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Buying life

insurance at work.

What type is right for you?

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The products I offer.

New York Life and NYLIAC’s businesses are built to endure, and their products are backed by an unsurpassed level of financial strength.1, 2

As a mutual company, New York Life has no shareholders. So, its main focus is not on short-term gains. Instead, New York Life’s policy owners are at the center of everything the company does. That is why the company acts in the best long-term interests of all its policy owners.

As a financial professional representing New York Life and NYLIAC, I receive comprehensive and ongoing product training, and benefit from the company’s technology resources and other support. This relationship enables me to better serve your best interests.

The power of

a long-term

relationship.

Mutuality.

Financial

strength.

There are several important reasons

ZK\,DPSURXGWRRNjHU1HZ<RUN/LIH

and NYLIAC products:

Why I represent

New York Life.

I am a financial professional representing New York Life Insurance Company and

New York Life Insurance and Annuity Corporation (NYLIAC), and while I am licensed

to offer life insurance and annuity products from other companies, I typically offer

New York Life and NYLIAC’s full line of quality life insurance and annuity products.

When I sell products issued by New York Life and NYLIAC, those sales count toward

minimum annual production requirements established by New York Life.

Even though New York Life and NYLIAC offer high-quality life insurance and annuity

products, I will offer you products of other insurers if, in my professional judgment:

However, I choose not to offer indexed life insurance and indexed annuity products

issued by any company.

• Neither New York Life nor NYLIAC offer a product that meets your needs or objectives,

• The underwriting criteria of New York Life and NYLIAC are not favorable to you,

• The offer made by New York Life or NYLIAC is not acceptable to you, or

• New York Life and NYLIAC have declined to issue a product to you.

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Employee’s Whole Life Insurance

Even if you already have group term life insurance,

you can get this extra protection typically with the

convenience of automatic payroll deductions. Most

group term life insurance coverage ends when you

leave the employer through which it was purchased.

New York Life Employee’s Whole Life Insurance lets

you take your policy with you even if you change jobs

or retire. And since you typically pay for Employee’s

Whole Life through payroll deductions, it’s automatic,

it’s easy to manage, and there’s no more worrying

about late or missed payments. When you elect

to purchase an Employee’s Whole Life policy, you’ll

receive these additional valuable benefits

5

:

New York Life offers

you a complement

to your employee

benefits—permanent,

3

affordable life

insurance.

4

Hassle-free

application

process.

Unlike underwritten life insurance policies, which often require applicants to complete a medical examination and questionnaire, Employee’s Whole Life requires no physical exams and limited or no medical questions.

Guaranteed life

insurance benefit.

As long as your premiums are paid on time, you will enjoy full protection for your lifetime.

Fixed, level

premiums.

Your premiums are locked in at the time of purchase. They will never go up, regardless of your health, your age, or the economy.

Family

friendly.

Coverage is available for a spouse or domestic partner, children, and grandchildren.

Annual dividend

payouts.

As a policy owner, you automatically become eligible to receive dividends, which you can keep or use to purchase additional paid-up insurance to grow your policy.6

Cash value

accumulation.

Your policy builds cash value that is guaranteed to grow, tax deferred, over time. You can use your cash value for a variety of purposes.7

Flexibility.

You can customize your policy with additional features called riders. Some are available at an additional cost.

Tax

advantages.

%HQHnjFLDULHVW\SLFDOO\GRQRWSD\LQFRPHWD[HVRQWKHOLIHLQVXUDQFHEHQHnjWV they receive. In addition, your cash value grows tax-deferred. And, if your needs change, you can usually access the policy’s cash value income tax free.7,8

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Underwritten Life Insurance

Whether you’re planning for retirement, saving for your

children’s college education, or just starting out, your

needs may extend beyond what your benefits package

can meet. Our company model, built on personal service,

means that you have access to a qualified financial

professional who can educate you on additional products,

if desired. Our suite of fully underwritten life insurance

products can go a long way toward providing further peace

of mind for you and your family. And, what’s more, you can

elect to pay for these underwritten New York Life products

through convenient payroll deductions if your employer

agrees to use our payroll deduction service.

No two people

are exactly alike.

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You may want to

consider more than one

type of life insurance.

When it comes to life insurance, you might wonder whether you should have

short-term protection (like a group term policy or underwritten term life) or

long-term protection (like Employee’s Whole Life or underwritten whole life).

However, short-term and long-term insurance can work together to provide

comprehensive protection throughout your lifetime.

Things to consider.

5HYLHZ\RXUOLIHLQVXUDQFHQHHGVEDVHGRQ\RXUVSHFLnjFFLUFXPVWDQFHV Choose the type(s)

RIOLIHLQVXUDQFHWKDWVXLWV\RXUQHHGV$VNDQLQVXUDQFHnjQDQFLDOSURIHVVLRQDOIRUKHOS

%HVXUH\RXFDQDNjRUGWKHSUHPLXPSD\PHQWV Consider not only the initial premium, but any

possible premium increases over time.

Review your insurance application carefully before you sign it to make sure all answers are

complete and accurate. Review illustrations carefully as well.

Buy long-term life insurance only if you intend to stick with the plan. It may be very costly if

you stop during the early years of the policy.

5HSODFLQJOLIHLQVXUDQFHPD\EHFRVWO\DQG\RXPD\ORVHVRPHEHQHnjWV Therefore,

before dropping one policy to buy another, thoroughly review the new policy and the one

you have now.

Read your policy carefully. $VN\RXUnjQDQFLDOSURIHVVLRQDORU1HZ<RUN/LIHDERXWDQ\WKLQJ

that is not clear to you.

