Get two-way protection in a single policy.

Collect up to 50% of your benefit amount (up to $500,000) if you become permanently chronically ill.

Chronic Illness Rider

An optional addition to your Group Term Life Insurance Policy

Apply to add the “living benefit” of a Chronic Illness Rider to your WAEPA Group Term Life Insurance, and you’ll have the ability to collect up to 50% of your benefit amount (up to $500,000) if you become permanently chronically ill.* It’s an easy and economical way to help protect yourself from the financial hardship a chronic illness can cause. Members and their spouses under age 65 are eligible to apply, and coverage can last until age 80.

How does it work?

With this rider in place, if you're diagnosed with a permanent chronic illness, you’ll be able to access up to 50% of your policy’s face amount. As much as $500,000 can be paid to you over four years in tax-free annual installments.** This money will be paid directly to you to use as you see fit. That could be to help with medical costs, ongoing living expenses, or to replace lost income.


Plus, if you’re fortunate enough to stay healthy, this added coverage will not be wasted. Instead, the full benefit amount will become part of your life insurance benefits and paid to your beneficiaries.   You don’t risk paying for insurance you might not need.


There’s an additional charge for this rider, and you must sign up at the same time you apply for benefits. Existing members interested in applying can click here.

See rates.***

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  • See How Much CIR Costs

  • $0
  • $0
    Dependent coverage shown is only for a spouse.  Children under 19, or up to age 26 are eligible to be added to the policy at no additional cost.  Their coverage is dependent upon the spousal coverage amount.
    Dependent coverage cannot exceed 50% of member coverage.
  • Total WAEPA Coverage for You & Your Dependents:

    Total Bi-Weekly Premium:

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  • Coverage For You:
    Coverage For Your Spouse:
    (Dependent coverage for your children is based on your spouse's coverage)

    Member Premium:
    Dependent Premium:


NOTE: The Chronic Illness Rider is not a standalone policy; it can only be added to an existing or new Group Term Life Insurance policy as a rider.

*Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form GMR

**Chronic illness means the permanent inability to perform 2 out of 6 activities of daily living (bathing, continence, dressing, eating, toileting and transferring); or a permanent severe cognitive impairment requiring substantial supervision.”

***Receipt of the accelerated benefit may be taxable. Consult with your personal tax advisor.

****The following states are not eligible for CIR: ID, LA, MN, NY, OH, UT, WA, all U.S. Territories

*****Including features, costs, eligibility, renewability, limitations and exclusions

This is a life insurance benefit that also gives you the option to accelerate some of the death benefit in the event that you are certified with a chronic illness as described in the certificate.

IMPORTANT NOTICE: This rider is not intended to be a federally tax-qualified long-term care insurance contract under Internal Revenue Code (IRC) Section 7702B. Therefore, the premiums payable for this rider do not qualify as long-term care insurance premiums and are not deductible from gross income for federal income tax purposes. This rider, however, is subject to the federal per diem limits set forth in IRC Section 7702B. Under this rider, New York Life will not pay claimants more than the federal per diem limits. Assuming the amount you receive in the aggregate from all applicable policies does not exceed the federal per diem limits set forth in IRC Section 7702B, the benefits provided by the Chronic Illness Rider are intended to be excludable from federal gross income under Section 101 (g) of the IRC.

Receipt of an accelerated death benefit may affect eligibility for Medicaid or other government benefits or entitlements and may have income tax consequences. Accelerating benefits before applying for these programs, or while you are receiving government benefits, may affect your initial or continued eligibility. Clients can contact the appropriate social service agency (e.g., the Medicaid Unit of your local Department of Public Welfare or the Social Security Administration Office) for more information.

NAIC #66915

On Policy Form GMR-FACE/G-30280-0


Can't find answers to your questions? Check out our FAQ page!


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Our WAEPA Guides cut through the complexity and get to the heart of the matter – helping you decide what’s right for you.

Underwritten By

New York Life Logo

New York Life Insurance Company

51 Madison Ave.
New York, NY 10010

NAIC #66915
On Policy Form GMR-FACE/G-30280-0

New York Life is domiciled in the state of New York and is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada.

Ready to Apply?

Apply now and start enjoying the benefits.