By virtue of your important role at your dealership, you may be eligible to take advantage of the NADA Manager Group Life Insurance Program. This program is specifically designed to provide insurance benefits commensurate with the value and importance
of your position at the dealership. To qualify you must be:
- An employee of a member of NADA who has a factory-approved new car or truck franchise;
- A Manager in title or function who has authority and responsibility for directing and controlling the activities of a department/entity, and
- Able to submit evidence of good health satisfactory to New York Life.
Group Term Life
Up to $1M in coverage available. Spouses can select coverage up to 50% of the employee’s amount ($500,000 maximum).
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.