Nonprofit life insurance company WoodmenLife has announced that it will close its Auburn office in March, according to a representative.
Kerry Heinrich, director of marketing communications for the Omaha-based company, said it has decided not to offer new sales in the state of New York. As a result, it will no longer have independent sales representatives in the state after March 31. The Auburn office, located in the Plaza of the Arts on Genesee Street, is WoodmenLife's only one in New York. It opened in September 2015.
"In order to sustain long-term growth and continue providing high-quality service to our members, it was necessary to make this difficult choice," Heinrich said.
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Heinrich declined to elaborate further on the reasons for WoodmenLife's choice.
The company has 13 full-time representatives, 19 part-time ones and five associates in New York who will be affected by the change. Heinrich said WoodmenLife will provide transitional packages for them.
Customers, meanwhile, will be served by the WoodmenLife team in Omaha. There will be no gap in coverage for customers, Heinrich said.