NADA Insurance Increases Premium Credit
NADA Insurance announced 40-70% premium credits effective in April, 2020, for employee life, manager life and dealer group-life insurance products.
NADA Insurance announced 40-70% premium credits effective in April, 2020, for employee life, manager life and dealer group-life insurance products.
NADA – As COVID-19 presents persistent health and economic challenges, some good news is welcome. On that note, NADA Insurance announced 40-70% premium credits effective in April, 2020, for employee life, manager life and dealer group-life insurance products. New York Life Insurance Company (NYL) and the Trustee of the National Automobile Dealers Insurance Trust (NADIT), Newport Trust Company, have approved these credits based on favorable plan performance. They apply through 2021.
For dealers and managers, a 45% premium credit is available on Life and Accidental Death and Dismemberment (ADD) and a 40% credit on Level Premium 10-Year and 20-Year Term Life. Also, three programs offer a70% credit on insurance premiums. They include Employee Life and ADD; Employee/Spouse/Child Tiered Life and ADD; and Retirement Accumulation.
To learn more about these credits and programs, including features, costs, eligibility, limitations and exclusions, contact Gilsbar at 1-888-461-6232.
Originally posted on Auto Dealer Today
More Industry
Badger State Dealership Gets New Owner
The longtime southern Wisconsin store moved from one area auto group to another, keeping the business in Dairyland.
Read More →
The Cycle of Negative Equity
Third-quarter data shows consumers still rolling over debt and stretching loan terms, raising their risk of remaining underwater.
Read More →
Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →