Medicare Supplement Insurance product is now available in Virginia

Effective October 14, 2016, the Medicare Supplement Insurance product is now available for Virginia. We provide Medicare Supplement insurance that can help clients manage their out-of-pocket medical expenses. Our supplemental products offer: Guaranteed renewability as the client ages (as long as premiums are paid) Acceptance with any U.S. doctor or hospital that accepts Medicare assignment Virtually no referrals or networks Covered Medicare-allowable services when traveling within the US Automatic claims processing with minimal paperwork Please Note: The e-app for Virginia is currently not available at this time. However, once it does become available we will immediately communicate that information. Quoting
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Categories: Medicare Supp./Adv. and Transamerica.

Procedure Update for Duplicate Life Insurance Policy Contract Requests

The purpose of the bulletin is to communicate to all general agents and producers selling across all business alignments of a modification in Transamerica’s procedure. Audience This will be an impact for all policy owners who request a duplicate life insurance policy contract. Why the Change A change was necessary in order to promote consistency among business units as more of our agents continue to cross sell products. What is Changing The procedure that has been modified is in regards to our Duplicate Life Insurance Policy Contract Request. How is it Changing It will be required for policy owners to
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Categories: Life Insurance and Transamerica.

Five Tips to Avoid Application Delays

Give your clients the facts and put them at ease This year’s Medicare Advantage Annual Election Period (AEP) and the Medicare Advantage Disenrollment Period (MADP) are upon us. Annual enrollment runs from October 15th to December 7th. We know you’re busy, so here is a quick reference list to get you through some of the situations you may face. The following five scenarios will require additional information at the time of application to avoid processing delays. Coming off a Medicare Advantage plan because the plan is no longer being offered The applicant will need to send a copy of the
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Categories: Medicare Supp./Adv. and Transamerica.

Transamerica: Updated Questionnaires Now Available

Updated Questionnaires Now Available All supplemental Questionnaires have recently been updated, which required assignment of new form numbers. The updated Questionnaires are now available. Please note, the new forms do not allow amendment after submission; if any information is incomplete or requires changes a newly completed Questionnaire must be submitted. Use of the new forms is required for any Questionnaires received on or after October 1, 2016. Updated Questionnaires Now Available #goldencareagent #Transamerica
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Categories: Life Insurance, Medicare Supp./Adv., and Transamerica.

You’re Invited: Learn About the Transamerica Final Expense Solutions

September is Life Insurance Awareness Month, and you’re invited to learn how the 2016 Final Expense Solutions portfolio from Transamerica Life Insurance Company can be a strong addition to your sales toolkit! Backed by the Transamerica name, these products offer competitive premiums, straightforward underwriting, face amounts up to $50,0001 and a Children’s/Grandchildren’s Benefit Rider with Immediate Solution. Click here to receive additional information on the following three solutions: Immediate Solution – Guaranteed level premiums to age 121. 10 Pay Solution – Full coverage begins the day of policy issue. Easy Solution – Face amounts up to $25,0002, and graded death
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Categories: Life Insurance and Transamerica.

What You Should Know About Long Term Care Insurance Premium Increases

The projected cost of providing coverage for many long term care insurance policy contracts sold through 2012 has risen significantly over time. Due to the increasing cost of coverage, it’s necessary to increase premiums. As such, starting September 7, Transamerica will begin mailing letters to notify impacted customers about the increases. It’s important to understand there are ways to help customers offset the increase. In our letter to customers, we explain a number of options they can choose to adjust their premiums and coverage levels. Click on the following links to view a copy of that letter, as well as
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Categories: Long-Term Care and Transamerica.

Important Notice for Transamerica Agents in Washington, DC

We value our Washington, DC agents and policyholders and remain committed to providing long term care insurance to the District. Due to changing market needs in the District, we will temporarily suspend individual sales of TransCare II in Washington, DC. All TransCare II applications for individuals or couples must be received in our home office no later than 5:00 p.m. Central Time Friday, June 24, 2016. Also, as we continue to take a responsible and disciplined approach to the Washington, DC market, we’ve determined that we will no longer accept multi-life Service Group Requests (SGRs) for Washington, DC, effective June
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Categories: Long-Term Care and Transamerica.

Holiday Closure May 30

The Transamerica Long Term Care administrative office in Plano, TX will be closed Monday, May 30, 2016, to mirror hours of the New York Stock Exchange. Please allow additional time if necessary to order and receive materials during that time. Much of the important materials and resources you may need will continue to be available on our Agent Resource Center. #goldencareagent #Transamerica
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Categories: Transamerica.

Final Expense Product Approvals in WA, IL, and HI

Transamerica has updated the Immediate Solution and 10 Pay Solution Final Expense life insurance policies for the states of Hawaii, Illinois, and Washington as follows: Hawaii Updated Final Expense application kits will be available on all essential websites on May 20, 2016. There will be a 40-day transition period. The old application will be accepted if received by June 30, 2016, with the new application required as of July 1, 2016. Illinois Illinois has approved an Amendatory Endorsement relating to the Incontestability provision. Starting on May 20, 2016, an Amendatory Endorsement letter will be sent to all clients who hold
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Categories: Life Insurance and Transamerica.

Transamerica: Adjustments Made to Military Sales Practice Disclosure

Sales & Marketing Special Update Adjustments Made to Military Sales Practice Disclosure Effective April 22, 2016, the following Military Disclosure form will be updated in all states and will be made available on all essential websites. With this change, a new form will replace the previous disclosure forms as listed below: Old Disclosure Form New Disclosure Form Effective 4/22/2016 DISMSP0612 DIS11541008T MIL-129 U00265 DISMSP0515   The iGO e-App will show the new disclosure form on April 23, 2016. Transition Rules There will be a 30-day transition period. The old forms will be accepted by new business, if received prior to
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Categories: Industry News, Life Insurance, and Transamerica.