Important notice to representatives about NSS life insurance products.

Northeast Agent

Guru
1000 Post Club
2,052
Pennsylvania
Re: Life insurance forms and rate information for 2020

Effective 1/1/2020 we will have new life insurance rates. These will be based on the new 2017 CSO table and this affects all life insurance companies. Overall rates have increased especially for younger people. Several factors over the past couple of years have lead to increasing mortality rates. Some of the factors appear to be the opioid crisis, infant mortality, driving records, risky behaviors and more.

We will have a pdf of the new rates available for you next week. The illustration system will be up and ready by next week. And finally the new applications will be available to download.

We will be offering the same plans with a few minor changes (preferred underwriting class). Updates and changes will be in next week’s email. A new agent reference guide that covers all of this material will be coming soon but not until January.

Old applications and rates will be accepted until Wednesday, December 18, 2019. After that date we will be issuing only new contracts, at new rates and accepting only new applications.

After Wednesday, Dec. 18th please destroy any old applications and forms. Old forms will be returned to you. We can no longer use them.

Only new apps and forms will be accepted after 12/18/19.

Look for another email next week with an update to all of this information. Our sales dept. will be available to help you over the next couple weeks.
 

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