Employee Whole Life

COOK ENGINEERING INC. 
​Open enrollment

March 12, 2025 to April 11, 2025

Hello Cook Engineering Employees,
This is a friendly reminder that your enrollment window is now open to participate in New York Life’s Employee’s Whole Life program. Just think, has anything changed in your life recently? Did you get married? Did you have or expect a child or grandchild? Did you recently get a raise or promotion? If so, now is a great time to consider increasing life insurance coverage for yourself or adding coverage for a family member. 

Employee’s Whole Life comes with many benefits, including:

​​Hassle free application process: There are no physical exams, and only a few medical questions asked.
Portability: Since you own the policy, it remains with you regardless of where you work or even if you retire, as long as premiums are paid when due.
Guaranteed Cash Value:1 Your permanent policy builds cash value, which you can access to help pay your children’s college education or to supplement your own retirement income later in life when your insurance protection needs decrease. 2
Flexibility: You can customize your policy with optional policy riders, some for an additional cost.
​Coverage for additional family members: Your spouse/domestic partner, children, and even grandchildren (ages 15 days to 25 years) may be eligible for coverage.

Life insurance becomes more expensive later in life, so securing more benefits now will ensure that no matter what happens, you will have an adequate amount of coverage to protect you and your family. If you are a new employee or a current policyholder and would like to review your current coverage or discuss opportunities to increase coverage for yourself or your loved ones, please don’t hesitate to reach out.

1 Guarantees are based on the claims-paying ability of the issuer New York Life Insurance Company.
2 Accessing the policy’s cash value will reduce the available policy cash surrender value and death benefit.
Employee’s Whole Life Insurance is issued by New York Life Insurance Company. All guarantees are based upon the claims-paying ability of the issuer.
This program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA). Employee participation is completely voluntary. The employer does not contribute to or endorse the program.In Oregon, the Employee’s Whole Life Insurance policy form number is ICC17-217-52P. The rider form numbers are as follows: Accidental Death Benefit: ICC17-217-201R; Disability Waiver of Premium: ICC17-217-227R; Living Benefits: ICC17-217-497R; and Spouse’s Paid-Up Insurance Purchase Option: ICC17-217-376R.