We are pleased to announce enhancements to New York Life Whole Life suite of products, effective December 4, 2017.
Custom Whole Life (CWL)
- Reduced Premiums on 5-25 pays
- 10-pay no longer a Modified Endowment Contract for non-smoker at face amounts of $100k+
Whole Life (WL)
- Redesigned to provide better balance of cash value accumulation and death benefit protection
- Illustrated cash value improvements – ages 35-45
Important Transition Guidelines:
If Part I Application date is 12/4/2017 or later, clients would receive the new products and benefits.
If Part I Application date is 12/3/2017 or earlier, clients will receive current products and benefits.
Please note, during this transition the current application can be used until January 4, 2018. Products will remain on the New York Life Illustration System (NYLIS) for approximately sixty (60) days after 12/4/2017.