Group Term Life

Group Term Life  


Term Life insurance is one of the simplest forms of financial security. If you die, the benefits can help make sure your loved ones will be able to continue to pay current expenses—such as daily living expenses, mortgage and car payments—as well as meet future expenses such as college tuition. Typically, this type of insurance is ideal for single individuals with debt, couples and younger budget-conscious families.

Apply for coverage!


Apply for benefits amounts up to $1,000,000. QuickDecisionSM underwriting is available* on amounts up to $500,000!

*May not be available in all states.

Your Family's Passport to Financial Security

Life insurance can be used to achieve strategic financial goals while you are living. In the event of an unexpected or premature death, the ASME Group Term Life Insurance can help provide the financial security your family needs. This life insurance helps make sure they’ll be able to meet current expenses—such as mortgage and car payments—as well as future expenses such as college tuition.

Valuable Benefits

  • Valuable Coverage Enhancement: The benefit reduction age for the ASME Group Term Life Coverage is now 65. This means the full benefit amount you choose will stay in force until you reach age 65, which helps your coverage keep pace with your family's lifestyle.
  • Up to $1,000,000 of Member and Spouse Coverage (Note: spouse coverage may not exceed 100% of member coverage.)
  • Premiums Can Be Waived If You’re Disabled
  • No Exclusions! After coverage is validly in force for two years, benefits are payable for death from any cause, at any time, anywhere in the world. (Subject to U.S. government regulations on restricted countries.)
  • Portable Coverage This Policy offers portable coverage that can follow you throughout your career. Make all the career changes you want and still be able to maintain this valuable protection.

Living Benefit Option ("Accelerated Death Benefit") Enables you to apply for a portion of your benefits if you qualify as being terminally ill, subject to certain policy restrictions and limitations. These benefits are paid directly to you, and you may spend them any way you wish.

QuickDecisionSM Group Term Life Online Tool

ASME, New York Life Insurance Company and AMBA are pleased to announce QuickDecisionSM—a secure, fast and easy way to apply online for Group Term Life coverage.

With this tool, you can apply* for amounts up to $500,000 in ASME Group Term Life Insurance:


  • No medical exam or lab work typically required—just answer some health questions and other information.
  • Find out as soon as TODAY if you are approved for Term Life Insurance coverage up to $500,000!
  • Everything is handled conveniently and securely online.


Need more? You can still save time and apply online for amounts up to $1,000,000 and we'll follow up quickly about required information.


*IMPORTANT NOTE: If you are not approved for coverage under the QuickDecisionSM tool you can still obtain coverage through the online process, which may require medical exams and other information. QuickDecisionSM is not available to residents of MO, MT, UT and Puerto Rico. These residents can still apply online, and will be contacted for required information.

Underwritten by New York Life Insurance Company, under Group Policy No. G-8700-1, on Policy Form GMR-FACE /G-8700-1.

Insurance Application & Additional Forms

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.


Is your Initial Service Entry Date before 1/1/2018?


Video approved under 5034035 and expires 2/6/2026


Answers about the program, including eligibility, options, customer service and more.

  • How do I apply?

    To apply, download an application by clicking on the Forms tab.
  • Do I have to meet with an insurance agent?

    Issuance of this policy is handled through the mail. You can review the materials in the privacy of your home and purchase your policy directly through the mail without meeting with an agent. You can, of course, talk to a licensed ASME representative if you’d like. Please click the Contacts section for the toll-free number.
  • What if I have second thoughts after I apply?

    When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the policy. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund—no questions asked!
  • How much insurance should I consider?

    Some insurance experts suggest that you purchase life insurance equal to five to nine times your current income. In addition, you should consider how much your dependents will need to maintain their lifestyle.
  • Are there any exclusions?

    Benefits are paid for death from any cause, at anytime, anywhere in the world* except suicide within the first two years of coverage, whether sane or insane -- in which case, the benefits will be reduced to a refund of premiums paid. The validity of any amount of your life insurance which has been in force for two years during an insured’s lifetime will not be contested except for insurance eligibility provisions and non-payment of premium contributions. (There are exclusions for the optional AD&D benefit, as described in the brochure attachment. )

    *Subject to U.S. government regulations on restricted countries
  • When is the coverage effective?

    Insurance will take effect on the date your application is approved by New York Life Insurance Company provided the initial contribution has been paid within 31 days after the date you are billed, satisfactory evidence of insurability has been submitted, and any person to be insured is actively performing the normal activities of a person in good health of like age (NC residents: a person of like age) on the date of approval.

    Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible

  • When does coverage end?

    Insurance for you can remain in force until age 100: (a) premium contributions are not paid when due, (b) ASME membership ends, (c) the group coverage is terminated or modified by the Policyholder or New York Life Insurance Company to end insurance for the group of insureds to which you belong, and (d) you request to terminate insurance. In addition, dependent coverage will terminate when your coverage terminates, or when the eligibility requirements are no longer being met. Upon your death, coverage for your insured dependents may continue as described in the Certificate of Insurance.

    The ASME Insurance Trust incurs costs in connection with this policy. To provide and maintain this valuable membership benefit, it is reimbursed for these costs. ASME also receives a fee for the license of its name and logo for use in connection with this policy.
Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.


Program Administrator

Program Administrator
AMBA Administrators, Inc.
4050 114th Street
Urbandale, Iowa 50322
 M-F 7:30am-6pm CT
[email protected]


Application Mailing Address

Administrator, ASME Insurance Program
Customer Service
PO Box 14533
Des Moines, IA 50306


Payment Mailing Address

Administrator, ASME Insurance Program
PO Box 77115
Minneapolis, MN 55480
AMBA's Role & Compensation