Office Announcements:

  • All of our offices will be closed on November 11, 2019 in observance of Veteran's Day.
  • Payroll Clients: October quarterlies will be posted to your portal by November 5, 2019
New York Equal Pay Expansions
New York State has amended its pay equity laws in three significant ways. The first two changes outlined below take effect October 8, 2019, while the third change goes into effect early next year.

  • All protected classes are covered.
  • Work only needs to be substantially similar.
  • Salary history is off limits.

Click here for complete details about these changes and actions items for what you need to do to ensure you are in compliance.
New Life Insurance Premiums Expected To Rise
Beginning in January 2020, life insurance carriers will be changing how they determine prices and premiums for new policies based on updated mortality tables and new calculation methods. While the exact impact of these changes is unknown, you may find that premiums are higher or that certain options are no longer available for new policies starting next year. Certain policies, such as those designed to maximize cash value, may no longer be as efficient due to these new requirements.

If you have been considering purchasing life insurance or replacing an existing policy, you may benefit from accelerating your timeline to squeak in before these changes go into effect. Policies under the old requirements must be paid in full and issued prior to December 31, 2019; call as soon as possible to schedule an appointment if you wish to get the application process started. Please be aware that applications entered too close to year-end may be subject to the new requirements.

If you would like to learn more about life insurance and how it might benefit your family, please check out this article .
Care to test your life insurance knowledge? Click here to take a quiz!
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Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member FINRA / SIPC . Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Tette, Ingersoll & Co., CPAs, PC. Allied Financial Partners and Tette, Ingersoll & Co., CPAs, PC are not affiliated with Securities America.