Group Term Life Insurance

You may apply for $20,000 through $1,000,000 of coverage, in multiples of $10,000, if you are an AOA member under age 65 (under age 70 for AD&D Insurance) currently residing in the United States (members residing UT are not eligible).

You may also apply for coverage for your lawful spouse under age 65 (under age 70 for AD&D Insurance), who is also eligible to apply for $20,000 through $1,000,000 of coverage, in multiples of $10,000. A spouse who is also an AOA member is eligible for either member or dependent coverage, but not both. If both the member and spouse are covered as members, neither may insure the other as a spouse.

QuickDecision is a process available on this coverage that allows us to make an underwriting decision in real time based on your answers to health questions in the application along with database information gathered. Since we are often able to receive everything we need through this process, we can deliver your answer sooner. We review your records, including medical information, driving record, and prescriptions, and may be able to let you know our underwriting decision by the end of the application, or if more details are needed.

While the QuickDecision process is only available on amounts up to $1 Million for Term Life Insurance you can apply for more coverage. Higher amounts require additional information to be gathered about you. If we need more information, a representative will call you to schedule a convenient time to answer questions or, if needed, have a medical professional visit you at our expense.

Insurance will take effect on the first of the month on or following the date your application is approved by New York Life Insurance Company, provided the initial contribution is paid within 31 days after you are billed and any person to be insured is performing normal activities of a person in good health of like age (NC Residents: a person of like age) on the day of approval. If any dependent proposed for coverage is not performing his/her normal activities as required, coverage will not take effect until he/she is performing such activities provided such date is within three months after the date insurance would have been effective and the person is still eligible.

Yes! You are under no obligation today.

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 receive a full refund – no questions asked! 

(a) the premiums are not paid when due, (b) the group policy is terminated or modified by the policyholder to end insurance for the group of insureds to which the member belongs, and (c) if the insured requests to terminate insurance. In addition, dependent coverage will terminate when the dependent spouse or child ceases to be an eligible dependent.

You can name any beneficiary you wish for member coverage. You may change this beneficiary at any time, by written request. Your beneficiary is the person(s) last designated by you in writing, and recorded by or on behalf of New York Life Insurance Company. You are the automatic beneficiary for dependent insurance, as described in the Certificate of Insurance. If you wish to name another beneficiary for dependent spouse or child insurance, contact the administrator at 1-866-331-0180 for the applicable form.

There are two important reasons many doctors of optometry add the AOA Opti-Life to their family’s financial safety net. First, even if you already have coverage through work, it may not be enough to meet the full life insurance needs of your family. And secondly, if you decide to change jobs or open your own practice, those benefits through a previous employer will likely end. But this coverage isn’t tied to any job or any company. So you can rest assured your coverage can stay in force. No matter what changes occur in your career, as long as you pay your premiums when due and remain an AOA employee, the policy remains in effect.

Absolutely. In the event of a covered fatal accident, your loved ones will collect the additional Accidental Death Benefit that doubles your life benefit amount. For instance: If you’re insured for $100,000 in life coverage, your family would get $200,000 benefits if you fell victim to a fatal car accident. This accidental death coverage is automatically included in the group term life for you and your spouse at no additional cost.

Due to positive financial experience through the program, AOA members receive a 20% SAVINGS* on this coverage in the form of a premium credit. This 20% savings is applied as a reduction on your statement. 

Because the credit is dependent on actual experience, it cannot be promised or guaranteed.

You can insure all unmarried, dependent children from age 15 days to age 23 (age 25 if a full-time student).

Only after you are approved. You’ll then receive a premium notice along with your Certificate of Insurance.

30-Day Free Look Period

If you change your mind, you can return your Certificate of Insurance within 30 days, without claim, and get a full refund of any premium paid – no questions asked. Your coverage will then be invalidated.

Total Disability means an incapacity from an injury or sickness which completely and continuously prevents an insured member from doing the material and substantial duties of any occupation for which he or she is reasonably qualified by education, training or experience; results in total and permanent loss of sight of both eyes; or results in severance, above the wrist or ankle of both hands, both feet or one hand and one foot.

In the case of death due to suicide (whether sane or insane), an attempt at suicide or intentionally injuring oneself within 12 months of coverage, the benefit will be limited to the return of premiums paid.

The accidental death and dismemberment benefit does not cover loss resulting from: intentionally self-inflicted injury, suicide or attempted suicide, while sane; Occurs during, is due to or related to the insured member or spouse’s duty in the military, naval or air services of any country; participation in or incarceration resulting from any of the following, other than as a victim, commission of a felony, illegal occupation or activity, an insurrection or terrorist activity; injury sustained while riding in or on, fall from or decent from any aircraft while in flight unless the insured is traveling solely as a passenger; sickness or disease or medical or surgical treatment of sickness or disease, except infections which occur as the result of an accidental bodily injury; or accidental ingestion of contaminated material, any medical, dental or surgical treatment unrelated to the accident, engagement in any of the following in a role other than as a victim: war, an act of war, or an armed conflict which involves the armed forces of one or more countries, or voluntary entry into the body of an intoxicant, excitant, hallucinogen or any narcotic or other drug or any gas, poison or poisonous substance.

We will not pay more than the Principal Sum for all losses due to the same accident, but will pay the maximum benefit amount available as a result of any one accident. The Accidental Death and Dismemberment Benefit Principal Sum will reduce in accordance with the Reduction in Amount of Life Insurance provision. Injury means bodily injury resulting directly and independently of all other causes from an accident which occurs while you are covered under the policy.

This website contains only a general description of the principal provisions, definitions and limitations of the insurance. The complete terms and conditions are set forth in the Group Policy issued by New York Life Insurance Company for the members of the AOA under Group Policy 31050-0 on Policy Form GMR-FACE/G-31050 (Term Life). Please refer to the Certificate of Insurance.

Important Information from New York Life Insurance Company

New York Life Insurance Company reserves the right to request medical information to determine applicant’s medical eligibility for coverage. Based on the age of the person proposed for insurance and the amount of coverage requested, a physical examination, EKG, blood test or other information may be required. Not all applicants will have to supply additional information. However, if it is required, New York Life will arrange for an independent professional paramedic to contact you to perform these simple tests at your convenience. The exam and blood test are free-of-charge.

If we can provide the coverage you requested, we will inform you as to when such coverage will be effective. Under no circumstances will coverage be effective prior to this date. Payment of a premium contribution with your application does not mean that there is any insurance in force before the effective date as determined by New York Life.

If we can provide the coverage you requested, we will inform you as to when such coverage will be effective. Under no circumstances will coverage be effective prior to this date. Payment of a premium contribution with your application does not mean that there is any insurance in force before the effective date as determined by New York Life Insurance Company.

When program experience has been good New York Life Insurance Company will periodically return excess premiums in the form of dividends to the AOA as the policyholder. The AOA will retain these dividends in a Dividend on Deposit Account with New York Life. The AOA will in turn periodically make these dividends available through premium credits to existing insureds in the programs which generated the dividends. Sufficient reserves will be retained by the AOA in the Dividend on Deposit Account to cover administrative and marketing costs generated by the New York Life Insurance Programs sponsored by the AOA. Dividends are not guaranteed. These programs are administered together to take advantage of the savings resulting from this integrated approach.

Administrative expenses incurred by the AOA to provide the valuable membership benefits resulting from these sponsored insurance programs are reimbursed from available program dividends. New York Life may also, out of premium, pay a reasonable fee to the AOA for making the AOA assets available to it to promote these programs to the membership. These assets include the AOA Intellectual Property Rights and mailing lists of eligible members.

Yes, Group Term Life is endorsed by AOAExcel.

AGIA Insurance Services, Inc.
P.O. Box 26860
Phoenix, AZ 85068

A.G.I.A., Inc., is licensed/authorized to transact business in all 50 United States, and the District of Columbia. Their state of domicile is California. Joseph Guerrero California Agent Insurance license number is 0B54298. Joseph Guerrero Arkansas Agent Insurance license number is 766720.