In addition, in the state of New York, we will only offer Classic Choice Term for cases at and above $1 million starting April 1. This means any cases written after April 1 in New York that are below $1 million would not be eligible for the Classic Choice Term product. (The average 1% premium decrease does not apply to New York rates.)
- For ticket business and direct writer business (Not including NY): applications must be signed and received on or before April 29 to receive current rates.
- For paper business (all Protective Classic Choice Term NY business and paper applications): these must be signed and received on or before April 15 to receive current rates.
- Any application in underwriting on April 1 may choose between the old and new version of the product.
For more information, please contact your Protective Life representative.