5 Times to Consider Life Insurance with AIChE
You’re a busy chemical engineer. As your life changes, so do your life insurance needs. To help protect yourself and your family, you need to consider your coverage.
A life event refers to a significant occurrence in your life that can impact your financial situation and insurance needs. These events may lead to a reevaluation of your life insurance to ensure it continues to meet your changing needs.
- Getting married
Married couples without children often skip life insurance, but it can be a costly mistake. Budgets for just-starting-out families often include a lot of debt: student loans, car loans, credit card debt, mortgage, and more. Add regular household expenses, like food and utilities, and you can see how important income is.
Losing your chemical engineering income in the event of an untimely death could leave your spouse struggling to make ends meet. Life insurance can provide a safety net to help cover debts and monthly expenses when one spouse suddenly must cover them alone.
- Buying a home
Buying a home generally means taking out a mortgage. Any co-owner or co-signer would be responsible for 100% of the debt and payments in the event of your death. That unexpected expense could leave them in dire financial straits. In the worst cases, the people you care most about could even lose their home.
Life insurance provides a straightforward solution to this potential disaster. To help keep the people you love in the home they love, you can purchase enough life insurance to completely cover that debt.
- Having children
Having a child is typically a joyous life event, yet current and future expenses may skyrocket. And if your spouse were to lose you, they could be hard-pressed to meet all the monthly household expenses and pay for additional child care.
Whether your family has two incomes or one, your family should have a sufficient financial safety net to protect them in case of a premature death.
- Sending kids to college
College costs have ballooned, and they’re still getting higher. Many families and students rely on significant student loans to cover the difference. To avoid that burden, some families draw from their savings, which can trigger taxes and penalties on top of the lost growth potential for the nest egg.
If you have a life insurance policy, your loved ones will be better protected from these potential financial hardships in the event you die unexpectedly.
- Retirement
Stress-free retirement is the ideal goal, but many Americans worry about whether their retirement savings will last, especially during turbulent times. The potential for difficult financial situations only increases as we age.
If you pass away before your spouse, it’s a good idea to have life insurance in place to provide much-needed financial resources after you’re gone.
As life unfolds for AIChE members, the need for robust life insurance is clear. Each major life event brings financial implications that could impact you and your loved ones. The right life insurance policy is a valuable part of a comprehensive financial strategy, helping ensure you and your family are protected.
Easily apply for life insurance online, typically with no medical exam
To save you time and avoid inconvenience in helping safeguard what matters most, AIChE members can now easily apply for up to $750,000 ($500,000 for ages 50-64)1 of Group Term Life Insurance from New York Life Insurance Company.
- An online calculator lets you choose a monthly cost you’re comfortable with and instantly see how much coverage it can buy. The rates used to calculate your cost include 30% savings in the form of a premium credit available to you as an AIChE member.2
- The application for coverage is also available online, with no medical exam required in most cases, and a decision usually within minutes.
(No need to provide an email address or phone number to see your cost.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Group Policy Form GMR.
1 No medical exam (just answer a few health questions) typically required with QuickDecisionSM which is an online process that allows New York Life to make an underwriting decision on coverage amounts up to $750,000 more quickly. QuickDecision is available to individuals age 49 and under on coverage up to $750,000 and to individuals age 50-64 on coverage up to $500,000. It is not offered in MT and VA. QuickDecision uses data sources to verify your health history, so there are no medical visits or lab tests needed to get your real-time decision. In some cases, we may need to contact you to ask additional questions, and in rare cases request a medical visit. If that happens, all visits are scheduled at your convenience and our expense. If you already have life insurance through the AIChE Member Insurance program, you can apply for up to $750,000 today, provided this amount, when combined with the inforce coverage, does not exceed the $1,000,000 group term life policy maximum or the $2,000,000 all-policy maximum.
2 AIChE Term Life Insurance currently includes a 30% premium credit. Although future credits are dependent upon actual claims experience and cannot be promised or guaranteed, the Program has been granting premium credits for years.
