AIIT Group Insurance Program

Group Disability Income Insurance

Would you be financially secure if you were to become disabled and couldn’t work? You can help protect yourself and your loved ones from the financial consequences of a disability that keeps you out of work with AIIT Group Disability Insurance.

By purchasing disability coverage as an Appraisal Institute Professional, you have access to the following benefits if you become Totally Disabled:

  • Choose from two plan options: Long-Term or Short-Term
  • Your choice of monthly benefit: Short-Term Plan is from $300 to $2,000 per month; Long-Term is from $500 to $5,000 per month*
  • Your choice of waiting period with Long-Term Plan (30 or 90 days); Short-Term Plan waiting period is only 30 days
  • Future Purchase Option available with Long-Term Plan
  • Premium payments waived while receiving Total Disability Benefits
  • Residual Benefits
  • 20% premium discount for new applicants for the first two years

*The maximum amount payable under the Policy of any month of an insured Professional’s covered disability is $7,000.


If you’re an Appraisal Institute Professional in good standing, under age 65, a resident of the United States (except VT, WA, and territories), or Canada (except Quebec), at FULL-TIME WORK*, and not in full-time military service, you’re eligible to apply for Monthly Benefits of:

  • $500 to $5,000 (in units of $100) in AIIT Group Long-Term Disability Income Insurance
  • $300 to $2,000 (in units of $100) in AIIT Group Short-Term Disability Income Insurance

The benefit amount you apply for under this plan, in combination with all other disability insurance in force or applied for, can’t exceed:

  • 60% of your basic monthly earned income for the Long-Term Plan
  • 70% of your basic monthly earned income for the Short-Term Plan

Earned income, if you are self-employed, is net monthly earnings after business expenses, before taxes. If you have incorporated, earned income includes the cost to the operation of your fringe benefits and the share of total contributions to corporate surplus for the preceding 12 months. Income from investments, royalties, etc., or other income for which no service or work is performed is not included in earned income. Otherwise, earned income means the basic rate of compensation from your employer excluding overtime, bonuses, and the like.

*Please see plan brochure for definitions of FULL-TIME WORK, TOTAL DISABILITY, and EARNED INCOME, as well as complete benefit descriptions of the Short-Term Plan, Long-Term Plan, and Future Purchase Option for the Long-Term Plan.

Complete details, including features, costs, eligibility, renewability, limitations, and exclusions are in the Certificate of Insurance. Certain state eligibility restrictions apply.

New York Life Insurance Company

New York Life Insurance Company (New York Life) is a leader in the association group insurance field, providing life and health insurance plans for membership associations. The company has an enduring commitment to its customers' financial security. Regardless of the state of the economy or the stock market, New York Life bases its financial decisions on the guiding principle of serving its clients. New York Life has the highest possible financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+).*

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the Plan details sections for current availability.

New York Life
State of Domicile:  New York
NAIC ID #66915
51 Madison Avenue
New York, NY 10010 USA

*Individual independent rating agency commentary as of 7/30/18.