Life insurance is a safeguard that can help individuals and loved ones in times of financial need.

But cost can be a critical factor when deciding which life insurance option to go with. We want to help you understand how your rate is determined so you can have all the information you need when weighing which coverage option is right for you.


ACS Group Life Insurance premiums are determined based on several factors. Here's a breakdown:

  • Gross Rate: These are established by the insurance company using actuarial tables for mortality rates, various benefits included in the policy, and other math algorithms.
  • Premium Credits: Regularly reviewed by our insurance program's Board of Trustees, premium credits provide a percentage discount, which is paid by a trust fund straight to the insurance carrier.1 There is a 20% premium credit for our life insurance products in 2022.
  • Coverage Amount: The amount of coverage you purchase influences how much you'll pay for premiums. In addition, ACS Group 10- and 20-Year Level Term Life insurance rates decrease at benefit levels of $200,000 or more thanks to our volume discount.
  • Age: The age you turned on your last birthdate is factored in when a new policy is being written. Premiums tend to go up as you get older.
  • Health: Factors like medical history, current prescriptions, pre-existing conditions, and tobacco use all play a role in determining your premium.
  • Categories: There are three general rate tiers a person can be classified under for level term life products: Standard, Select, and Preferred. Smokers are only allowed Standard rates, while Select and Preferred rates are obtainable based on factors like health history, age, and sex.

The last piece of the puzzle is choosing which of our three life insurance options is best for you.
Here is additional information that might help.


Many people will choose a term life policy if they need coverage immediately but at a lower cost. The lower initial rates this policy provides mean you can usually purchase more coverage for your dollar. And due to the policy's annually renewable terms, you can adjust your coverage amount by reapplying each year to keep pace with evolving financial needs.

Wondering about the practical applications of term life insurance? Here are two scenarios for you to consider:

You're a stay-at-home parent.

Though your role doesn't bring in income, it's invaluable nonetheless—managing a household and raising children are big responsibilities. You recognize this fact and apply for a life policy.

From chauffeuring your kids to school and extracurricular activities to keeping the family budget on track, the part you play in the life of your loved ones is critically important. Life insurance can help make sure those household management duties continue uninterrupted if you're no longer around.

You are the primary breadwinner for your family.

People buy life insurance to help ensure their family's needs are met.

If you pass away, life insurance can help cover critical expenses when your loved ones may need it most. This can include things like burial costs, tuition, mortgages, and even daily necessities like clothes and groceries.

Life insurance is one way to make sure your family will have help meeting their needs after you're gone.


A 10-year level term life insurance policy is often recommended to take care of longer-term financial obligations you expect to tackle within the next decade, like paying off a mortgage or seeing your children through college.

By locking in your coverage for 10 years up front, rates will remain level throughout your term—meaning your monthly premium won't go up due to age or health problems.

Wondering about the practical applications of 10-year level term life insurance?
Here are two scenarios for you to consider:

You're planning on buying a home.

Buying a house doesn't come cheap. Most people finance the purchase through a mortgage under the assumption they'll be around to keep paying it off for years to come.

Unfortunately, that assumption isn't always accurate. But even if you're no longer around, 10-year level term life insurance can help your remaining family members continue affording the home they love.

You're young.

If you're young and healthy, you may think life insurance won't be necessary until you're older and have a family.

But if you have siblings or relatives you support, life insurance should still be a consideration. And even if you don't, you may have other debts to pay off like school loans or car payments.

If you're thinking of starting a family over the next decade, even better. The younger you are when you buy your insurance, the lower your rates are likely to be. You can save money in the long run by getting a 10-year policy now instead of waiting until you age into a higher rate bracket.


A 20-year level term life insurance policy is a good choice if you're going to have large financial obligations for many years to come. These obligations could include things like raising children, buying a home, and taking care of elderly loved ones.

By locking in your coverage for twenty years up front, rates will remain level throughout your term—meaning your premium won't go up due to age or health problems.

Wondering about the practical applications of 20-year level term life insurance?
Here are two scenarios for you to consider:

You're a homeowner.

Owning a home is a long-term investment that comes with mortgage payments, upkeep fees, and other costs.

20-year level term life insurance can help make sure your family is able to continue meeting these financial obligations if you're no longer around.

You have elderly loved ones to care for.

Taking care of aging family members can be a real financial burden. Yet you still love them and want to do what you can to help.

A 20-year level term life insurance policy can help ensure your familial elders will continue receiving the healthcare and living assistance they deserve if you're no longer around to provide direct financial support.


Visit our online application portal and select your choice of life insurance when presented with product options.

Choose your
benefit amount.

Finish answering the
questions and submit.

ACS Group Life Insurance is backed by a society you trust and an insurance carrier with over 150 years of experience and rated A++ for financial strength by A.M. Best.2


1Premium credits are not guaranteed and vary from year to year, depending on claims experience.

2New York Life Insurance Company financial strength rating current as of 10/13/21

New York Life Insurance Company is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group policies it underwrites are available in all jurisdictions. Please check the benefit details sections for current availability. New York Life Insurance Company's state of domicile is New York, and NAIC ID# is 66915.

The complete descriptions of the ACS Group Term Life Insurance Plans are contained in the Certificates of Insurance, including features, costs, eligibility, renewability, limitations, and exclusions. Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy GMR-G-29204/FACE, GMR-G-29200/FACE and GMR-G-20205 FACE. Brokered and serviced by Pearl Insurance Group, LLC, Peoria, IL.