{"id":4498,"date":"2025-05-06T16:19:25","date_gmt":"2025-05-06T20:19:25","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?page_id=4498"},"modified":"2025-05-06T16:20:23","modified_gmt":"2025-05-06T20:20:23","slug":"worksite-whole-life","status":"publish","type":"page","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/worksite-whole-life\/","title":{"rendered":"Worksite Whole Life"},"content":{"rendered":"<ul class=\"wp-block-list\">\n<li><strong>Whole Life for Family<\/strong>\u2014For Employee and Spouse, 18 up to including age 80. For Child\/Grandchild, 14 days up to and including age 23.<br \/>Parents ages up to including age 80.<\/li>\n<li>Permanent, individually-owned whole life insurance<\/li>\n<li><strong>Guaranteed issue available for employees\/members<\/strong><sup>(2)<\/sup>\u2014According to case specific limits if eligibility and case size requirements apply.<\/li>\n<li><strong>Optional Riders<\/strong><sup>\u2020<\/sup>\n<ul class=\"wp-block-list\">\n<li>Chronic Illness Accelerated Death Benefit Rider<sup>(3)<\/sup><\/li>\n<li>Terminal Illness Options Accelerated Benefit Rider<\/li>\n<li>Dependent Children\u2019s Insurance Benefit Rider<\/li>\n<li>Accidental Death Benefit Rider<\/li>\n<li>Waiver of Premium Benefit in Event of Total Disability Rider<\/li>\n<li>Conditional Insurance Rider<\/li>\n<\/ul>\n<\/li>\n<li><strong>Guaranteed Death Benefit and Cash Values<\/strong><sup>(4)<\/sup><\/li>\n<li><strong>Provides an income tax free benefit upon death on the insured person<\/strong><sup>(5)<\/sup>\n<ul class=\"wp-block-list\">\n<li><strong>Level Premium<\/strong>\u2014level face amount and premium<\/li>\n<li><strong>Portability<\/strong>\u2014no change in cost or coverage<\/li>\n<li><strong>Paid-Up Coverage<\/strong>\u2014elect paid-up coverage in a reduced amount to cease ongoing premium payments<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"table-responsive\">\n<table class=\"table\">\n<thead>\n<tr>\n<th>Case Size: <\/th>\n<th>EE\/Member <br \/>Max GI*<\/th>\n<th>Spouse Max <br \/>CGI, No EE\/<br \/>Member <br \/>Coverage*,**<\/th>\n<th>Spouse Max <br \/>CGI WITH EE <br \/>Coverage<\/th>\n<th>Child\/Grandchild <br \/>Maximum <br \/>CGI Money <br \/>Purchase**<\/th>\n<th>Parents Max <br \/>CGI<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>25-49<\/strong><\/td>\n<td>$50,000 <\/p>\n<p>Age 76-80 <br \/>$25,000 <br \/>max<\/td>\n<td>$3 per week <\/td>\n<td>Greater of $7 <br \/>per week or <br \/>$35,000 <\/p>\n<p>Age 76-80 <br \/>$25,000 max<\/td>\n<td>Age 0-8 up to <br \/>$4 per week <\/p>\n<p>Age 9-17 up to <br \/>$5 per week <\/p>\n<p>Age 18-23 up <br \/>to $4 per week<\/td>\n<td>Age up 75 <br \/>$50,000 <\/p>\n<p>76-80 $25,000<\/td>\n<\/tr>\n<tr>\n<td><strong>50-499<\/strong><\/td>\n<td>$100,000 <\/p>\n<p>Age 76-80 <br \/>$25,000 <br \/>max<\/td>\n<td>$3 per week <\/td>\n<td>Greater of $7 <br \/>per week or <br \/>$35,000 <\/p>\n<p>Age 76-80 <br \/>$25,000 max <\/td>\n<td>Age 0-8 up to <br \/>$4 per week <\/p>\n<p>Age 9-17 up to <br \/>$5 per week <\/p>\n<p>Age 18-23 up <br \/>to $4 per week<\/td>\n<td>Age up 75 <br \/>$50,000 <\/p>\n<p>76-80 $25,000<\/td>\n<\/tr>\n<tr>\n<td><strong>500+<\/strong><\/td>\n<td>$150,000 <\/p>\n<p>Age 76-80 <br \/>$25,000 <br \/>max<\/td>\n<td>$3 per week<\/td>\n<td>Greater of $7 <br \/>per week or <br \/>$35,000 <\/p>\n<p>Age 76-80 <br \/>$25,000 max<\/td>\n<td>Age 0-8 up to <br \/>$4 per week <\/p>\n<p>Age 9-17 up to <br \/>$5 per week <\/p>\n<p>Age 18-23 up to <br \/>$4 per week<\/td>\n<td>Age up 75 <br \/>$50,000 <\/p>\n<p>76-80 $25,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<style>\n    .table > tbody > tr > td, .table > tbody > tr > th, .table > thead > tr > td, .table > thead > tr > th { font-size: 12px; line-height: 1.2;}\n    .table th { color: #0b8a71; background: #f4f8f9; }\n    .table > thead > tr > th { vertical-align: top; }\n    .table td { padding: 5 10px; }\n    .table th:not(:last-child), .table td:not(:last-child) { border-right: 1px solid #ccc; }\n    .table td br + br { line-height: 0.2; }\n<\/style>\n<p class=\"footnotes\">*Simplified Issue (SI) coverage may be available up to $300,000 maximum.<br \/>**Spouse and child participation is not dependent on employee\/member coverage.