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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 28, 2002 at 08:00 PM
NU Online News Service, May 28, 1:38 p.m. – New York has relaxed the law governing cash-value requirements for term life insurance policies.
A new version of Section 4221(o)(1)(F) of the state Insurance Law exempts level-premium policies with terms of 30 years or less that expire before the insured reaches age 81.
The old version offered the exemption only to level-premium policies with terms of 20 years or less than expired before the insured reached age 71.
An insurer can use the new law to increase the maximum issue age without filing any forms with the New York State Insurance Department, the department says in a new filing guidance.
An insurer that wants to change the specifications page for a policy or add a new, longer-term plan must file a new specifications page and other documents.
The New York department describes the filing requirements in detail at http://www.ins.state.ny.us/ilif4221.htm
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