Eligible Federal employees and their spouses can apply for as much as $300,000 of Term Life Insurance at affordable rates:

The GEVBP Term Life Insurance Plan combines affordable rates with high-limit protection. There are no extras such as cash loans or retirement income value to increase the cost. This is truly a no-frills group plan offering you valuable life insurance protection.

Apply now and help erase the worry and concern for your loved ones’ financial future. If approved, you will have provided them with a no-nonsense, affordable, term life insurance plan.

Who Can Apply?

Any federal employee, under the age of 75, who is actively at work, and a resident of the United States (excluding ME, OR & SD) or Puerto Rico can apply. An employee must be actively at work on a full-time basis (30 or more hours per week) on the date his/her insurance is to take effect. If he/she is not, such insurance will take effect on the day the person resumes such activities.

You can also apply for coverage for your spouse through age 74 and dependent children (15 days through age 18 or through age 22 if a full-time student). Dependents must be able to perform the normal activities of a person of like age, sex or retired status on the date the insurance is to take effect. If not, the insurance will take effect on the day the insured resumes such activities provided they are still eligible on that day.

Affordable group rates.

The buying power of Association of Government Employees (AGE) makes this insurance affordable. (You choose how much protection you need.) Member and Spouse can be covered from $25,000 to $300,000 ($150,000 maximum for ages 70 through 74) in $25,000 increments. Children can be covered for up to $2,500($500 from 15 days to 6 months).

Help Protect your family against inflation:

After six months of continuous coverage, you and your spouse can increase your original benefit amount by 10% on each February 1 without additional underwriting for the next 10 years (or until you reach age 70) provided you were medically underwritten and approved for coverage in the previous 18 months of the first offer. That means that if you start with $50,000 in coverage, you will have $100,000 of coverage 10 years from now. The maximum life insurance amount is $300,000. Premium increases with each Benefit Increase offer accepted.

Complete details will be in your Certificate of Insurance.


Renewable to age 75 or your date of retirement if later.

As long as you make your payments on time and the master policy is in force, you can keep renewing your insurance until age 75 (or date of retirement if later). Coverage for your spouse and children will end when they cease to be eligible or when your coverage ends. However, if your coverage ends because of death, dependent coverage can continue provided the premium is paid and they remain eligible.

Group Conversion Privilege

If your insurance ends or reduces for any reason, other than your request, non-payment of premium, or receipt of an Accelerated Death Benefit, you have the privilege of converting your group coverage to an individual policy of permanent life insurance (other than term) from New York Life during the conversion period without evidence of insurability as will be described in your Certificate of Insurance.

All applications for conversion must be made within 31 days after the date the individual becomes entitled to exercise the conversion privilege.

Waiver of Premium

If an insured member becomes totally disabled prior to age 60, all premiums after six months of continuous disability can be waived and the insurance can continue in effect. Complete details will be available in your Certificate of Insurance.

An Accelerated Death Benefit*

This attractive benefits provision is available to insureds who are diagnosed by a physician to be terminally ill, and have 12 months** or less to live, you may elect to receive 50% of your group life insurance benefit. The remaining benefit then becomes payable to your beneficiary after your death.

Complete details will be available in the Certificate of Insurance. Receipt of this benefit may affect eligibility for public assistance programs and may be taxable. Prior to applying you should consult with the appropriate social services agency and your tax advisor.

* Not available to Residents of Massachusetts ** 24 months for Residents of Illinois.

Effective Date

Coverage becomes effective on the first day of the month coinciding with, or immediately following, the date your request for coverage is approved by New York Life Insurance Company, and the full premium for the insurance is received.

Benefits and Exclusions

New York Life will pay the amount of your insurance to your beneficiary if you die from any cause anywhere in the world. The only exclusions are for misrepresentation of facts on your application and for suicide in the first two years of coverage. Residents of Missouri: Benefits will not be paid for suicide within the first two years if New York Life can show that suicide was intended at the time of application. You name your beneficiary. You are the automatic beneficiary for dependent coverage.

Please Contact Us with any questions, or learn more about applying to GEVBP Group Term Life if you are ready to get started!


Brokered and Administered by:

Mass Benefits Consultants, Inc.
P.O. Box 828
Annandale, VA 22003-0828
Call Toll-Free – 1-800-221-3083

Underwritten by:

New York Life Insurance Company
51 Madison Avenue
New York, New York 10010
on policy form GMR

New York Life Insurance Company has received the highest possible ratings for financial strength currently awarded to any life insurer from the leading rating services: A.M. Best A++ (Superior), Fitch Ratings (AAA), Moody’s Investors Service (Aaa) and Standard and Poors (AA+).*

*Source: Individual Third Party Rating Reports (as of 8/13/2014)

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada.  However, not all group plans it underwrites are available in all jurisdictions.

Although every attempt has been made to verify the accuracy of the information contained on this website, errors and omissions may occur. You will receive a certificate of insurance describing the exact coverage and benefits purchased. This website explains the general purposes of the insurance described, but in no way changes or affects the insurance afforded under the group insurance policy G29293-0/GMR-FACE issued by New York Life to the Government Employees Voluntary Benefits Trust. All coverage is subject to the actual policy conditions and exclusions