3 Including information on features, costs, eligibility, renewability, limitations and exclusions.
8037190.1
Additional Articles Below
5 Times to Consider Life Insurance with AIChE
You’re a busy chemical engineer. As your life changes, so do your life insurance needs. To help protect yourself and your family, you need to consider your coverage.
A life event refers to a significant occurrence in your life that can impact your financial situation and insurance needs. These events may lead to a reevaluation of your life insurance to ensure it continues to meet your changing needs.
- Getting married
Married couples without children often skip life insurance, but it can be a costly mistake. Budgets for just-starting-out families often include a lot of debt: student loans, car loans, credit card debt, mortgage, and more. Add regular household expenses, like food and utilities, and you can see how important income is.
Losing your chemical engineering income in the event of an untimely death could leave your spouse struggling to make ends meet. Life insurance can provide a safety net to help cover debts and monthly expenses when one spouse suddenly must cover them alone.
- Buying a home
Buying a home generally means taking out a mortgage. Any co-owner or co-signer would be responsible for 100% of the debt and payments in the event of your death. That unexpected expense could leave them in dire financial straits. In the worst cases, the people you care most about could even lose their home.
Life insurance provides a straightforward solution to this potential disaster. To help keep the people you love in the home they love, you can purchase enough life insurance to completely cover that debt.
- Having children
Having a child is typically a joyous life event, yet current and future expenses may skyrocket. And if your spouse were to lose you, they could be hard-pressed to meet all the monthly household expenses and pay for additional child care.
Whether your family has two incomes or one, your family should have a sufficient financial safety net to protect them in case of a premature death.
- Sending kids to college
College costs have ballooned, and they’re still getting higher. Many families and students rely on significant student loans to cover the difference. To avoid that burden, some families draw from their savings, which can trigger taxes and penalties on top of the lost growth potential for the nest egg.
If you have a life insurance policy, your loved ones will be better protected from these potential financial hardships in the event you die unexpectedly.
- Retirement
Stress-free retirement is the ideal goal, but many Americans worry about whether their retirement savings will last, especially during turbulent times. The potential for difficult financial situations only increases as we age.
If you pass away before your spouse, it’s a good idea to have life insurance in place to provide much-needed financial resources after you’re gone.
As life unfolds for AIChE members, the need for robust life insurance is clear. Each major life event brings financial implications that could impact you and your loved ones. The right life insurance policy is a valuable part of a comprehensive financial strategy, helping ensure you and your family are protected.
Easily apply for life insurance online, typically with no medical exam
To save you time and avoid inconvenience in helping safeguard what matters most, AIChE members can now easily apply for up to $750,000 ($500,000 for ages 50-64)1 of Group Term Life Insurance from New York Life Insurance Company.
- An online calculator lets you choose a monthly cost you’re comfortable with and instantly see how much coverage it can buy. The rates used to calculate your cost include 30% savings in the form of a premium credit available to you as an AIChE member.2
- The application for coverage is also available online, with no medical exam required in most cases, and a decision usually within minutes.
(No need to provide an email address or phone number to see your cost.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Group Policy Form GMR.
1 No medical exam (just answer a few health questions) typically required with QuickDecisionSM which is an online process that allows New York Life to make an underwriting decision on coverage amounts up to $750,000 more quickly. QuickDecision is available to individuals age 49 and under on coverage up to $750,000 and to individuals age 50-64 on coverage up to $500,000. It is not offered in MT and VA. QuickDecision uses data sources to verify your health history, so there are no medical visits or lab tests needed to get your real-time decision. In some cases, we may need to contact you to ask additional questions, and in rare cases request a medical visit. If that happens, all visits are scheduled at your convenience and our expense. If you already have life insurance through the AIChE Member Insurance program, you can apply for up to $750,000 today, provided this amount, when combined with the inforce coverage, does not exceed the $1,000,000 group term life policy maximum or the $2,000,000 all-policy maximum.
2 AIChE Term Life Insurance currently includes a 30% premium credit. Although future credits are dependent upon actual claims experience and cannot be promised or guaranteed, the Program has been granting premium credits for years.
