Family Protection Group Whole LifeThis Whole Life Insurance is a level premium cash value plan you can tailor to meet your specific needs.This is a basic type of permanent, cash value insurance. It provides permanent lifetime protection with a fixed rate of return that builds cash value. The death benefit, premium and cash value are established when the policy is issued. Also, because the coverage is permanent, you can continue your coverage even if you do not maintain your membership in your association. What's more, the plan builds cash value. Plan Highlights Who Is Eligible Plans Available Biweekly Payment Plans to Choose From Living Benefit/Accelerated Death Benefit Option Waiver Of Premium Beneficiary Broad Benefits - Only One Exclusion Cash Values Loans Reduced Paid-up Insurance Optional Accidental Death Benefit Accidental Death Benefit Exclusions Guaranteed Level Premiums Lifetime Coverage Individual Certificate What If I Have Other Whole Life Insurance In Force? How To Apply Effective Date Of Coverage Important Notice for All Applicants Answers To Frequently Asked Questions About CSEA Group Whole Life Insurance Plan Administered By Plan Underwritten By The Civil Service Employees Association (CSEA) is committed to providing its members with the highest quality insurance products. With this in mind, CSEA features a Group Whole Life Insurance Policy that can be tailored to help you meet your specific insurance needs. CSEA Group Whole Life is a level premium whole life insurance plan that builds cash value and is now available to CSEA members and their families. Plan Highlights
Who Is Eligible Members - This plan is available to all CSEA members under age 60. Spouses - Members may also request coverage for their lawful spouses under age 60. Children - Members may also request coverage for each of their unmarried children age 15 days thru 24 years. Spouses and children who are CSEA members must apply for member coverage. If both parents are insured as CSEA members, only one may request coverage for their eligible children. Plans Available Members and spouses can apply for up to $100,000 of coverage in units of $10,000. Children need coverage too! With this plan you may also obtain up to $20,000 in units of $4,000 of coverage for each of your eligible children. Since premiums are based on the age of the child at issue, the cost to you will be considerably lower than that charged for you or your spouse. Please contact your authorized Pearl Carroll & Associates Representative for an application form and a Personal Plan Illustration with amounts of coverage detailing Biweekly Premium Rates, Amounts of Coverage and Cash Values and Paid-Up Insurance. Living Benefit/Accelerated Death Benefit Option This is a special feature for members, spouses and children. If the insured is diagnosed with a terminal condition that results in an expected life span of 12 months or less, an Accelerated Death Benefit of 50% of the insured's whole life insurance amount may be paid. Diagnosis and evaluation of the limited life expectancy must be provided to New York Life. The benefit is paid upon approval of the claim. The Accelerated Death Benefit will also be reduced by 1/2 of any outstanding policy loan that is in effect when the benefit is payable. Upon the death of the insured, the amount of the insurance then payable will be reduced by the amount of the Accelerated Death Benefit paid. Please note that receipt of Accelerated Death Benefits may affect eligibility for public assistance programs and may be taxable. Prior to applying for accelerated death benefits, you should consult with the appropriate social services agency, and assurance should be sought from a qualified personal tax advisor. Waiver Of Premium If you, the member, become totally disabled while insured and before age 60, and the disability lasts at least 6 months, your coverage, including any dependent coverage which you may then have in force, will be continued at no cost to you as long as you remain totally disabled. Total Disability is defined as one which is due to an accident or illness and which completely and continuously prevents you from performing the material and substantial duties of any occupation for which you are reasonably qualified. Periodic evidence of your continued total disability will be required during the period your premiums are being waived. Beneficiary You may choose anyone you wish as the beneficiary for coverage on your life. You may also change your beneficiary at any time by written request. You are automatically the beneficiary for your dependents coverage unless you designate otherwise. Broad Benefits - Only One Exclusion Benefits are payable for death due to any cause while insured. In case of death due to suicide within 12 months of the effective date, benefits are limited to a return of the premium paid. Cash Values After the first few years, CSEA's Group Whole Life has increasing cash surrender values. If coverage is