The Soapbox and Toolbox for New York State's Nonprofits

Life Insurance [download informational flyer]

NYCON and Council Services Plus are pleased to offer life insurance for only 30 cents per $1,000 to NYCON member organizations. 

As the leader in Group Life Insurance[1], MetLife is in a unique position to help provide the right plan for employers – not just today, but over time – to meet the changing needs of businesses and their employees. Since many employees purchase life insurance through their workplace, it’s a critical part of a company’s benefits package – helping employees achieve financial security for their families. And no one is better at helping provide this security than MetLife. Council Services Plus, the insurance subsidiary of the New York Council of Nonprofits, is pleased to offer New York State nonprofits quality Group Term Life Insurance at affordable group rates. 

Available to groups with 1 or more employees:

  • Benefits in flat amounts from $5,000 to $50,000 (in increments of $1,000.) Annual Salary[2] (rounded to the nearest $1,000 and capped at $100,000)
  • Coverage is guaranteed when requested amounts are $50,000 or below.
  • Accelerated Benefit Option for employees who become terminally ill.
  • Accidental Death & Dismemberment (AD&D) coverage available for employees.
  • Continued Death Benefits in the event of Total Disability.
  • Conversion Privilege.
  • 100% participation (by class) is required, plans can be contributory

Coverage Costs are $.30 per $1000, (including the administrative fee.)

[1] Employee Benefit Plan Review, May 2003. Based on total life insurance in force as of 12/31/02.

[2] Basic annual salary may include an employee’s gross annual rate of pay from the employer, excluding overtime and other extra pay. If an employee is a salesperson, basic annual salary includes commissions and/or bonuses, averaged for the most recent 24-month period.

[3] Amounts above $50,000 will require a Statement of Medical Health and underwriter approval

 

NYCON develops and promotes an effective and vibrant charitable nonprofit community throughout New York State.  We strengthen organizational capacity, act as an advocate and unifying voice, help to inform philanthropic giving, and conduct research and planning to demonstrate relevance and impact.