5HYLHZ\RXUOLIHLQVXUDQFHZLWK\RXUnjQDQFLDOSURIHVVLRQDORQDUHJXODUEDVLV to ensure that

your insurance coverage is keeping up with changes in your needs and income.

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Advantages and disadvantages

:KDWDUHWKHGLNjHUHQFHV"

Comparing Employee’s Whole Life

with Underwritten Life Insurance.

Employee’s Whole Life Underwritten Life Insurance

What is

required?

You are eligible if you’re between ages 16 and 70, have worked for your employer for at least six months, and work at least 30 hours per week.9

May require an evaluation of your health and medical KLVWRU\WRVHFXUHWKHDPRXQWRIGHDWKEHQHnjWFRYHUDJH customized for your needs.

How long

does it last?

As long as you live. Stays with you even after you retire or leave your employer, as long as premiums are paid when due.

7KHUHDUHDIHZGLNjHUHQWW\SHVRIOLIHLQVXUDQFH+RZ long it lasts will depend on the type of policy you select. A long-term life insurance policy is generally designed to last as long as you live as long as premiums are paid ZKHQGXH$WHUPOLIHLQVXUDQFHSROLF\RNjHUVVKRUW WHUPGHDWKEHQHnjWSURWHFWLRQ

How much

can you get?

You determine how much coverage you’re willing to buy, subject to the policy’s minimum and maximum allowable amounts.

You determine how much coverage you’re willing to buy, subject to the policy’s minimum and maximum allowable amounts.

Employee’s Whole Life Underwritten Life Insurance

Potential

advantages

• No physical exams

• No or few medical questions

• Permanent life insurance coverage

• Ability to purchase lower GHDWKEHQHnjWDPRXQWV

• May qualify for lower premiums based on risk-class rating

• $EOHWRSXUFKDVHODUJHUGHDWKEHQHnjW

• 0RUHǍH[LELOLW\WRFXVWRPL]HWRPHHW\RXUVSHFLnjFQHHGV

• Option to purchase permanent life insurance coverage

Potential

disadvantages

• Generally, more costly than underwritten life insurance

• /RZHUGHDWKEHQHnjW maximums.

• May need to take a medical exam and answer medical questions.

• May pay higher premiums depending on your risk-class rating.

• May be declined for coverage if you are considered high risk

• /DUJHUGHDWKEHQHnjWPLQLPXPV

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As a New York Life agent I strive to provide a valuable service by explaining and offering guidance about the benefits, terms, and conditions of New York Life products, and making these products available for purchase.

If you decide to purchase a New York Life product, I will receive compensation from New York Life. That compensation, and the compensation of any other licensed company representatives you may have been in contact with during the sales process, will vary based on a number of factors, including the type of product

that you buy and the amount of New York Life products that I sell. I can provide further information about the expected compensation relating to your purchase and relating to any alternative solutions.

New York Life complies with New York State insurance law, which strictly limits the commissions and other forms of compensation paid to agents for the sale of individual life insurance policies or annuity contracts. Typically, these limitations are based on a

percentage of premium.

1 New York Life Insurance Company and New York Life Insurance and Annuity Corporation have the highest financial strength ratings currently awarded to any U.S. life insurer from all four major credit rating agencies. Individual independent rating agency commentary as of 9/12/2019: A.M. Best (A++), Fitch (AAA), Moody’s Investor Services (Aaa), Standard & Poor’s (AA+). This does not apply to the investment performance or the safety of the underlying investment divisions in the variable universal life policies.

2 New York Life Insurance Company (NYLIC) is a mutual insurance company and issues participating whole life and term insurance. New York Life Insurance and Annuity Corporation (NYLIAC), a wholly owned subsidiary, issues universal life insurance, variable universal life insurance, and asset preserver insurance.

3 Permanent whole life life insurance, designed for the long- term with steady cash value growth, can be a versatile tool to help meet several needs (assuming that you pay your premiums).

4 7KHOLIHLQVXUDQFHGHDWKEHQHƬWLVWKHDPRXQWWKDWLVSDLG ZKHQWKHSROLF\LVLQHƪHFWDQGWKHLQVXUHGGLHV7KHLQVXUHG is the person whose life is covered under the policy.

5 $OLYLQJEHQHƬWLVDQ\EHQHƬWWKHSROLF\RZQHUFDQDFFHVV while the insured is still living.

6 While dividends are not guaranteed, participating eligible policy owners have received them every year since 1854.

7 Cash value is the monetary value that has accumulated in your policy. Cash value can be accessed by loan or by withdrawal (sometimes known as partial surrender). Loans accrue interest, and if not repaid, will reduce the death EHQHƬWRIWKHSROLF\<RXUSROLF\PD\DOVRHQGVRRQHU than expected if the loan is not repaid. Accessing the cash value through withdrawal (partial surrender) will reduce WKHWRWDOFDVKYDOXHDQGSRVVLEO\WKHGHDWKEHQHƬW

8 There may be tax implications with respect to certain GLVWULEXWLRQVIURPDSROLF\WUHDWHGDVDpPRGLƬHG HQGRZPHQWFRQWUDFWq 0(& {{'LVWULEXWLRQV IRUWKLV purpose, including loans) from a MEC are taxable to the extent of the gain in the policy and may also be subject to a 10% penalty tax if the owner is under age 59½.

9 Must not have been absent from work more than 5 days during the last 3 months (except for vacations and normal non-working days).

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New York Life Insurance Company 51 Madison Avenue

New York, NY 10010 www.newyorklife.com

15128B.032019 SMRU1803199 (Exp.10.31.2021)

New York Life Employee’s Whole Life is issued by New York Life Insurance Company. All guarantees are based upon the claims-paying ability of the issuing company.

The employer does not contribute to or endorse the program. Employee participation is completely voluntary.

This program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA).

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