terminated after cash value has accrued, it may be surrendered for its cash value or may be exchanged for an amount of paid-up insurance. The reduced paid-up insurance continues to build a cash surrender value. Loans Cash loans at current interest rates may be requested through Pearl Carroll & Associates, the Plan Administrator's office, once cash values are available. The death benefit will be reduced by the amount of any unpaid loan, plus any interest-to-date. If the interest isn't paid at the end of each calendar year, it is applied to the loan balance. If the loan plus interest exceeds the cash value, the insurance will terminate. Complete details are in your Certificate. Reduced Paid-up Insurance This is an amount of life insurance for which you can surrender your Group Whole Life Insurance and on which no further premiums are required to keep it in force. Complete details are in your Certificate. Optional Accidental Death Benefit This optional benefit is available to CSEA members in an amount equal to their Whole Life coverage amount. CSEA Members who elect this coverage may also add it to any spouse Whole Life coverage that they are applying for. Benefits are payable for death which occurs while insured as a result of a covered accident. Accidental Death Benefit Exclusions Benefits are not provided for death due to an accident that is incurred while not insured nor are benefits provided for accidental death due to: war; suicide or intentionally self-inflicted injury; treatment for sickness or disease, or, its medical or surgical treatment; illegal use of drugs or the use of alcohol; air travel, unless riding solely as a passenger; or due to the commission of a felony or assault; an illegal occupation or activity; insurrection, terrorist activity or riot. Guaranteed Level Premiums The CSEA Group Whole Life Plan features premiums with coverage amounts based on your age and smoking status upon entry into the plan. These rates and coverage amounts remain level for as long as you keep the coverage in force...for life. Please contact your authorized Pearl Carroll & Associates Representative for your Personal Plan Illustration with Amounts of Coverage, Cash Values, and Paid Up Insurance Amounts for the biweekly plan you have selected. Lifetime Coverage Neither New York Life nor CSEA has the right to cancel the plan. The only way coverage can be terminated is if premiums are not paid. Individual Certificate This brochure outlines the principal provisions of the CSEA Group Whole Life Plan and Optional Accidental Death Benefit. Complete details are in Group Policy G-11590 (Policy Form GMR) issued to CSEA at its headquarters in Albany, NY by New York Life. Each insured Member, spouse and child will be issued a Certificate of Insurance detailing their coverage under the Plan. What If I Have Other Whole Life Insurance In Force? The CSEA sponsored Group Whole Life Plan can provide you with solid protection at a reasonable premium. However, it may not be to your advantage to replace your current coverage. If you are thinking of replacing your current policy with this plan be sure to get the full facts...Contact your Insurance Agent or personal financial advisor BEFORE canceling your current policy. How To Apply Applications are available from your Pearl Carroll & Associates representative. Call 1-800-VIP-CSEA or e-mail CSEA Marketing. Effective Date Of Coverage All coverage is subject to underwriting approval by New York Life. Approved coverage will take effect on the first of the month coinciding with, or next following the date coverage is approved provided the premium has been paid. You and your dependents (if also applying for coverage) must be performing their normal activities on the date the premium is paid. All premiums are paid thru payroll deduction (where available) - quarterly premium billing is available upon request. Automatic monthly checking withdrawal is also available. Important Notice for All Applicants How New York Life underwrites your Request for Coverage: Information regarding insurability will be treated as confidential. In considering whether the persons in your request for insurance qualify for coverage, we will rely only on the information we may ask you to obtain from a doctor, hospital, etc. New York Life will not disclose such information to anyone unless you authorize it or where required by law. This information 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. Although we cannot provide you with any medical information in our files, we will, upon written request, provide such information to a physician you designate. 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. Answers To Frequently Asked Questions About CSEA Group Whole Life Insurance
Plan Administered By Pearl Carroll & Associates, LLC 12 Cornell Road Latham, NY 12110 Plan Underwritten By New York Life Insurance Company 51 Madison Avenue New York, NY 10010 
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