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Term Life Insurance
- Instant Quotes and Instant Coverage
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Term life insurance is not only a way to protect the people you love, it can be an important part of your financial planning strategy, too. |
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American Life Insurance of New York - Instant Term
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Choose either 10 or 20 year policies with coverage levels ranging from $100,000 to $1 million
- and you receive immediate coverage for at least 3 months the minute you complete the
application and pay online. Get started today by clicking Here!
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Term Life Insurance
Our term life insurance products are fully underwritten with immediate approval and insurance coverage via the Internet. There is no face-to-face interview with an agent, no lengthy paperwork;
and American Life makes it easy for you to manage the policies online. After filling out a questionnaire, applicants receive a premium quote online that is binding-initially for 3 months, and
then for the full term-once medical test results are verified. |
Instant Term
Instant Term offers a choice of a 10 or 20 year term with face amounts ranging from $100,000 to $1,000,000. Typically, a healthy person will need to answer about 40 questions in our health and
lifestyle questionnaire. With this interview, we can make a prompt determination regarding a person's insurability and issue a policy immediately. The online offerings of most other insurance
companies require a six- to ten-week turnaround period. Read more about Instant Term in our product summary or
apply for coverage now. |
| Instant Term Product Summary |
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| Term Life Insurance |
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Electronically-enabled paperless product. Get immediate issue of 3-months of term life coverage online. Full-term 10- or 20-year coverage
following underwriting validation. Guaranteed level premium. |
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| Issued By |
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Issued by American Life Insurance Company of New York. |
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| Duration |
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Ten (10) and twenty (20) years |
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| Issue Ages |
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10 Year Term: Ages 18-60
20 Year Term: Ages 18-58 (except New York, which is ages 18-50). |
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| Face Amounts |
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$100,000 to $1,000,000 |
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| Rate Guarantee |
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Rate is guaranteed for initial 3 months; full-term coverage rate will be guaranteed following underwriting validation. |
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| Renewability |
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Renewable to age 80. |
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| Re-entry Provision |
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10 Year Term: Expires at age 60.
20 Year Term: Expires at age 58. |
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| Convertible Option |
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May be converted to any plan of whole life insurance offered by the Company at the date of conversion. Convertibility expires at age 70. |
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| Underwriting Classes |
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Super Preferred Non-Tobacco, Preferred Non-Tobacco, Preferred Tobacco User, Standard Non-Tobacco and Standard Tobacco User. |
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| Payment Modes |
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Visa, MasterCard, American Express, Discover, Electronic Funds Transfer (EFT). |
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| Payment Frequency |
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Annual, semi-annual, quarterly, monthly. (frequencies other than annual have modal adjustments). |
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| Owner |
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Must be the insured (once the policy is in force, ownership changes may be made). |
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| Beneficiary |
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Spouse or immediate family member; grandparent, niece, nephew, trust or estate. |
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Instant Term and/or all features may not be available in all states.
Benefits offered may vary due to misstatement of age or sex. |
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