How the Plan Works

Coverage under the Whole Life Insurance program is completely voluntary and provided by New York Life. You may enroll at any time during the year directly with New York Life by calling 1-631-845-0936 (not online when you make your Zebra benefit plan elections).

You may purchase a permanent Whole Life Insurance policy for you and your eligible family members through the convenience of automatic payroll deductions. The advantages of Whole Life Insurance include:

Feature

Advantages

Liberalized Underwriting

There is no need to have a full medical exam to receive coverage. You will be asked to answer just a few medical questions.

Portability

You own the policy, so it stays with you as long as you continue to pay the premiums (even if you leave the company or retire).

Permanent

In addition to permanent protection, your policy builds guaranteed tax-deferred cash value that you can borrow against to meet various needs, such as your children’s college funding, helping to pay off a mortgage, or to supplement retirement income as your life insurance needs decrease.

Dividends

While this policy is in effect, you are eligible to receive dividends on the policy anniversary, if all premiums due before then have been paid.

Convenience

Premiums are automatically deducted from your paycheck.

Affordability

New York Life offers affordable pricing through competitive group rates.

Flexibility

Optional policy riders can be used to help you customize your policy to fit your unique needs.

Family Friendly

Coverage is also available for your spouse, children and grandchildren.