MEMO  
  To: General Agents in New York  
  From: Ryan Sykes, Vice President, UA General Agency Division
Jim Savo - FLMI, Vice President of Operations, General Manager
 
  Re: Whole Life Cash Value Changes  
  We are pleased to inform you, you may resume sales of Final Expense Whole Life and Juvenile Whole Life insurance policies in New York. Please be advised of the following changes related to The National Association of Insurance Commissioners (NAIC) 2017 Commissioners Standard Ordinary Mortality Table (2017 CSO) requirement for cash value calculations:
  • Updated the cash values for Final Expense Whole Life and Juvenile Whole Life policies with an effective date January 1, 2020 and going forward.
  • New policy forms and plan codes. Please refer to the chart below.
 
  Premium rates for new business and existing policyholders have not changed.  
 
FINAL EXPENSE WHOLE LIFE
 
Policy Forms
Plan Codes
 
NEW
PREVIOUS
NEW
PREVIOUS
Standard
GNYSWL17R
GNYSWL
AEW
AER
Graded
GNYSWLGD17R
GNYWLGD
AEX
AES
 
 
JUVENILE WHOLE LIFE
 
Policy Forms
Plan Codes
 
NEW
PREVIOUS
NEW
PREVIOUS
Standard
GNYSWL17R
GNYSWL
AEY
AET
 
  Download new materials from the GNY General Agency Compliance Sheet or logon to https://unitedamerican.com/logon/ to order them through the Automated Supply Order Form.  
 
Please contact the Home Office in Syracuse at 315-451-7975
or email GLNYAgency@globe.life with any questions.


 
 
Globe Life Insurance Company of New York conducts free Training Webinars for all appointed Agents.
Register NOW on http://office.globelifeofnewyork.com.


 
 
We’d also like your most current email address to keep you informed of
products, contests, incentives, and important Company information.
Call 315-451-7975 to update your email address!


 
 
Sent by Aurea on behalf of Globe Life Insurance Company of New York.


 
 
%%PLUGIN_UNSUBSCRIBE: 1497-UNSUBSCRIBE%%