As a valued Dealer-Member, NADA Insurance can offer you powerful assistance by providing member-negotiated insurance programs that provide peace of mind for you, your family and your business.
Group Term Life
Up to $3M in coverage available. Maximum of $1.5M in spouse coverage. To qualify, you must be:
- A member of NADA with a factory-approved new car or truck franchise;
- An owner of at least 10% of the dealerships corporate stock, or named in a successor or nominee addendum for 10% ownership;
- Actively work at least 20 hours per week, or 1,000 hours per year in the business of the dealership, and
- Able to submit evidence of good health satisfactory to New York Life.
Group Level Premium Term Life Insurance
Need more? This program offers you up to $1M of 10 or 20-year term coverage, during which your rates will not increase. Rates are based on your age at time of approval, so the earlier you lock in, the more you save.
Group Accidental Death & Dismemberment Coverage (AD&D)
Unfortunately, accidents happen. Help protect your family and assets with coverage from $10,000 to $300,000 with member negotiated rates of $.03 per $1,000 of coverage.
(AD&D provides ACCIDENT insurance only. It does not provide basic hospital, basic medical or major medical insurance as defined by New York Department of Financial Services. IMPORTANT NOTICE: AD&D DOES NOT PROVIDE COVERAGE FOR SICKNESS.)
Click here for more information including eligibility, features, benefits, costs, renewability, limitations and exclusions.
Group Insurance Programs Underwritten by
New York Life Insurance Company
51 Madison Avenue
New York, NY 10010 on Policy Form GMR
Why the New York Life Insurance Company?
Click here to learn more about New York Life.