Senior Term Life Insurance - acp

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Senior Member Term Life Insurance

Help Fill The Holes In Your
Family Safety Net

Your life insurance needs don't disappear just because you get older.

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Senior Member Term Life Insurance

Underwritten by New York Life Company

Senior Member Term Life Insurance was setup to help reinforce your family's financial cushion--at a time when too many plans are starting to cut back on benefits or eliminating coverage all together.

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An Easy Way To Add Extra Life Coverage


Member-only rates negotiated on your behalf

The ACP Senior Member Term Life Insurance is offered to eligible ACP members and their lawful spouses. For this reason, we are able to make it available to members in good standing at specially negotiated rates.

A choice of benefit amounts to help suit your specific needs

  • The opportunity to bring your current coverage up-to-date.
  • Important coverage that helps replace your income and to pay final expenses, including funeral costs, mortgage payoff and outstanding debt.
  • Helps protect you even more with three valuable accelerated “living” benefits. One of these living benefits advances a cash benefit payment to you (“accelerated” benefit payment) if you become seriously ill with a qualifying condition.

A Choice of Benefit Amounts to Help Suit Your Specific Needs

If you're like many ACP members, you may already have some life insurance. But if you haven't updated it lately, inflation and added responsibilities may mean your family's financial safety net just isn't enough.

That's where the ACP Senior Member Term Life Insurance can help. Senior Term Life gives you an easy option to request $25,000 or $100,000 (multiples of $1,000) in term life benefits to any coverage you may already have.


ACP members between ages 50-74 are eligible to apply for coverage for themselves; and age 45-74 for their lawful spouses. In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid. A spouse who is also an eligible member can only become insured as a member. This coverage is available only for residents of the United States (excluding CT, NY and UT) and Puerto Rico.

Accelerated "Living" Benefits

Partial “living” benefits may be paid before death for any one cause: terminal illness, chronic illness or permanent critical condition.

Death Benefit Amount $50,000 $100,000 Option

Accelerated Benefit for Qualifying Event:

Terminal Illness*
(50% of death benefit amount)

$25,000 $50,000
Chronic Illness** or Permanent Critical Condition*** (25% of death benefit amount) $12,500 $25,000


* Terminal Illness is a condition for which the patient has a life expectancy of 12 months or less.

** Chronic Illness means an illness: (a) with one or more of the following characteristics: permanency, residual disability, requires rehabilitation training, or requires a long period of supervision, observation or care; and (b) which a LICENSED HEALTH CARE PRACTITIONER certifies the covered person is unable to perform any two of the following Activities of Daily Living for a continuous period of 180 days: bathing, dressing, toileting, Transferring (Defined as the ability to move in and out of bed, chair or wheelchair with or without the aid of equipment such as: a cane, walker, crutches, grab bars, or other support devices), eating or continence.

*** Permanent Critical Condition means a medical condition for which a covered person: (a) is certified by a LICENSED HEALTH CARE PRACTITIONER* as having a severe cognitive impairment; (b) is required to be continuously confined in a Convalescent Care Facility (does not include: a rest home; a place for care of the aged alcoholics, mentally ill or drug addicts; and/or a place for custodial care.) Hospice (to qualify, the HOSPICE must meet the standards of the National Hospice Organization and the applicable state licensing requirements), Nursing Home (does not include a rest home, an assisted living facility or a place for care of the aged, alcoholics or drug addicts) or at home; (c) is required to be under substantial supervision to protect the covered person from threats to health and safety due to such severe cognitive impairment; and (d) is required to be under a plan of care prescribed by a LICENSED HEALTH CARE PRACTITIONER.

*LICENSED HEALTH CARE PRACTITIONER means: licensed physician or osteopath; a registered professional nurse, or licensed social worker, who is operating within the scope of his or her license.

 Maximum Benefit Payable: No more than one Accelerated Benefit is payable for any one (1) Terminal Illness; Chronic Illness; or Permanent Critical Condition. With respect to a Chronic Illness or Permanent Critical Condition, only one Qualifying Event is payable. Also, in order to have a minimum Death Benefit equal to 25% of the Amount of Insurance, no more than 75% of the Amount of Insurance is payable for Qualifying Events on each covered person. NOTE: If the Death Benefit is reduced by a payment of an accelerated benefit; premiums due are based on the reduced level of death benefit.

Current 2023 Monthly Premium Contributions

The initial cost of insurance is based on the individual’s attained age when insurance becomes effective, the amount of insurance selected and tobacco/nicotine use. The cost increases as the insured grows older.

