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20YLT policies allow the owner to convert all or part of the policy into one of New York Life’s many permanent, cash-value-building life insurance policies without furnishing evidence of insurability.

Original Age Conversion –– Final conversion date is the tenth policy anniversary.

Attained Age Conversion –– Final conversion date is the policy anniversary when the insured is age 30 or the tenth policy anniversary, whichever is later. A conversion credit3 is given on attained age term conversions only. During the first five policy years, 20YLT provides a conversion credit equal to 100% of the first year’s 20YLT premium paid. In years 6-10, the credit is equal to 50% of the first year’s 20YLT premium paid. Conversion credits are not available with all permanent products.

Premium Modes2

Premium Guarantee

Risk Classes

Conversion Privilege

Annual, semi-annual, NYL-A-Plan or automatic bank draft

Guaranteed for all years, level for the first 20 policy years. Beginning in year 21, premiums increase annually.

Based on defined underwriting criteria, New York Life offers the following risk classes: select preferred, preferred, non-smoker, select standard, standard, non-smoker/standard special class 2-13 and juvenile (ages 15-17).

Available Riders

To customize your policy, you can choose from several policy riders to meet your specific needs, at an additional cost.

Accidental Death Benefit — Provides an additional death benefit if the insured dies as a direct result of an accident prior to age 70. Issue ages 15-60.1

Disability Waiver of Premium — Waives all premiums should the insured become totally disabled, as defined in the rider. Issue ages 15-59.

The following riders are available at no additional cost to you:

Living Benefits3 — Gives the policyowner access to a portion of the policy’s eligible death benefit, should the insured be diagnosed with a terminal illness and have a life expectancy of 12 months or less.4 Issue ages 15-60.1

Spouse’s Paid-Up Insurance Purchase Option — Gives a spouse (or family member in New York) who is the beneficiary the right to purchase a new paid-up life insurance policy on his/her life upon the death of the primary insured, without evidence of insurability. (Rider Insured’s Paid-Up Insurance Purchase Option in New York.) Issue ages 15-60.1

Upromise®3 — Provides for a one-time Upromise Contribution of $25 for each term policy into the Upromise College Savings Account5 you designate.

Please note: All information is subject to the terms and conditions of the particular policy, including any exclusions or limitations.

2 3 4 5

If you pay the premium other than annually, the total premium you pay each year will be more than the annual premium. Not available in all states. State variations exist. All contributions will be held in a trust account with Upromise, Inc. for the benefit of Upromise members. Upromise, Inc. is not affiliated with New York Life or its subsidiaries.

New York Life Insurance Company 51 Madison Avenue, New York, NY 10010 www.newyorklife.com

13917(08/09) SMRU 00402045CV(Exp.08/11)

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