Current NY Rates
Signature Term Reprice – New York
We are excited to announce new premium rates for Signature Term Life Insurance series in New York, effective 4/1/2019.
Signature Term Reprice Highlights
• Improve our competitive position on face amounts of $250,000 and above.
• Friendly conversion options will remain available. Including conversions to Signature GUL, our highly competitive flagship product.
• No changes to issue ages, commission, or available term periods.
• Accelerated Benefit Riders.
$250,000+ Face Amounts
• Xpress Plus accelerated underwriting available up to $1 million.
• Highly competitive ART and 30 year level premium rates remain the same.
• Rate decreases on 10, 15 and 20 year to improve our competitive position.
• Retention limits for American National have increased to $5,000,000. Policies issued in New York by American National Life Insurance Company of New York will be reinsured with American National up to the same amount.
Under $250,000 Face Amounts
• Xpress accelerated underwriting.
• Minimum face amount increases to $100,000.
• Rate increases on all plans.
When will I be able to quote the new rates?
Quoting will be available on ExpertIllustrator software on 4/1/2019.
Which pricing will my client receive?
Application Date: Application Received &
Processed Date: The client will receive:
Before 4/1/2019 + Before 4/1/2019 = Pre-4/1/2019 Term Pricing
Before 4/1/2019 + On or After 4/1/2019 = Post-4/1/2019 Term Pricing
On or After 4/1/2019 + On or After 4/1/2019 = Post-4/1/2019 Term Pricing