American Mayflower Life Insurance Company of NY
Ratings Information
| Rating Agency | Rating Category | Rating |
| A.M. Best | Financial Strength | A+ |
| Standard & Poor's | Financial Strength | AA- |
| Moody's | Financial Strength | Aa3 |
| Fitch | Financial Strength | AA- |
Term Life Insurance Products Information:
| Product Name | Conversion Option | Face Amounts | Other Features | |
| Term 10 Term 15 Term 20 Term 30 |
The owner may convert this policy for any higher premium policy of permanent life insurance made available for this purpose. The new life insurance amount cannot exceed this policy and may not be less than the minimum for the policy selected. Conversion will be at the insured’s attained age, without evidence of insurability. This option is available at any premium due date during the initial period (10/10/15/20/30 years) or to the insured’s attained age 75, whichever comes first. For the Term 5 policy with an issue age of 75, conversion is available up to one year from the conversion date referred to in the policy. | Band 1: $50,000-$99,999 Band 2: $100,000-$249,999 Band 3: $250,000-$999,999 Band 4: $1,000,000-None |
Waiver of
Premium Rider (WP) – Each premium payment which falls due
while the insured is totally disabled will be waived. WP
rates change when the policy’s premium changes. The rider
terminates on the policy anniversary nearest the insured’s
60th birthday. Issue Ages: Term 10/15/20……..15–55 Term 30……………15–50 |
|
| Term Lengths | 5 Year Term Life Insurance | 10 Year Term Life Insurance | 15 Year Term Life Insurance | 20 Year Term Life Insurance | 25 Year Term Life Insurance | 30 Year Term Life Insurance |
| Issue Ages | Not Available | 0-70 | 0-65 | 0-60 | Not Available | 0-50 |
State Approvals:
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| State | Approved? | State | Approved? | State | Approved | State | Approved? |
| Alabama Term Life Insurance | No | Illinois Term Life Insurance | No | Montana Term Life Insurance | No | Rhode Island Term Life Insurance | No |
| Alaska Term Life Insurance | No | Indiana Term Life Insurance | No | Nebraska Term Life Insurance | No | South Carolina Term Life Insurance | No |
| Arizona Term Life Insurance | No | Iowa Term Life Insurance | No | Nevada Term Life Insurance | No | South Dakota Term Life Insurance | No |
| Arkansas Term Life Insurance | No | Kansas Term Life Insurance | No | New Hampshire Term Life Insurance | No | Tennessee Term Life Insurance | No |
| California Term Life Insurance | No | Kentucky Term Life Insurance | No | New Jersey Term Life Insurance | No | Texas Term Life Insurance | No |
| Colorado Term Life Insurance | No | Louisiana Term Life Insurance | No | New Mexico Term Life Insurance | No | Utah Term Life Insurance | No |
| Connecticut Term Life Insurance | No | Maine Term Life Insurance | No | New York Term Life Insurance | Yes | Vermont Term Life Insurance | No |
| Delaware Term Life Insurance | No | Maryland Term Life Insurance | No | North Carolina Term Life Insurance | No | Virginia Term Life Insurance | No |
| Dist. of Columbia Term Life Insurance | No | Massachusetts Term Life Insurance | No | North Dakota Term Life Insurance | No | Washington Term Life Insurance | No |
| Florida Term Life Insurance | No | Michigan Term Life Insurance | No | Ohio Term Life Insurance | No | West Virginia Term Life Insurance | No |
| Georgia Term Life Insurance | No | Minnesota Term Life Insurance | No | Oklahoma Term Life Insurance | No | Wisconsin Term Life Insurance | No |
| Hawaii Term Life Insurance | No | Mississippi Term Life Insurance | No | Oregon Term Life Insurance | No | Wyoming Term Life Insurance | No |
| Idaho Term Life Insurance | No | Missouri Term Life Insurance | No | Pennsylvania Term Life Insurance | No |
Are you paying too much for life insurance? Or perhaps worse... you don't have any? If you have dependents or other people with whom you share your life, life insurance can play a vital and valuable role at virtually every stage of your life.