Underwritten by New York Life Insurance Company

Your Family's Passport to Financial Security

Life insurance can be one of the cornerstones of financial planning. In the event of an unexpected or premature death, the ASME Group Term Life Insurance Plan 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 Plan Enhancement: The benefit reduction age for the ASME Group Term Life Plan 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.)
Premium Discounts–25% Premium Discount through April 30, 2021 Now through April 30, 2021, a 25% premium discount will apply to all premium contributions due.
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 The Plan 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.

NEW! QuickDecision^SM Group Term Life Online Tool

ASME, New York Life Insurance Company and Mercer Consumer are pleased to announce QuickDecision^SM—a secure, fast and easy way to apply online for Group Term Life coverage.

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

No medical exam or lab work 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 QuickDecision^SM tool you can still obtain coverage through the online process, which may require medical exams and other information. QuickDecision^SM is not available to residents of MO, MT, VA, 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.

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Apply for coverage!

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

*May not be available in all states.

Apply Now

Insurance Application & Additional Forms

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

Download Now

FAQs

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

Contact Us

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

Program Administrator

Address Program Administrator Mercer Consumer 12421 Meredith Drive Urbandale , IA 50398
Phone 1-800-289-2763
Hours M-F 7:30am-6pm, Sat. 8am-1pm CT
Email asme.service@mercer.com

Application Mailing Address

Address Administrator, ASME Insurance Program P.O. Box 10374 Des Moines , IA 50306-8812

Payment Mailing Address

Address Administrator, ASME Insurance Program P.O. Box 10425 Des Moines , IA 50306-0425

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How do the rates work on the insurance plans?

Premium contributions for both the member and spouse are based on the member's age and increase as the member grows older. Premiums may be periodically increased on plans to reflect plan utilization and help ensure their financial stability.
Can my spouse obtain separate coverage?

No, not under normal circumstances. A surviving spouse can, however, maintain coverage under most of the plans.
How long does the application process take? When will my coverage become effective?

For some plans, 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, etc.?

Again, this depends on the plan you are requesting, your age, the amount of coverage for which you apply, and your individual medical history.
Can coverage continue if I am out of the country?

Call the administrator for more details as coverage varies depending on the plan.
Who recommends/approves benefit changes or premium changes?

The insurance companies reserve the right to change rates. They report "plan experience" (or the number and size of claims made) twice a year and, if applicable, rate action recommendations. Using this information, the Program administrator works with ASME to evaluate the recommendations and negotiate what, if any, rate action is appropriate to maintain each plan’s financial stability. ASME ultimately approves any rate action, or change in benefits.
Who is Mercer Consumer, the Administrator of the Program?

Mercer Consumer is the company contracted to manage the Insurance Program. Mercer Consumer is not affiliated with the insurance companies that underwrite each plan.
Who is this plan underwritten by?

This plan is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy No. G-8700-1, on Policy Form GMR-FACE/G-8700-1.

About New York Life Insurance Company

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Group Term Life Plan