3 Including information on features, costs, eligibility, renewability, limitations and exclusions.
8037190.1
Additional Articles Below
5 Times to Consider Life Insurance with AIChE
You’re a busy chemical engineer. As your life changes, so do your life insurance needs. To help protect yourself and your family, you need to consider your coverage.
A life event refers to a significant occurrence in your life that can impact your financial situation and insurance needs. These events may lead to a reevaluation of your life insurance to ensure it continues to meet your changing needs.
- Getting married
Married couples without children often skip life insurance, but it can be a costly mistake. Budgets for just-starting-out families often include a lot of debt: student loans, car loans, credit card debt, mortgage, and more. Add regular household expenses, like food and utilities, and you can see how important income is.
Losing your chemical engineering income in the event of an untimely death could leave your spouse struggling to make ends meet. Life insurance can provide a safety net to help cover debts and monthly expenses when one spouse suddenly must cover them alone.
- Buying a home
Buying a home generally means taking out a mortgage. Any co-owner or co-signer would be responsible for 100% of the debt and payments in the event of your death. That unexpected expense could leave them in dire financial straits. In the worst cases, the people you care most about could even lose their home.
Life insurance provides a straightforward solution to this potential disaster. To help keep the people you love in the home they love, you can purchase enough life insurance to completely cover that debt.
- Having children
Having a child is typically a joyous life event, yet current and future expenses may skyrocket. And if your spouse were to lose you, they could be hard-pressed to meet all the monthly household expenses and pay for additional child care.
Whether your family has two incomes or one, your family should have a sufficient financial safety net to protect them in case of a premature death.
- Sending kids to college
College costs have ballooned, and they’re still getting higher. Many families and students rely on significant student loans to cover the difference. To avoid that burden, some families draw from their savings, which can trigger taxes and penalties on top of the lost growth potential for the nest egg.
If you have a life insurance policy, your loved ones will be better protected from these potential financial hardships in the event you die unexpectedly.
- Retirement
Stress-free retirement is the ideal goal, but many Americans worry about whether their retirement savings will last, especially during turbulent times. The potential for difficult financial situations only increases as we age.
If you pass away before your spouse, it’s a good idea to have life insurance in place to provide much-needed financial resources after you’re gone.
As life unfolds for AIChE members, the need for robust life insurance is clear. Each major life event brings financial implications that could impact you and your loved ones. The right life insurance policy is a valuable part of a comprehensive financial strategy, helping ensure you and your family are protected.
Easily apply for life insurance online, typically with no medical exam
To save you time and avoid inconvenience in helping safeguard what matters most, AIChE members can now easily apply for up to $750,000 ($500,000 for ages 50-64)1 of Group Term Life Insurance from New York Life Insurance Company.
- An online calculator lets you choose a monthly cost you’re comfortable with and instantly see how much coverage it can buy. The rates used to calculate your cost include 30% savings in the form of a premium credit available to you as an AIChE member.2
- The application for coverage is also available online, with no medical exam required in most cases, and a decision usually within minutes.
(No need to provide an email address or phone number to see your cost.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Group Policy Form GMR.
1 No medical exam (just answer a few health questions) typically required with QuickDecisionSM which is an online process that allows New York Life to make an underwriting decision on coverage amounts up to $750,000 more quickly. QuickDecision is available to individuals age 49 and under on coverage up to $750,000 and to individuals age 50-64 on coverage up to $500,000. It is not offered in MT and VA. QuickDecision uses data sources to verify your health history, so there are no medical visits or lab tests needed to get your real-time decision. In some cases, we may need to contact you to ask additional questions, and in rare cases request a medical visit. If that happens, all visits are scheduled at your convenience and our expense. If you already have life insurance through the AIChE Member Insurance program, you can apply for up to $750,000 today, provided this amount, when combined with the inforce coverage, does not exceed the $1,000,000 group term life policy maximum or the $2,000,000 all-policy maximum.
2 AIChE Term Life Insurance currently includes a 30% premium credit. Although future credits are dependent upon actual claims experience and cannot be promised or guaranteed, the Program has been granting premium credits for years.
3 Including information on features, costs, eligibility, renewability, limitations and exclusions.
8037190.1
