NYL GBS Term Life
Life insurance that goes beyond the claim
Our life insurance options not only provide valuable financial protection but are driven by compassion.
Experience the benefits
You can depend on us to create a benefits experience that works best for you. One that is:
Tailored Flexible solutions that solve your diverse and evolving needs.
Supportive Focused on ease, simplicity, and enabling success.
Connected Streamlined administration for optimal outcomes.
New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY. Policy forms: Term Life-TL-004700 et.al.
Putting Benefits To Work For People SM
Accessibility Statement
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Tailored offering
Care & support
Connected experience
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Protecting your people and your goals
We tailor life insurance plans to meet the unique needs of your organization and its employees. Working together to understand your organization’s objectives, we can recommend the most appropriate mix of coverage and protection.
Seamless transition with takeover coverage.
Immediate protection ensures uninterrupted coverage for you and your employees. Provides up to 12 months of transitional coverage during an insurance carrier change, starting from the effective date of your NYL GBS policy.
Download Takeover PDF
Implementation made easy
Provide assessment of your current plan and create a timeline with implementation milestones.
1 See policy for details. New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY. Policy forms: Term Life - TL-004700 et. al., Accident-GA-00-1000.00 et. al.
Choice of flat benefits and salary-based plans to help attract and retain talent.
Guaranteed issue life insurance may be available with no need for proof for good health.¹
Variety of policy administration solutions ranging from full-service support to plug-and-play capabilities.
Accidental Death & Dismemberment (AD&D) available as a rider or standalone offering.
Your enrollment partners
Provide policies, agreements and train you on claim processes and benefits portal.
Deliver an enrollment strategy and develop employee communications.
Confirm data connectivity approach and file feed requirements to prepare for system setup.
With end-to-end support, we will:
Build a custom enrollment strategy that complements your company and culture. Deliver benefit communications to empower employee education. Measure results and make recommendations for ongoing success.
We help drive participation and enrollment Our benefits can be easily configured on any enrollment or administrative platform. And our team of experts supports you every step of the way. Your dedicated enrollment consultant works with you to:
Employee benefits only deliver the outcomes you need if your employees enroll in them.
An end-to-end enrollment approach that optimizes participation
Our benefits can be easily configured on any enrollment or administrative platform. Your dedicated enrollment consultant works with you to:
We help drive participation and enrollment.
Download Term Life Brochure
1 Empathy is not affiliated with New York Life Insurance Company or any subsidiaries and provides this service at no cost to you. The use of this service is optional. This program is not available under policies issued by New York Life Group Insurance Company of NY. 2 These programs are NOT insurance and do not provide reimbursement for financial losses. Some restrictions may apply. Customers are required to pay the entire discounted charge for any discounted products or services available through these programs. Some services are available at the option of the employer for an additional cost. Programs are provided through third party vendors who are solely responsible for their products and services. Full terms, conditions and exclusions are contained in the applicable client program description and are subject to change. Program availability may vary by plan type and location and are not available where prohibited by law. These programs are not available under policies issued by New York Life Group Insurance Company of NY. Services are provided exclusively by ComPsych®. ComPsych is solely responsible for its services and is not affiliated with New York Life Insurance Company or any of its affiliates. 3 The Survivor Assurance Program for beneficiaries is available to beneficiaries receiving coverage checks over $5,000 from New York Life Group Benefit Solutions Life and Accidental Death and Dismemberment programs. Survivor Assurance accounts are not deposit account programs and are not insured by the Federal Deposit Insurance Corporation or any other federal agency. Account balances are the liability of the insurance company and the insurance company reserves the right to reduce account balances for any payment made in error.Counseling, legal or financial assistance and discount programs are not available for policies issued by New York Life Group Insurance Company of NY. New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY.
Here are a few ways we help beneficiaries
Our leading beneficiary services and specialized resources help your employee's loved ones through the grief process.
Support driven by care and compassion
Empathy: Personalized Grief Support1 Offers time-saving tools to assist with administrative tasks, personalized care and other resources for handling the challenges that follow the loss of a loved one.
Survivor support specialists Our team of licensed clinicians are certified in Mental Health First Aid (c) and grief support. They are available for one-on-one guidance, from guiding through the claims process and locating important documents to identifying grief programs and local community support.
Resources from The New York Life Foundation The New York Life Foundation invests in programs that benefit young people, particularly in educational enhancement and childhood bereavement support.
Visit our new beneficiary resources page
Offered through the New York Life Foundation, is a free book series that helps children learn to understand, process, and cope with their grief.
