Coverage Overview

Who is eligible to participate in the Loyal Legacy™ Plan?

As a registrant, breeder, or club member affiliated with AKC, you are eligible for this coverage, provided you're under age 65 and you reside in the United States.


Choosing your Benefit Amount to Fund your Pet Trust

As an AKC constituent, you can request the benefit best suited for funding your pet trust. Benefits begin at $10,000 and continue in units of $1,000 up to $250,000. At age 65, coverage reduces by 35%, and at age 70 by 50% of the amount in force on the day before reaching age 65.


Putting your Insurance Benefit Amount into Effect

Your benefit under the Loyal Legacy™ Plan will begin on the first day of the month following approval of your application by New York Life Insurance Company, provided your first premium is paid within 30 days, and you are performing normal daily activities that day.


Enjoy a 30-Day Free Look

You'll have 30 days to review your Loyal Legacy™ Plan coverage. If you're not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated, and you will be sent a full refund, no questions asked!


A Benefit That Stays with You

Once you're insured in the Loyal Legacy™ Plan, you can count on your benefit being there for you, as long as you pay your premiums when due, remain under age 75, and the group policy is continued by New York Life Insurance Company. Coverage terminates at age 75.


Your Beneficiary and Your Funds

Your beneficiary will be the trust, will, person(s), and/or organizations last designated by you in writing and received by the plan administrator. New York Life will provide the funds to your beneficiary (by payment of the life insurance proceeds upon your death) normally within 5 business days after the Policy's benefit claim form has been received and approved.


One Limitation

Benefits are paid for death from any cause except suicide during the first 24 months of coverage (12 months in Missouri).


Accelerated Death Benefit

Included in your coverage is a benefit that pays if you become terminally ill with a life expectancy of 12 months or less (24 months in IL). The Accelerated Death Benefit is 50% of the amount of the benefit level in force on the date New York Life approves the request for this benefit. If a benefit reduction due to age is scheduled within one year of such request, the benefits payable will be 50% of such reduced benefit. Written proof of the insured's terminal illness and life expectancy of 12 months or less, along with any other medically necessary information requested, must be provided to New York Life. If this benefit is paid, the death benefit of the insured will be reduced by the amount of this payment. (Premiums do not reduce.) Receipt of an accelerated death benefit may affect eligibility for Medicare 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. Please be sure to check with your tax advisor before taking advantage of this benefit. This benefit is not available to residents of MA.