Group Term Life Insurance
If you or your spouse were suddenly no longer around, would your loved ones be able to live comfortably and continue their lives as they'd planned without your income? With AIIT Group Term Life Insurance, Appraisal Institute Members can apply for up to $1,000,000 of coverage for themselves and their spouses at exclusively priced group rates. If you would like more than $1,000,000, you can apply for an additional $1,000,000 in coverage under the 10-year Level Term Life Insurance policy. The total amount of coverage an individual may request under all AIIT Group Term Life Insurance policies underwritten by New York Life Insurance Company cannot exceed $2,000,000.
Benefits
With this coverage, your spouse and/or your beneficiary will have much-needed financial assistance during a difficult time. You'll also have access to the following benefits:
- Portable Coverage: Maintain your valuable AIIT Trust Group Term Life Insurance protection, as long as you remain a member of the Appraisal Institute, pay your premiums when due, and the policy is still in effect.
- 20% credit for first two years: An AI Member insured under this policy for the first time will receive a 20% premium credit for the first 24 months of coverage. This credit applies to Appraisal Institute Members only.
- Combination Credit: An Appraisal Institute Member who is insured for both this policy and Disability Insurance under G-13776-2 issued to the policyholder by New York Life will receive a 5% credit off the contribution for both coverages, provided the member retains coverage in both coverages. This credit will cease to exist when insurance under this policy or G-13776-2 ends.
- Accelerated Death Benefit: If you or your spouse (if insured) is diagnosed as terminally ill with a life expectancy of 24 months or less, you may request one advance payment equal to 25% of your in-force life insurance while you are alive. (For terms, conditions, limitations, and exclusions, please download the brochure.)
- Benefit Increase Feature: Gives you the option to request an automatic annual increase of 10% of your initial insurance amount for 10 years, gradually doubling the insurance amount.
- 30-day Free Look: If you're 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 receive a full refund—no questions asked!
- And many more!
QuickDecisionSM Group Term Life Insurance
If you are under age 51, you and your spouse may be eligible to apply1 for up to $500,000 in Group Term Life Insurance through the streamlined application process. Here are some benefits that make this process more convenient than ever:
- Less Time: Your application contains fewer questions, letting you quickly take care of business before getting back to your day.
- Less Waiting: You can apply online and know if you've been approved in as little as one day.
- Less Hassle: No medical exam or lab work required—just answer some health questions and other information.2
Eligibility
You are eligible to apply for $10,000 to $1,000,000 (in multiples of $10,000) of AIIT Group Term Life Insurance for both you and your lawful spouse if:
- You're an Appraisal Institute Member
- You and your spouse (if proposed for insurance) are under age 67
- You and your spouse reside in the United States (except territories), Puerto Rico, or Canada (except Quebec)
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Insurance Carrier
This policy is underwritten by New York Life Insurance Company, under Group Policy No. G-13776-0, on Policy Form GMR-FACE/G-13776-0.
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 policies it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability.
New York Life’s state of domicile is New York, and NAIC ID # is 66915.
New York Life has received the highest financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch Ratings (AAA), Standard & Poor's (AA+), and Moody's Investors Service (Aa1).3
1,2Applying is fast, with no medical exam required. Just answer the online health questions. Your answers to the questions, along with other information you give us permission to obtain from other sources (i.e., motor vehicle reports, prescription drug & medical claim data, Medical Information Bureau), will determine your acceptance. Since your application is processed in real-time, you could get a coverage decision as soon as you complete your form (usually in less than 30 minutes).
3Source: Third-party rating reports as of 5/19/25
Videos
Apply Online!
Forms
Brochure
Group Term Life Insurance Brochure (includes rates)
Application
Group Term Life Insurance Application (download and mail)
Supplements
Group Term Life Insurance Beneficiary Form (download and mail)
Group Term Life Insurance Death Claim Form (download and mail)
Other Life Products
Contact Us
If you have any questions, please call:
800.222.9958
or email:
CustomerService@aiinsurancetrust.org
For more information, including features, costs, eligibility, renewability, limitations, and exclusions download the brochure.
The AIIT Group Term Life Insurance is Underwritten by:
New York Life Insurance Company
51 Madison Avenue
New York, NY 10010
under Group Policy No. G-13776-0
on Policy Form GMR-FACE/G-13776-0