AIIT Group Insurance Program

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 Professionals can apply for up to $750,000 of coverage for both you and your spouse, at competitive group rates. If you would like more than $750,000, you can apply for an additional $750,000 in coverage under the 10-year Level Term Life Insurance plan. The total amount of coverage an individual may request under all AIIT Group Term Life Insurance plans underwritten by New York Life Insurance Company cannot exceed $1,500,000.


With this coverage, your spouse and/or your beneficiary will have much-needed financial assistance during a difficult time, and you’ll have access to the following benefits:

  • Portable Coverage: Maintain your valuable AIIT Trust Group Term Life Insurance protection throughout your career, as long as you remain in good standing with the Appraisal Institute, you pay your premiums when due, and the policy is still in effect.
  • 20% discount for first two years: A Professional enrolled in this plan for the first time will receive a 20% premium discount for the first 24 months of coverage. This discount applies to Appraisal Institute Professionals only.
  • Combination Discount: An Appraisal Institute Professional 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% discount off the contribution for both plans, provided the Professional retains coverage in both plans. This discount 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 see Certificate of Insurance. Not available to residents of Massachusetts.)
  • Benefit Increase Feature: Gives you the option to accept an automatic annual increase of 10% of your initial insurance amount for 10 years, gradually doubling the insurance amount.
  • And many more!


You are eligible to apply for $10,000 to $750,000 (in multiples of $10,000) of AIIT Group Term Life Insurance for both you and your lawful spouse if:

  • You’re an Appraisal Institute Professional in good standing
  • You and your spouse (if proposed for insurance) are under age 67
  • You and your spouse are able to perform the normal activities* of a person of like age
  • You and your spouse reside in the United States** (except territories), Puerto Rico, or Canada (except Quebec)

*For NC & MD residents: "normal activities" is replaced by the requirement that the health status of any proposed insured person remains as stated in your application.

**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.