Kai’s Journey
Even greater support for eligible employees and families with our work life services
Employee assistance and wellness support2 Available to employee and families at no additional cost. Work life services include resiliency coaching, crisis support, and face-to-face counseling visits.
Financial, legal and estate support2 Our professional support includes unlimited law consultations, tax consultations, credit and tax questions and much more.
Survivor Assurance3 Losing a loved one is difficult, managing their insurance benefits shouldn’t have to be. We offer free, interest-bearing account for claim payments of $5,000 or more.
1 Based on New York Life Group Benefit Solutions 2023 book of business and is subject to change. 2 Based on 2023 NYL GBS Medical Underwriting Performance Report. 3 Based on NYL GBS 2023 internal claims data. New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY. Policy forms: Term Life - TL-004700 et. al, Accident - GA-00-1000.00 et. al.
It starts with smart connectivity
Ensuring easy integration into your HR technology platform, our team works with all the major HR platform providers and has established data connections with over 100 platforms and 24 key vendors, including Workday, ADP, and Alight Solutions.1
It opens the door to easier administration, simplified benefits access, and reduced costs. Ultimately, it helps deliver the outcomes you and your employees need.
A connected benefits experience drives a successful benefits experience
Smart Connectivity PDF
Designed to deliver the outcomes you and your employees need
Easier benefits administration
Delivery of claim status via API or file feed for claim filing.
Reduced manual tracking of evidence of insurability (EOI) requests, eligibility verification, and payroll reconciliation.
80% EOI approval rate with SSO connection.2
20+ single sign-on vendor connections for simplified access to EOI and streamlined enrollment.1
Single sign-on (SSO) & prepopulated with employee data.
A better employee experience
Faster implementation using established file feed templates.
Online claims portal allowing either employers or beneficiaries to submit claims.
As part of our focus on making benefits easier, our life claim intake system enables a streamlined benefits experience for beneficiaries and employers.
A simple and connected claims process
Provides beneficiary direct access to support via Empathy.
Express pay for claims up to $100K (restrictions apply).
Reduces time from submission to payout by nearly 40%.3
20+
80%
Reduces time from submission to payout by nearly 40%.³
Ensuring easy integration into your HR technology platform, our team works with all the major HR platform providers and has established data connections with over 100 platforms and 24 key vendors, including Workday, ADP, and Alight Solutions.¹
Rehabilitation Support Employees participating in a rehabilitation program receive an additional 18 months of premium-waived coverage.
Continued Coverage Even if we aren’t the disability carrier, NYL GBS Term Life coverage will continue, regardless of whether employees are unable to fully return to work.
Information collected from disability claims, trigger an automatic waiver of premium review (no separate claim required). Premiums are waived for 12 months, beginning on the first day of disability.
Life + disability plans that work together
Life & AD&D claim reporting through myNYLGBS, which features custom claim status updates for employers.
1 The highest ratings currently awarded to any U.S. life insurer, specifically: AM Best A++, Fitch Ratings AAA, Moody’s Aaa, and Standard & Poor’s AA+. Source: third-party reports as of 11/7/2023 2 Stated figures are as of February 2023. New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY. New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 © 2024, New York Life Insurance Company. All rights reserved. NEW YORK LIFE, and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company. SMRU 6612661.1 | Expiration: 05.13.2026
Our parent company, New York Life, has been helping people build better futures for themselves and those they love for over 175 years. New York Life Group Benefit Solutions is proud to support that mission and offer you the strength of our leadership in group insurance.
New York Life and its subsidiaries earn the highest financial strength ratings1 currently awarded to any life insurer by the major ratings agencies.
Strong financial backing2
Committed to giving back1
$3.2M
$32M
125K+
in social justice grants
total philanthropic giving
employee volunteer hours
View Corporate Responsibility Report
A.M. Best
Fitch Ratings
Moody’s Investors Service
Standard & Poor’s
A++
AAA
Aaa
AA+
Proud to be part of New York Life
1 The highest ratings currently awarded to any U.S. life insurer, specifically: AM Best A++, Fitch Ratings AAA, Moody’s Aaa, and Standard & Poor’s AA+. Source: third-party reports as of 11/7/2023 2 Stated figures are as of February 2023. New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY. Policy forms: Term Life - TL-004700 et. al. New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY. New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 © 2024, New York Life Insurance Company. All rights reserved. NEW YORK LIFE, and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company. SMRU 6612661.1 | Expiration: 05.13.2026
