amounts from $100,000 to $1,000,000 in $10,000 units for
your spouse. Children are eligible if they are unmarried, dependent,
and between the ages of 14 days and 25 years. Each child can be covered
for either $5,000 or $10,000. The annual premium is $6.00 for $5,000
of coverage or $12.00 for $10,000 of coverage. One premium covers all
of your children. A dependent who is also a CAP member must apply for
member coverage. If both parents are insured as members, only one may
request child coverage.
Suicide within two years after coverage becomes effective is the only
exclusion. In that event, the benefit payable will be equal to premiums
paid. (For Missouri residents: Benefits will not be paid for death resulting
from suicide within the first two years of coverage if New York Life
can show that suicide was intended at the time of application.)
CAP 10 Year Level Term Life's member premium rates are discounted when
you purchase $250,000 -$499,000 of member coverage and further discounted
for coverage of $500,000 or more.
If you are insured in both the CAP 10 Year Level Term Life Insurance
and Long Term Disability Income Plans at the same time, you can receive
a five percent discount off the premium for both plans as long as you
retain coverage in both plans. If you drop one of the plans, the discount
ceases. This discount applies to member rates only.
This benefit is designed to provide terminally ill life insureds the
option to have a portion of their life insurance paid while they are
still alive. The insured is then free to use that money any way he or
To qualify for the accelerated death benefit, an individual must be
insured under the CAP 10 Year Level Term Life Insurance Plan and diagnosed
as having a life expectancy of 12 months or less. Proof of terminal
illness will consist of a statement from the insured's physician and
any other medical information that New York Life believes necessary
to confirm the insured's status.
If the insured qualifies, he or she will be paid in a lump sum, up
to 50 percent of the amount that would be payable, on the date of approval
of the request. Only one accelerated death benefit will be made during
the insured's lifetime, and any benefit payable for loss of life will
be reduced by the amount paid under the accelerated death benefit. Receipt
of the accelerated death benefit may affect eligibility for public assistance
programs and may be taxable. You may wish to consult a tax advisor before
using this benefit.
(The accelerated death benefit is not available to residents of Massachusetts.)
All applications are subject to New York Life's approval. Insurance
will take effect on the first day of the month on or next following
the date the request for coverage is approved, provided the initial
contribution is paid within 31 days of such date and any person to be
insured is performing the normal activities of a person in good health
of like age and sex on the date of approval.
Your 10 Year Level Term Life Plan is renewable to age 70 provided you
pay premiums when due and the master group policy is not terminated
or modified. Also, family dependents' coverage is renewable as long
as you are insured or until they become ineligible.
Name anyone you wish to receive your life insurance benefits. You may
change your beneficiary at any time by writing to the plan administrator.
The member is automatically the beneficiary for spouse and child coverage.
You may convert your coverage to any permanent plan offered by New York
Life, regardless of physical condition or history, under the conditions
stated in your certificate. This right of conversion is also available
to your covered family dependents. Conversion must be requested within
31 days of the date you become eligible for this provision.
Changes to the group policy are subject to agreement between New York
Life and the policyholder. Rates after the first 10 years may be changed
by New York Life on any premium due date and on any date on which benefits
are changed. The policyholder or New York Life may terminate the plan
on any premium due date by giving 90 days advance notice.
Once your application is approved, you will receive a personalized certificate
of insurance summarizing your benefit. Examine your certificate of coverage
carefully when it arrives in the mail. If you are not completely satisfied
with your CAP Group 10 Year Level Term Life Plan, simply return your
certificate to the plan administrator within 30 days of receipt for
a prompt, full refund of your premium. You'll be under no further obligation
and no questions will be asked.
- Simply indicate the amount of the insurance you want to apply for on the application.
- Complete, date, sign, and return the application(s) to the plan administrator. Send no money now. You will be billed once coverage has been approved.
- Send to:
Affinity Insurance Services, Inc.
159 E. County Line Road
Hatboro, PA 19040-1218
This brochure briefly describes the provisions of Master Policy No.
G-5389-0 (policy form GMR) issued to the College of American Pathologists.
For complete details, see your certificate of coverage.
Call toll-free: 800-509-6023
How New York Life Underwrites Your Request for
Information regarding insurability will be treated
as confidential. In considering whether the persons in your request
for insurance qualify for coverage, we will rely on the medical information
you provide, and on the information you authorize us to obtain from
your doctor, other medical practitioners and facilities, and other insurance
companies to which you have applied for insurance, and MIB, Inc. (Medical
Information Bureau). New York Life will not disclose such information
to anyone except those you authorize or where required or permitted
by law. We may make a brief report to MIB; however, we will not disclose
our underwriting decision. Information in our files may be seen by New
York Life and plan administrator employees, but only on a "need to know"
basis in considering your request. Upon receipt of all requested information
we will make a determination as to whether your request for insurance
can be approved.
MIB is a nonprofit membership organization of life insurance companies
that operates an information exchange on behalf of its members. When
you apply for insurance or submit a claim for benefits to a MIB member
company, medical or non-medical information may be given to the Bureau,
which may then be furnished to member companies. Upon written request,
MIB will arrange disclosure of any information it may have about you
in its file. MIB's information office is PO Box 105, Essex Station,
Boston, MA 02112; phone 617-426-3660.
If we cannot provide you with coverage, we will tell you why. In all
cases medical records information will be given to a medical professional
designated by you (except for certain types of medical record information
in specified jurisdictions you may choose to receive such information
directly). If you feel our information is inaccurate, you will be given
a chance to correct or complete the information in our files.
For New Mexico residents, in addition, protected persons* have a right
of access to certain confidential abuse information** we maintain in
our files, and they may choose to receive such information directly.
You have the right to register as a protected person by sending a signed
request to the administrator at the address listed on the application.
Please include your full name, date of birth, and current address.
For U.S. residents, your request is handled in accordance with Fair
Credit Reporting Act procedures. If we can provide the coverage you
requested, we will inform you as to when such coverage will be effective.
Under no circumstances will coverage be effective prior to this date.
Payment of a premium contribution with your application does not mean
there is any insurance in force before the effective date is determined
by New York Life.
* "Protected person" means a victim of domestic abuse who has notified
us that he or she is or has been a victim of domestic abuse and who
is insured or prospective insured.
** "Confidential abuse information" means information about acts
of domestic abuse or abuse status, the work or home address or telephone
number of a victim of domestic abuse or the status of an applicant or
insured as family member, employer or associate of a victim of domestic
abuse or a person with whom an applicant or insured is known to have
a direct, close personal, family or abuse-related counseling relationship.
Affinity Insurance Services, Inc., 159 E. County Line Road, Hatboro, PA 19040-1218, 1-800-509-6023
(California license #0795465)
(Massachusetts license #1554442)
(Louisiana license #192615)
Underwritten by New York Life Insurance Company
51 Madison Avenue
New York, NY 10010, Group Policy No. G-5389-0