  $50,000.00 $100,000.00
  Male Female** Male Female**
Age Non-Smoker Smoker Non-Smoker Smoker Non-Smoker Smoker Non-Smoker Smoker
45-49†† $31.13 $52.00 $17.63 $29.42 $52.92 $88.42 $29.92 $50.00
50-54 $38.50 $64.38 $22.42 $37.46 $65.50 $109.42 $38.08 $63.67
55-59 $54.67 $91.25 $34.08 $56.92 $92.92 $155.08 $57.92 $96.75
60-64 $76.88 $128.38 $51.46 $85.92 $130.67 $218.25 $87.50 $146.08
65-69 $99.38 $165.96 $71.04 $118.58 $168.92 $282.17 $120.83 $201.67
70-74* $149.17 $249.04 $111.29 $185.83 $253.58 $423.42 $189.25 $315.92


 You will be billed quarterly. Additional payment options including monthly Electronic Funds Transfer (EFT) can be selected after first billing.

†† Spousal rates only. Spouse amount cannot exceed member coverage.

*For rates after age 74, contact the administrator. Eligibility is limited to ACP members under age 75.

** Male rates apply to all coverage issued to Montana residents, regardless of a person’s gender.

The premium contributions shown reflect the current rates and benefit structure. Premium contributions may be changed by New York Life Insurance Company on any premium due date, but not more than once in any 12-month period, and on any date on which benefits are changed. However, your rates may change only if they are changed for all others in the same class of insureds under this group policy. For example, a class of insureds is a group of people all with the same issue age and tobacco/nicotine usage. Benefit option amounts are not guaranteed and are subject to change by agreement between New York Life Insurance Company and the ACP Member Insurance Program.

Your Choice of Beneficiary

You may select any person, persons, trust or other legal entity as your beneficiary. If, at the time of your death, there are no surviving beneficiaries, benefits will be paid to the executor or administrator of your estate, or at the option of New York Life Insurance Company, to the surviving relatives in the following order of survival: spouse; children equally; parents equally; or brothers and sisters equally.

Important Provisions

Effective Date: Insurance will take effect on the date your application is approved by New York Life Insurance Company provided the initial contribution is paid within 31 days after the date you are billed (send no money now) and any person to be insured is actively performing the normal activities of a person in good health of like age. Note: Residents of NC: Any reference to “performing the normal activities of a person in good health” is replaced by the requirement that the health status of any proposed insured person remains the same as stated in your application. Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible.

Termination: Your insurance can remain in force until the insured person reaches age 90, provided you remain a member of ACP, you continue to pay premium contributions when due, and the group policy is not terminated by the Trustee or New York Life Insurance Company. Your spouse’s coverage ends when your coverage ends or earlier if he/she is no longer your lawful married spouse or when he/she reaches age 90. Upon your death, coverage for your spouse may continue as described in the Certificate of Insurance.

Conversion Privilege: The plan provides conversion privileges under certain circumstances of involuntary termination as described in the Certificate of Insurance.

Incontestability: The validity of any amount of your insurance that has been in force for two years during your lifetime will not be contested except for insurance eligibility provisions or nonpayment of premium contributions.


Benefits will be paid in the event of death, anywhere in the world regardless of cause, except for suicide, whether sane or insane, within 12 months of the certificate effective date, in which case the only amount payable is a return of premiums paid. The validity of any amount of your life insurance which has been in force for two during an insured's lifetime will be contested except for insurance eligibility provisions and non-payment of premiums (See limitations applicable to Accelerated Benefits at right).


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 that there is any insurance in force before the effective date as determined by New York Life Insurance Company.


This is a life insurance benefit that also gives you the option to accelerate some of the death benefit in the event that you are certified with a chronic illness or permanent critical condition as described in the certificate.

IMPORTANT NOTICE: This coverage is not intended to be a federally tax-qualified long-term care insurance contract under Internal Revenue Code (IRC) Section 7702B. Therefore, the premiums payable do not qualify as long-term care insurance premiums and are not deductible from gross income for federal income tax purposes. A Chronic Illness or Permanent Critical Condition acceleration is subject to the federal per diem limits set forth in IRC Section 7702B. Under this acceleration, New York Life will not pay claimants more than the federal per diem limits. Assuming the amount you receive in the aggregate from all applicable policies does not exceed the federal per diem limits set forth in IRC Section 7702B, the benefits provided by the Chronic Illness or Permanent Critical condition acceleration are intended to be excludable from federal gross income under Section 101 (g) of the IRC.
Receipt of an accelerated death benefit may affect eligibility for Medicaid or other government benefits or entitlements and may have income tax consequences. Accelerating benefits before applying for these programs, or while you are receiving government benefits, may affect your initial or continued eligibility. Clients can contact the appropriate social service agency (e.g., the Medicaid Unit of your local Department of Public Welfare or the Social Security Administration Office) for more information.


Sponsored by:


The ACP Insurance Trust incurs costs in connection with this sponsored Program. To provide and maintain this valuable membership benefit, it is reimbursed for these costs.


Administered by:
A.G.I.A., Inc.
P.O. Box 9947
Phoenix, AZ 85068-9952

Better Business

A.G.I.A., Inc., is licensed/authorized to transact business in all 50 United States, and the District of Columbia. Their state of domicile is California. J. Christopher Burke California Agent license number is 0F70947. J. Christopher Burke Arkansas Agent license number is 8876308.

