Whole Life (LP95)¹

Whole Life for Family—For Employee and Spouse, 18 up to including age 75
For Child/Grandchild, 14 days up to and including age 26
Permanent, individually-owned whole life insurance
Guaranteed issue available for employees/members⁽²⁾—There is no participation requirement for guaranteed issue, however, case size requirements apply
Optional Riders^†
- Chronic Illness Accelerated Death Benefit Rider⁽³⁾
- 20-Year Level Term Insurance Rider
- Terminal Illness Options Accelerated Benefit Rider
- Dependent Children’s Insurance Benefit Rider
- Accidental Death Benefit Rider
- Waiver of Premium Benefit in Event of Total Disability Rider
Guaranteed Death Benefit and Cash Values⁽⁴⁾
Provides an income tax free benefit upon death on the insured person⁽⁵⁾
- Level Premium—level face amount and premium
- Portability—no change in cost or coverage
- Paid-Up Coverage—elect paid-up coverage in a reduced amount to cease ongoing premium payments

Case Size: Number of Eligible Employees/ Members	Employee/ Member Maximum GI Money Purchase	Spouse Maximum CI Money Purchase with NO Employee/ Member Coverage	Spouse Maximum CI Money Purchase WITH Employee Coverage*	Child/ Grandchild Maximum CI Money Purchase**
25-500	$13 per week	$3 per week	$3/$5 per week	$3 per week
501-1,000	$16 per week	$3 per week	$3/$5 per week	$3 per week
1,001-2,500	$20 per week	$3 per week	$3/$5 per week	$3 per week
2,501+	$23 per week	$3 per week	$3/$5 per week	$3 per week

*If employee/member is $5/week or more, then the spouse maximum is $5/week. If employee/member coverage is $4/week then the spouse maximum is $4/week. If employee/member coverage is $3/week then the spouse maximum is $3/week.
**Maximum child face amount cannot exceed $50,000. Spouse and child participation is not dependent on employee/member coverage.

(1) Issued and underwritten by Security Mutual Life Insurance Company of New York, Binghamton, NY. Policy Form 2113

Security Mutual is rated “A-” (Excellent) by A.M. Best Company. This rating is the fourth highest on a 16-step rating scale. The A.M. Best rating is current as of the date of publication. Ratings reflect a rating agency’s opinion of a company’s financial strength and ability to meet its obligations to its policyholders. A rating is not a recommendation of a company or any specific policy form. Ratings are subject to change. For further information about Security Mutual’s ratings, please visit www.smlny.com.

Amalgamated Life Insurance Company and Security Mutual Life Insurance Company of New York are not related entities. They are not responsibile for each other’s contractual obligations.

(2) Provided eligibility requirements are met.

(3) Chronic Illness Accelerated Death Benefit Rider. If the insured has a chronic illness, a Chronic Illness Benefit becomes available under the terms of the rider. The Chronic Illness Accelerated Death Benefit Rider is not long-term care insurance or disability insurance. Subject to the maximum benefit limit set by Internal Revenue Code for each calendar year. Payment under the Chronic Illness Benefit Rider is intended to qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code. However, payment made under this rider may be taxable depending upon specific facts and circumstances. Accordingly, the policyowner should consult with his or her tax advisor to determine the tax consequences before requesting the payment of an accelerated benefit under this rider. Receipt of accelerated death benefits may be taxable and may affect eligibility for public assistance programs.

(4) Death Benefit and Cash Value guarantees are subject to the timely payment of the required premiums. Policy loans reduce the death benefit and cash value and may cause the policy to lapse. The lapse of a policy with an outstanding loan may have tax consequences.

(5) Generally, life insurance proceeds received by the beneficiary due to the death of the insured are not included in gross income. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice.

†Riders may be added only at the time of application, not after issue, with the exception of the Terminal Illness Rider.

This product description is not complete; exclusions and/or limitations apply. Product availability and features may vary by jurisdiction. Consult your life insurance agent for availability.

This product is a life insurance policy and rider that accelerates the death benefit on account of chronic illness. It is not a health insurance policy or rider providing long-term care insurance subject to the minimum requirements of applicable law. It does not qualify for the New York State Long-Term Care Partnership program or similar programs in other jurisdictions and is not a Medicare supplement policy or rider.

The Chronic Illness Benefit Rider may not cover all of the costs associated with the chronic illness of the insured. There is no separate premium charge to add this rider. Eligibility requirements apply. A benefit payment results in reduced death benefits and cash values.

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Whole Life (LP95)1

Whole Life (LP95)¹