AIA Trust insurance programs are making efforts to assist AIA member insureds during this uncertain time.
For example, New York Life Insurance Company has temporarily extended premium payment periods to ensure that impacted members continue to remain insured even if they are having difficulty making premium payments now. AIA members under age 50 can now apply for Term Life Insurance up to $500,000 and Long Term Disability up to $4,000 per monthly benefit with no medical exam — now extended until September 30th, 2020. For a notice from New York Life Insurance Company and contact information, please click here.
Victor and CNA are also taking measures to address this situation and ensure coverage is continued for A&E policies by remaining in compliance with specific state requirements and guidance. Policy cancellations and non-renewals for nonpayment will continue to be suspended in states where restrictions still apply. In addition, Victor is assisting firm policyholders that have expressed cash flow concerns, including revised payment plans to help firms work through these challenges. If you are insured with Victor and CNA, please contact your underwriter or regional marketing contact.
Be sure to check directly with your insurance provider if you need accommodation due to the pandemic to see what they can do to assist you to renew your policies. If you need contact information for your policy provider, please visit: theaiatrust.com/contact/