Broker Check

NY State Department of Financial Services Emergency Regulation

The Emergency Regulation and Executive Order 202.13 require insurers to provide the following relief to consumers and small businesses (defined as “any business that is resident in [New York State], is independently owned and operated, and employs 100 or fewer individuals”) who can demonstrate financial hardship due to COVID-19:
Life Insurance and Annuity Contracts

  • Extend the grace period for the payment of premiums and fees to 90 days to ensure that the policyholder’s or certificate holder’s life insurance policy or certificate does not lapse for nonpayment during the 90-day period.
  • Waive late payment fees otherwise due, and not report late payments to credit rating agencies, during the 90-day period.
  • Allow premiums due but not paid during the 90-day period to be paid over the course of the following year in 12 equal monthly installments.
  • Extend the period to exercise policyholder and contract holder rights and benefits under life insurance and annuity contracts to 90 days.

Property & Casualty

  • Provide a 60-day grace period for the cancellation, conditional renewal or non-renewal of an insurance policy held by a policyholder facing financial hardship due to COVID-19.
  • Allow premiums due but not paid during the 60-day period to be paid over the course of the following year in 12 equal monthly installments.
  • Waive any late payment fees, and not report late payments to credit rating agencies, during the 60-day period.

Insurers are required to accept a written attestation from a policyholder as proof of financial hardship as a result of the COVID-19 pandemic.

NYS DFS Emergency Regulation

How We Work

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Our Process

We create strategies that are tailored to your needs and goals.

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Our History

Years of experience have prepared us to guide you through your life transitions.

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Our Values

Trust. Honesty. Integrity. We believe values matter, and we live by ours every day.

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Bridging the Gap Between Today’s Reality with Tomorrow’s Possibilities

We live in an uncertain world with constantly fluctuating markets and changing needs. With opinions coming from all directions, you may have a hard time confidently deciding what will work for your situation. Every person is unique and has their own definition of financial independence, which means no one strategy fits all.

At Mendels & Associates, our goal is to BRIDGE the gap between where you are today and where you want to be in the future. We ask the questions that many people haven’t considered before and help you gain clarity about your financial situation and vision of success. Utilizing a holistic approach that addresses all elements of your financial picture, and with access to some of the top CPAs, Attorneys, and other professionals across the country, our mission is to help you create a BRIDGE that guides you toward financial well-being. We serve as your lifelong financial professional. It’s not uncommon for us to work with families through multiple generations.


With more than 47 years of experience and a “soul” purpose to serve you with all your financial needs, we aim to stand out from the crowd of financial services firms. Based in South Orange, New Jersey, we serve clients in the greater New York City area, as well as across the country to California. As a virtual firm, we have the ability to work with clients in-person, via web-based meetings, and over the phone.

Let us serve as the quarterback of your team of professionals, simplifying the process and providing education and guidance for the long-term. Contact us.

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