<\/p>\n<ol class=\"footnotes olfootnote\">\n<li>\n<p>Issued and underwritten by Security Mutual Life Insurance Company of New York, Binghamton, NY. Policy Form 2093 Security Mutual is rated \u201cA-\u201d (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&#8217;s opinion of a company&#8217;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&#8217;s ratings, please visit www.smlny.com.<\/p>\n<p>Amalgamated Life Insurance Company and Security Mutual Life Insurance Company of New York are not related entities. They are not responsibile for each other&#8217;s contractual obligations.<\/p>\n<\/li>\n<li>Provided eligibility requirements are met.<\/li>\n<li><strong>Chronic Illness Accelerated Death Benefit Rider.<\/strong> 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.<\/li>\n<\/ol>\n<p><strong>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.<\/strong><\/p>\n<p>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.<\/p>\n<ol class=\"footnotes olfootnote\" start=\"4\">\n<li>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.<\/li>\n<li>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.<\/li>\n<\/ol>\n<p class=\"footnotes\">\u2020 Riders may be added only at the time of application, not after issue, with the exception of the Terminal Illness Rider. <br \/>\nThis 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.<\/p>\n<style>\n    .olfootnote { position: relative; font-size: .9em; opacity: .7; list-style: none; counter-reset: li; padding-left: 20px; }\n    .olfootnote[start] { counter-increment: li 3; }\n    .olfootnote li:before { counter-increment: li; content: \"(\"counter(li)\")\"; position: absolute; left: 0; width: 20px; text-align: center; }\n<\/style>\n<div class=\"wp-block-group pdf-footer is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group__inner-container\">\n<p>Founded in 1943, Amalgamated Life Insurance Company has since grown into a leading provider of comprehensive insurance solutions operating in all 50 states and the District of Columbia. The Company provides competitive group products including Term Life, Medical Stop Loss, Disability and Specialty Drug Cost Management, as well as voluntary products such as Accident, Accidental Death &amp; Dismemberment, Critical Illness, Dental, Disability, Hearing, ID Theft, Legal, Portable Term Life and Whole Life, among others.<\/p>\n<p>Since 1975, Amalgamated Life Insurance Company has consistently earned the \u201cA\u201d (Excellent) Rating from A.M. Best Company attesting to its strong fiscal position and claims paying abilities. The Company is a member of the Amalgamated Family of Companies; which includes: a third party administrator, Amalgamated Employee Benefits Administrators; Amalgamated Medical Care Management, a medical care management firm; Amalgamated Agency, a property and casualty broker; and AliGraphics, a printing firm.<\/p>\n<\/div>\n<\/div>\n<p>The information in this product sheet is in an abbreviated form only. The actual coverage and amounts are subject to all the terms, limitations and exclusions in the policy. If the information in this product sheet differs from the Whole Life Policy, the terms of the policy govern.<\/p>\n<p><a href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2025\/05\/whole.pdf\" class=\"cta\" target=\"_blank\" rel=\"noopener noreferrer\">Download the PDF<\/a><\/p>\n<style>\n    h1:after { content: \"(1)\"; vertical-align: top; font-size: 0.3em; margin-top: 0.2em; margin-left: -1em; }\n<\/style><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Case Size: EE\/Member Max GI* Spouse Max CGI, No EE\/Member Coverage*,** Spouse Max CGI WITH EE Coverage Child\/Grandchild Maximum CGI Money Purchase** Parents Max CGI 25-49 $50,000 Age 76-80 $25,000 max $3 per week Greater of $7 per week or $35,000 Age 76-80 $25,000 max Age 0-8 up to $4 per week Age 9-17 up&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/worksite-whole-life\/\" title=\"Read Worksite Whole Life\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages\/4498"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=4498"}],"version-history":[{"count":3,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages\/4498\/revisions"}],"predecessor-version":[{"id":4503,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/pages\/4498\/revisions\/4503"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=4498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}