NADA Partners with New York Life
MCLEAN, Va. (April 10, 2015) - The National Automobile Dealers Association has chosen New York Life to provide group life insurance and accidental death and dismemberment (AD&D) coverage to member dealerships.
"New York Life was handpicked because of its ongoing commitment to strengthen and enhance the NADA insurance program offered to NADA members," said Betsy Piper/Bach, vice president and COO of NADA Retirement. "The new partnership brings enhanced coverage and resources to meet the needs of the dealer workforce."
NADA member options include group term and level premium policies, as well as group term coverage for dealership managers and employees. Group AD&D coverage can be applied for as an easy add-on to any policy. The application process has also been simplified through an online application portal that includes calculators and a special tele-underwriting feature.
New York Life replaced Prudential Insurance Company of America as of Jan. 1, 2015. Evercore Trust Company is the trustee of NADA Insurance Trust.
For more information, visit www.nadainsurance.com to explore the customized life insurance solutions offered through the NADA Insurance program.
About New York Life
New York Life's reputation is based on nearly 170 years of financial stability, the highest level of integrity and a commitment to providing the full measure of coverage and service. In today's volatile economic times, it's even more reassuring that New York Life has the highest possible ratings for financial strength currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Moody's Investors Service (Aaa), Standard & Poor's (AA+) and Fitch Ratings (AAA). Source: Third Party Rating Reports as of 3/26/15.