Effective Dec. 1: Closing New Sales of Current Multi-life LTC Product
To our Agents and Distribution Partners,
Effective December 1, 2017, LifeSecure is closing all new sales of our current Multi-life LTC offering in all states.
This follows our recent announcement to discontinue new case setups for our current Multi-life LTC product, with exceptions for MGAs that were given LTC sales quotas. Please note: this decision includes any new hires and other additions to existing groups, as well as all MGAs that were included under our previous exception.
**All active employer groups will also receive an email notification on Monday, Aug. 14, to make them aware of this change. Click here to view a sample of the employer group notification.**
All of us at LifeSecure continue to work diligently on filing our next-generation LTC product with the Interstate Compact, as well as with other states. Avoiding an extended disruption of our LTC availability remains a top priority. We expect our new LTC offering to become available in Q1 2018.
Worksite solutions will continue to be a strong focus across our whole product portfolio, which includes our continued commitment to the long term care insurance industry. As we continue focusing additional energies in growing the sales of our ancillary health products and diversifying our offerings, we are excited about the new products that we are bringing to market and for what the future holds.
Thank you for your business and your continued support of LifeSecure. Your partnership is important to us and we look forward to sharing future announcements and opportunities with you. Please don’t hesitate to contact our Agent Support Care Line at 866.582.7701 if you have any questions.
For Agent Use Only. Not for solicitation purposes.