ARC Shared Accounts On June 30, 2019 all guest accounts on Transamerica’s Agent Resource Center (ARC) will no longer be active (see list below for impacted accounts). Once disabled, only those individuals who are associated with a Transamerica LTC-appointed Agent or Agency will be eligible to receive this access. If you are an eligible user as described above and will require future access, please call 1-888-458-2786 to submit a request for a new guest account through our LTC Technical Support Team. 000003VIEW EJ0012VIEW 000097VIEW 000099VIEW 000059VIEW 000012VIEW 000021VIEW EJ0047VIEW 000059PLTC 0000210SIA 000007VIEW 000020VIEW 000098VIEW 000059QAMF 000005VIEW 000097WFG1 000021AMLC 000047VIEW 000029VIEW
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In-Force Rate Action Announcement: Nevada (Choice 1)
> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Nevada has now allowed the following increases: Nevada Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 64.3% phased 18%, 18%, 18% cumulative 82.48% phased 22%, 22%, 22% cumulative Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the
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In-Force Rate Action Announcement: New Mexico (Privileged Choice® and Classic Select®)
> Privileged Choice® and Classic Select® with Stable Premium Option > 1% Benefit Increase Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. New Mexico has now allowed the following increases: New Mexico Product Series Increase Percentage Privileged Choice 6% Classic Select 6% This rate increase applies to non-AARP and AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start
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In-Force Rate Action Announcement: New Stable Premium Option for Privileged Choice® and Classic Select® Policyholders
To help mitigate the impact of current and future planned premium increases, we are providing an additional coverage option for most of our Privileged Choice and Classic Select policyholders to consider when faced with a premium increase. Beginning on July 1, 2019, the new Stable Premium Option Endorsement will be available in states where it’s allowed. The Stable Premium Option provides a guarantee that the new premium associated with the Stable Premium Option will not increase until at least 2024, along with the following specific set of benefits1: A three-year benefit period for individual policies and a six-year benefit period
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In-Force Rate Action Announcement: New 1% Benefit Increase Option for Privileged Choice® and Classic Select® Policyholders
As part of our continued effort to provide additional coverage options to our policyholders who are facing a premium increase, we are introducing a new coverage option for eligible Privileged Choice and Classic Select policyholders to consider. Beginning on July 1, 2019, the 1% Benefit Increase Option will be available in state where it’s allowed. The 1% Benefit Increase Option will be available for Privileged Choice and Classic Select policyholders who currently have a benefit increase option as part of their policy. If this option is selected, policyholders will retain their increased Daily Benefit Amount (DBA). The increased DBA and
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LTC “Underwriting Operation” – Camila’s Story
Another case study as part of our ongoing Underwriting Operation. CASE STUDY: Camila Camila, a 63-year-old woman in Arizona, applied for MutualCare® Custom Solution. She was quoted Select; however, after underwriting review, a Class I rate was offered. During the application process, Camila hadn’t told her agent about a stroke she had 3 years ago which caused a change in rate class. The stroke was discovered when the underwriter reviewed her medical records. The underwriter emailed the agent regarding the rate class change and encouraged the agent to call and discuss options with the client. The agent discussed the rate
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EssentialLTC Offering Policy Lifetime Renewals
Now Available: Policy Lifetime Commissions We appreciate the opinions of our valued field sales partners. To continue to build upon a mutually successful relationship, National Guardian Life Insurance Company (NGL) is thrilled to provide a comprehensive commission structure that offers: A new option with renewal commission for the life of the policy First-year commission on the premium for the Base Policy and all riders Renewal commission on the premium for the Base Policy and Inflation Protection Riders Direct deposit View the Policy Lifetime Commissions Flyer If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.
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June 20th Underwriting Teleconference Recording Now Available
We appreciate your attendance and enjoyed answering all your questions at the second LTC underwriting teleconference. During the call you heard from Aaron Smallwood, Supervisor Underwriting Support for LTC, Demerri Bond, LTC Underwriting Manager, and Allen Gregoire, our Director of Underwriting for all individual health. Didn’t make it? That’s OK! We recorded it for you. Dial this number to listen to the teleconference anytime: (855) 859-2056 | Conference ID: 5172044 Make sure to add the remaining bi-monthly teleconferences to your calendar. Please email us suggestions on topics or questions you’d like answered before the next call at distribution.marketing@mutualofomaha.com.
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Help Your Clients Understand Their Planning Options
Over the years, your clients have likely spent time planning for their future. They’ve saved, they’ve taken care of themselves and they’re ready to enjoy the result of all that planning – a comfortable retirement. Have your clients considered what would happen to their plans should they become chronically ill? Costs of care, treatments and medication are expensive. If your client has a life insurance need, they can plan ahead for this retirement risk using a Long-Term Care Rider or a Chronic Illness Rider on their life insurance policy. The following two brochures are client-approved and can be used to
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Helpful Tips for Submitting New Apps
Help Us … Help You Below are some helpful tips for working with our Underwriting Team in an effort to accurately and effectively expedite your new business. When submitting applications, it is imperative that you: Write clearly Spell applicant’s name correctly Print names where indicated Make sure all forms are completed and signed Thank you in advance for your cooperation; together we can avoid delays and errors when processing your new business. #goldencareagent #unitedsecurity
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