Underwritten by:
New York Life Insurance Company
51 Madison Avenue, New York, NY 10010
under Group Policy G-29102-2 on
Policy Form GMR-FACE/ G-29102-2

New York Life is licensed/authorized to transact business in all the 50 united states, District of Columbia and Puerto Rico. New York Life Insurance Company's state of domicile is New York and their NAIC ID # is 66915.


Download, print and mail in your Application today!

  1. Use the link below to download and print the form.
  2. Please complete all fields on the Application.
  3. Mail in your form to the ACP Member Insurance Program at PO Box 9947, Phoenix, AZ 85068


Questions? Call ACP Member Insurance Program Customer Service number at 1-855-749-7908.

Download Printable Application


How New York Life Obtains Information and Underwrites Your Request For Senior Term Life Insurance

In this notice, references to "you" and "your" include any person proposed for insurance. Information regarding insurability will be treated as confidential. In considering whether the person(s) in your request for insurance qualify for insurance , we will rely on the medical information you provide, and on the information you AUTHORIZE us to obtain from your physician, other medical practitioners and facilities, other insurance companies to which you have applied for insurance and MIB, LLC. ("MIB"). MIB is a not-for-profit organization of insurance companies, which operates an information exchange on behalf of its members. If you apply for life or health insurance coverage, a claim for benefits is submitted to an MIB member company, medical or non- medical information may be given to MIB, and such information may then be furnished by MIB, upon request, to a member company.

Your AUTHORIZATION may be used for a period of 24 months from the date you signed the application for insurance, unless sooner revoked. The AUTHORIZATION may be revoked at any time by notifying New York Life in writing at the address provided. Your revocation will not be effective to the extent New York Life or any other person already has disclosed or collected information or taken other action in reliance on it, or to the extent that New York Life has a legal right to contest a claim under an insurance certificate or the certificate itself. The information New York Life obtains through your AUTHORIZATION may become subject to further disclosure. For example, New York Life may be required to provide it to insurance, regulatory or other government agencies. In this case, the information may no longer be protected by the rules governing your AUTHORIZATION.

MIB and other insurance companies may also furnish New York Life, its subsidiaries or the Plan Administrator with non-medical information (such as driving records, past convictions, hazardous sport or aviation activity, use of alcohol or drugs, and other applications for insurance). The information provided may include information that may predate the time frame stated on the medical questions section, if any, on this application. This information may be used during the underwriting and claims processes, where permitted by law.

New York Life may release this information to the Plan Administrator, other insurance companies to which you may apply for life and health insurance, or to which a claim for benefits may be submitted and to others whom you authorize in writing, however, this will not be done in connection with test results concerning Acquired Immune Deficiency Syndrome (AIDS) or Human Immunodeficiency Virus (HIV). We may also make a brief report of your protected health information to MIB, but we will not disclose our underwriting decision.

New York Life will not disclose such information to anyone except those you authorize or where required or permitted by law. 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.

If we cannot provide the coverage you requested, we will tell you why. If you feel our information is inaccurate, you will be given a chance to correct or complete the information in our files. Upon written request to New York Life or MIB, you will be provided with non-medical information. Generally, medical information will be given either directly to the proposed insured or to a medical professional designated by the proposed insured. Your request is handled in accordance with the Federal Fair Credit Reporting Act procedures. If you question the accuracy of the information provided by MIB, you may contact MIB and seek a correction. MIB's information office is: MIB, LLC., 50 Braintree Hill Park, Suite 400, Braintree, MA 02184-8734, telephone 866- 692-6901. For Canadian residents, the address is: MIB Information Office, 330 University Avenue, Suite 501, Toronto, Ontario, Canada M5G 1R7, telephone 416-597-0590. Information for consumers about MIB may be obtained on its website at

For NM Residents: PROTECTED PERSONS1 have a right of access to certain CONFIDENTIAL ABUSE INFORMATION2 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 address.

1PROTECTED PERSON means a victim of domestic abuse: who has notified us that he/she is or has been a victim of domestic abuse; and who is an insured person or prospective insured person.

2CONFIDENTIAL 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 relationship.

New York Life Insurance Company 8.12 ed.

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When you become insured, you will be sent a Certificate of Insurance, summarizing your coverage. This website is only a brief description of some of the principal provisions and features. The complete terms are set forth in the group policy issued by New York Life Insurance Company to the Trustees of the American College of Physicians, Inc. Insurance Trust.

If you’re not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated, and you will be sent a full refund, no questions asked!


This product is not available in CT, NY, and UT.


Questions? Call ACP Member Insurance Program Customer Service Phone number at 1-855-749-7908.


Underwritten by New York Life Insurance Company, 51 Madison Avenue, NY, NY 10010 under Policy Number G-29102-2 on Policy Form GMR-FACE/G-29102-2. Before applying, be sure to read through all tabs of this website to learn more about this coverage, including features, costs, eligibility, renewability, limitations, and exclusions.