Repriced UL and SUL
We launched the AD119 NYL UL and SUL suite of products in September 2019. The goal of this repricing is to make the product suite more competitive and drive incremental sales to the Company.
Summary of Premium Reductions on NYL UL and NYL SUL:
To provide premium cuts, we changed the Cost of Insurance (COI) rates across all risk classes, with notable reductions amongst key non-smoker (NS) risk classes1.
1 Key NS risk classes: Issue Ages 45 – 65, dial to 100/121, $1M Face Amount, all 4 NS risk classes