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Decreasing Term Life Insurance
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Choose between 4 plan options; benefits up to $400,000 depending on your age. Premiums remain the same and coverage decreases as you age. No war clause or exclusions for acts of terrorism. Flying personnel are covered 100%.


  • Pays highest benefits when you're younger...when you need them most
  • Contains no war clause and same low cost for flying personnel
  • Affordable monthly rates that do not increase with your age
  • Offers 4 plan options: Select ($30/month), High Option Plus ($20/month), High Option ($15/month), or Standard ($10/month)

79627-DTL

Convenience plus 30 Day Free Look Apply Today!


Four plans to suit your needs

If you are under age 65 and a member of AFA, depending on your age and your family's needs, you can choose between 4 plan options: Select Plan ($30/month), High Option Plus Plan ($20/month), High Option Plan ($15/month), or Standard Plan ($10/month). Each plan pays its highest benefit amounts when your responsibilities are greatest. Note: premiums remain the same when the benefit amounts begin to reduce. You benefit from this arrangement in that your overall premiums are lower so that when you grow older and are on a fixed income, you will not be paying higher and higher premiums as with many other types of life insurance.

Premiums start at just $10 a month and do not increase as you grow older

Imagine, at age 20-24, for as little as $10 a month you can have as much as $200,000 life insurance protection to help your loved ones’ futures in the event of your death. Plus your premiums are level; they do not increase as you grow older.

Whole family coverage for an additional $2.50

Regardless of the level of coverage you choose, an additional $2.50 each month can insure your spouse and all of your unmarried dependent children up to 21 (23 if full time student) years of age. Please refer to your certificate for special circumstances for Dependent Child coverage for ages beyond 21.

No war clause...no extra charge for flying status personnel

Here is a valuable feature you won't find in many other life insurance policies! In the interest of Veterans and their dependents, this AFA program has no limitation or restriction on the payment of benefits should the insured be killed in a war or act of war.

Likewise, there is no restriction on benefits or extra premium charged to personnel who are on flying status. AFA’s plan provides full coverage for all Veterans...all the time...at the same cost!

AFA Pays Your Premiums From Age 95

Once issued, AFA’s Decreasing Term Life Insurance is renewable to age 95. After age 95, a death benefit of $1,000 (and $1,000 for your Spouse if you had Family coverage at age 95) will be continued at no cost to you. AFA will pay your premiums to New York Life Insurance Company on your behalf.

No further premiums due if you become disabled

If, prior to your attainment of age 60, you become totally disabled and the disability lasts for at least 6 months while your coverage is in force, you may apply for the Disability Waiver of Contribution Benefit. Upon approval, your coverage will remain in force without further payment of premium on your part, for as long as you continue to be totally disabled and are otherwise eligible for coverage, to age 95, at the lowest level of coverage.

*Policy Exclusions

Benefits for suicide or death as a result of intentionally self-inflicted injuries (while sane or insane) will not be effective until coverage has been in force for 24 months.

Convenient payment options

Premiums may be paid quarterly, semiannually or annually. Or you may prefer to pay monthly by government allotment or automatic debit from your checking account. Many choose the latter ways so as to eliminate additional bills and the necessity of writing and mailing checks.

30-Day Free Look

If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund - no questions asked!

Effective Date

You and your eligible dependents will become insured on the date specified by New York Life Insurance Company provided the first premium contribution has been paid, satisfactory evidence of insurability has been submitted and you and your dependents are alive on that date. Coverage for any dependent who is confined at home, in a hospital or other medical institution, or is incapacitated so as to be unable to perform his or her normal activities on the date coverage would otherwise become effective, will not become effective until the date he or she is no longer so confined or incapacitated provided you are insured on that date and the dependent is still eligible for insurance. Payment of a premium contribution for insurance does not mean there is any coverage in force before the effective date as specified by New York Life Insurance Company.

When Coverage Ends

Your insurance can remain in force for you and your insured family members as long as they remain eligible, provided: (a) you remain a member of AFA; (b) you continue to pay premium contributions when due; and (c) the group plan is not terminated or modified by the Policyholder or New York Life Insurance Company to end insurance for the group of insureds to which you belong. Upon your death, coverage for your insured dependents may continue as described in the Certificate of Insurance.

Certificate Of Insurance

This information is only a brief description of the principal provisions and features of the Plan. The complete terms and conditions are set forth in the group policy issued by New York Life to the Air Force Association Life Insurance Plan. When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the Plan.

Group Conversion Privilege

The plan provides conversion privileges under certain circumstances of involuntary termination as described in the Certificate of Insurance.

Who is eligible to apply?

