Notice from New Era: Annual State Appointment Fee Changes

Beginning April 1, 2024, the following policy regarding annual state appointment fees will go into effect for New Era Life Insurance Companies(New Era Life Insurance Company, New Era Life Insurance Company of the Midwest, and Philadelphia American Life Insurance Company):

For agents actively writing business in a state for any of New Era Life Insurance Companies - If an agent is actively writing business in a state or receiving overrides, and their downline agents have issued and paid at least 2 indemnity policies in the past 6 months, New Era has agreed to cover the appointment renewal fee in that state.

For agents not actively writing business in a state for any of New Era Life Insurance Companies - If an agent is not actively writing business in a state, the agent will need to cover their own annual state appointment renewal fee. Any active agent appointed with the state will have their appointment automatically renewed with New Era. These fees, imposed by each state's Department of Insurance, will now be the agent's responsibility. The state appointment renewal fee will be deducted from the agent's commission account.

Declining appointment renewals in a state for any of New Era Life Insurance Companies - Please note that if an agent wishes to decline an appointment renewal in a state, the agent must notify New Era's licensing department at least 30 days before the renewal date. Once a licensing renewal fee is paid to the state, refunds cannot be issued to agents. Please see the state chart. This outlines each state appointment renewal fee, and the date appointment cancellation must be received by New Era.

If you wish to submit a cancellation request to New Era Life, please use the following to contact:

U65 Market: This email address is being protected from spambots. You need JavaScript enabled to view it.   

Senior Market: This email address is being protected from spambots. You need JavaScript enabled to view it.

If you have any questions, please contact New Era Life Insurance Companies agent support at  888.748.3035.