Text Resize

-A +A
Bookmark and Share

National Teachers Associates Life Insurance Company

Monday, March 25, 2013

New reserve interest rate standards have been uniformly adopted across the various states. This filing serves the purpose of demonstrating our company’s compliance with the new standards on a go-forward basis. Effective 1-1-13, the company will be calculating/keeping reserves according to the new standards. Please find attached a letter from our actuarial team, confirming our new approach to reserves at an interest rate of 3.5%. This change in the interest rate shall not affect the policy form itself.

Status: Approved
Effective Date: 1/1/2013