All AFA Members are eligible to apply if you’re under age 65 and are a member of AFA in good standing.
Coverage is not available in all states, contact the administrator for details.

Want additional coverage?

Consider supplementing coverage under this plan with AFA's Term Life Insurance.

Important Notice

How New York Life Obtains Information and Underwrites Your Request for Group Decreasing Term Life Insurance

In this notice, references to “you” and “your” include any person proposed for insurance. Information regarding insurability will be treated as confidential. In considering whether the person(s) in your request for insurance qualify for insurance, we will rely on the medical information you provide, and on the information you AUTHORIZE us to obtain from your physician, other medical practitioners and facilities, other insurance companies to which you have applied for insurance and MIB, Inc. (“MIB”). MIB is a not-for-profit organization of insurance companies, which operates an information exchange on behalf of its members. If you apply for life or health insurance coverage or a claim for benefits is submitted to an MIB member company, medical or non-medical information may be given to MIB and such information may then be furnished by MIB, upon request, to a member company.

Your AUTHORIZATION may be used for a period of 24 months from the date you signed the application for insurance, unless sooner revoked. The AUTHORIZATION may be revoked at any time by notifying New York Life in writing at the address provided. Your revocation will not be effective to the extent New York Life or any other person already has disclosed or collected information or taken other action in reliance on it, or to the extent that New York Life has a legal right to contest a claim under an insurance certificate or the certificate itself. The information New York Life obtains through your AUTHORIZATION may become subject to further disclosure. For example, New York Life may be required to provide it to insurance, regulatory or other government agencies. In this case, the information may no longer be protected by the rules governing your AUTHORIZATION.

MIB and other insurance companies may also furnish New York Life, its subsidiaries or the Plan Administrator with non-medical information (such as driving records, past convictions, hazardous sport or aviation activity, use of alcohol or drugs, and other application for insurance). The information provided may include information that may predate the time frame stated on the medical questions section, if any, on this application. This information may be used during the underwriting and claims processes, where permitted by law.

New York Life may release this information to the Plan Administrator, other insurance companies to which you may apply for life and health insurance, or to which a claim for benefits may be submitted and to others whom you authorize in writing. However, this will not be done in connection with test results concerning Acquired Immune Deficiency Syndrome (AIDS) or Human Immunodeficiency Virus (HIV). We may also make a brief report of your protected health information to MIB, but we will not disclose our underwriting decision.

New York Life will not disclose such information to anyone except those you authorize or where required or permitted by law. Information in our files 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. Upon written request to New York Life or MIB, you will be provided with non-medical information. Generally, medical information will be given either directly to the proposed insured or to a medical professional designated by the proposed insured. Your request is handled in accordance with the Federal Fair Credit Reporting Act procedures. If you question the accuracy of the information provided by MIB, you may contact MIB and seek a correction. MIB’s information office is: MIB, Inc. 50 Braintree Hill Park, Suite 400, Braintree, MA 02184-8734, telephone 866-692-6901 (TTY 866 346-3642). Information for consumers about MIB may be obtained on its Web site at www.mib.com.

For NM Residents: PROTECTED PERSONS1 have a right of access to certain CONFIDENTIAL ABUSE INFORMATION 2 we maintain in our files and they may choose to receive such information directly. You have the right to register as a PROTECTED PERSON by sending a signed request to the Administrator at the address listed on the application. Please include your full name, date of birth and address.

1PROTECTED PERSON means a victim of domestic abuse; who has notified us that he/she is or has been a victim of domestic abuse; and who is an insured or prospective insured person.

2 CONFIDENTIAL ABUSE INFORMATION means information about: acts of domestic abuse or abuse status; the work or home address or telephone number of a victim of domestic abuse; or the status of an applicant or insured family member, employer or associate of a victim of domestic abuse or a person with whom the applicant or insured is known to have a direct, close, personal, family or abuse-related relationship.

New York Life Insurance Company

8/12 ed.

Underwritten by New York Life Insurance Company, under Group Policy No. G-30291-0, on Policy Form GMR-FACE /G-30291-0

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

TABLE OF BENEFITS AND PREMIUMS



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We're here to help! Please contact us in whatever manner is most convenient for you.

Administered by:

Mercer Consumer
12421 Meredith Drive
Urbandale, IA 50398
Phone: 1-800-291-8480
(Mon-Fri 7:00 am to 5:00 pm and Sat-Sun 8:00 am to 5:00 pm, Central)
Email: AFA.service@mercer.com

Underwritten by:

New York Life Insurance Company
51 Madison Avenue
New York, NY 10010
Under Group Policy No. G-30291-0, on Policy Form G-30291-0 GMR-FACE

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