Group Term Life Insurance

Underwritten by New York Life Insurance Company

Coverage Overview

Many financial experts believe that life insurance coverage should be equal to six times your annual income. For those with several children or large financial obligations, chances are your needs will be even greater. The TXCPA sponsors Group Term Life Insurance to help. This coverage allows you to begin your life insurance portfolio, or add to your existing life insurance, at member only rates.


  • Choice of benefits
  • Member-Only exclusively-negotiated rates
  • Accelerated Benefits Provision allows you to request a portion of your benefit if a terminal illness is diagnosed
  • Choice of beneficiary
  • Spouse and children eligible for coverage
  • Review your cost of living regularly to be sure your life insurance is adequate. Group Term Life Insurance can be an effective way to update your coverage.
  • QuickDecisionSM available for members and spouses requesting coverage amounts up to $250,000 (under age 50). Automated underwriting allows for no medical exam (just a few health questions) and a faster decision on your application.

To find out more about the features, costs, eligibility, renewability, limitations and exclusions read the Group Term Life Insurance Brochure.

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Frequently Asked Questions

How do I calculate the rate for TXCPA Group Life Insurance?

Premium contributions for both the member and spouse are based on the member's age and increase as the member grows older.

How long does the application process take? When will my coverage become effective?

For some policies, coverage becomes effective within a few days of receiving your application. For others, the process is longer because of required medical underwriting procedures. The "underwriting process" depends on many factors: the number of persons to be insured, their ages, the amount of coverage for which you apply, your medical history and that of your family members (if requesting dependent coverage), and the type of coverage requested.

Do I have to take a medical exam, blood test, or other health analysis?

Whether or not you must undergo medical testing depends on the coverage you are requesting, your age, the amount of coverage for which you apply, and your individual medical history.

What is QuickDecisionSM?

QuickDecisionSM allows the carrier to make an underwriting decision in real time based on information gathered online, including answers to medical questions, during the application process. Most QuickDecisionSM applications do not need follow-up, but you may need to speak with a representative to verify information or have a medical professional visit you. Coverages for members and their spouses up to $250,000 (under age 50) are eligible for QuickDecisionSM.

Can coverage continue if I am out of the country?

Call the Administrator for more details as coverage varies depending on the policy.

Who is the carrier on this Group Term Life Insurance?

TXCPA Group Term Life Insurance is underwritten by New York Life Insurance Company under policy form GMR-G-14046-1/FACE.

Who Administers the Program?

The TXCPA Group Insurance Program is administered by Pearl Insurance Group, LLC. Pearl Insurance strives to provide TXCPA members with the most relevant, exclusively priced member benefit insurance packages for individuals and their families. Pearl Insurance has been providing associations like the TXCPA with quality group coverage for 65 years.

Insurance Carrier

This policy is underwritten by New York Life Insurance Company, under Group Policy No. G-14046-1, on Policy Form GMR-G-14046-1/FACE.

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 U.S. 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 (Aaa).*

*Source: Third-party rating reports as of 10/15/2020

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