What is the coverage period for my benefits?

The coverage period for benefits with New York Life can vary depending on the specific policy or plan in question. Typically, individual life insurance policies provide coverage for either a specified term, often referred to as term life insurance, which usually spans from 10 to 30 years, or they may be permanent policies that last for the lifetime of the insured as long as premiums are paid. In the case of group insurance plans, coverage may continue for as long as the employee remains eligible and employed, but it can also change based on the rules set by the employer. Furthermore, it is important to consider any additional riders or enhancements that might impact the coverage duration. Certain policies may also include features that allow for benefits to continue under specified conditions, such as disability or critical illness coverage. To determine the exact coverage period and any implications concerning your particular benefits, it could be helpful to refer to the policy documents or review the relevant information on the current web page. Understanding the specific terms of the policy will provide clarity about your coverage period and any conditions that may apply.