Transamerica: New York Product Offering Changes

At Transamerica, we continue to seek ways to improve our services, offerings, and processes to make working with us easier for you and your customers. We’re streamlining our product line to focus on the products you’ve told us are the most important while developing the new products and services that you’ve asked for. Our TransACE® CV NY product will no longer be available for conversions effective February 16, 2018. All applications must be signed and in the home office by 4pm EST on February 16, 2018. Applications with external 1035 exchanges will not be accepted due to policies needing to
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Categories: Life Insurance and Transamerica.

GoldenCare Newsletter | February 12, 2018

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Our new training schedule is posted!  Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event!  Voucher does not apply in KY. Keep an eye out for an upcoming sales training webinar event featuring a special LTC Industry Expert speaker! To reserve your seats, Click Here. Our Guest Article in this edition is “LTC Insurance Payouts Increased 6 Percent In 2017,” by Jadah Riley, Financial Advisor. Enjoy! Compliance: Holiday Telephone Solicitation Bans for the month of February. Industry Updates:
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Minnesota Life, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

It’s time to change the conversation

Did you know that 81% of Americans want their financial advisor to take into consideration their health when building their financial strategy?* Transamerica’s wealth + health position allows you to take a holistic look at your clients’ wellbeing, addressing both personal and financial health. To kick-start these discussions, we are introducing our Changing the Conversation  series to provide the educational resources and the support you need to engage with your clients. This week’s Changing the Conversation  content includes: An introduction to wealth + health and its impact on financial strategies A field guide for our easy-to-use digital resources An insightful
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Categories: Industry News, Life Insurance, Medicare Supp./Adv., and Transamerica.

Medicare Supplement Insurance Premium Rate Changes

Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes for new sales and inforce policies. The policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. The following are the states that will be impacted. State Plan Adjusted Percentage Upload Date New Rate Effective Date Alaska A, F, G, N 3% increase 2/21/2018 5/1/2018 Kansas A, F G N 9% increase 3% decrease 0% increase 2/21/2018 5/1/2018 Maryland A, F G N 9% increase 3% decrease 0% increase 2/21/2018 5/1/2018 Missouri A, F, G, N 3% increase 2/21/2018 5/1/2018 New Jersey A
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Categories: Industry News, Medicare Supp./Adv., and Transamerica.

Transamerica Long Term Care Update: NJ Pricing Revision

STATE OF NEW JERSEY PRICING REVISION FOR TRANSCARE® II AND TRANSCARE® III January 24, 2018 Transamerica Life Insurance Company remains committed to you and to the long term care insurance market. As such, it’s important that we modify our premium rates for new TransCare® II  and TransCare® III  business to reflect actual claims experience by policyholders. These rate changes will also maintain consistency in our pricing across our product portfolio which will allow Transamerica Life Insurance Company to remain highly competitive within the marketplace. These refreshed rates are exclusively for new sales of TransCare® II  and TransCare® III  in the
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Categories: Industry News, Long-Term Care, and Transamerica.

New point of sale option for Medicare Supplement Applications

New Point of Sale Option for Personal History Interviews on Medicare Supplement Applications We’re always looking for opportunities to make doing business with Transamerica easier and more efficient. Effective February 1, 2018, your clients applying for Medicare Supplement Insurance that requires underwriting will now have the option of completing a required Personal History Interview (PHI) at the point of sale! Following the completion of all forms, including the Medicare Supplement application and HIPAA Authorization form, an applicant may contact EMSI to complete their PHI. Using the point of sale option ensures prompt completion of the PHI and speeds up the
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Categories: Industry News, Medicare Supp./Adv., and Transamerica.

Transamerica Plans Changes In Service & Administration of Products

Transamerica has entered into an agreement to transfer the service and administration of its insurance and annuity products to an independent third party administrator in the U.S., Tata Consultancy Services (TCS). The transaction is expected to be completed in second quarter 2018. TCS will provide administration for Transamerica’s life insurance, annuity, supplemental health insurance and workplace voluntary benefits customers. All of the Transamerica employees who support this business will receive employment offers from TCS and may remain in the U.S. cities where they are currently based. Customers can expect dedicated service and do not need to take any action regarding
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Categories: Industry News, Life Insurance, Medicare Supp./Adv., and Transamerica.

GoldenCare Newsletter | January 15, 2018

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Our new training schedule is posted!  Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event!  Voucher does not apply in KY. Keep an eye out for an upcoming sales training webinar event featuring a special LTC Industry Expert speaker! To reserve your seats, Click Here. Our Guest Article in this edition is  “How to Use RMDs to a Client’s Advantage: Morningstar’s Benz,” by Jane Wollman Rusoff, ThinkAdvisor Enjoy! Compliance: No compliance in this edition. Industry Updates: From Mutual of
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Minnesota Life, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

Medicare Supplement Insurance Premium Rate Changes

Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes for new sales and inforce policies. The policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. The following are the states that will be impacted. State Plan Adjusted Percentage Upload Date New Rate Effective Date Alabama A, F G, N 6% increase 0% increase 1/17/2018 3/1/2018 DC A, F, G, N 3% increase 1/17/2018 3/1/2018 Hawaii A, F, G, N 3% increase 1/17/2018 3/1/2018 Michigan A, F G N 9% increase 5% decrease 0% increase 1/17/2018 3/1/2018 Ohio A, F G N
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Categories: Medicare Supp./Adv. and Transamerica.

Connecticut Partnership for Long Term Care 2018 “Before You Buy” Publication Requirements

Beginning January 1, 2018, the 2018 edition of the “Before You Buy” publication MUST be provided to every individual applying for a Connecticut Partnership-approved long term care insurance policy. “Before You Buy” is a publication produced by the Office of Policy and Management which includes a complete description of the Connecticut Partnership for Long Term Care. Click here to download the 2018 edition of “Before you Buy.” Please contact the Transamerica LTC Sales Desk with questions: 877-532-4910.   Connecticut Partnership for Long Term Care 2018 “Before You Buy” Publication Requirements   #goldencareagent #transamerica
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Categories: Industry News, Long-Term Care, and Transamerica.