New Compound BIO for The Connecticut Partnership

GOOD IS GETTING BETTER NEW TO THE CONNECTICUT PARTNERSHIP: TRANSCARE II 3% COMPOUND BENEFIT INCREASE OPTION People are living longer, and they need competitively-priced, flexible strategies to help protect their loved ones and financial futures. Long term care insurance can help address costs stemming from qualified long term care services, so clients can help protect their quality of life with confidence knowing they’ve prepared. Introducing TransCare® II’s 3% Compound Benefit Increase Option, available to your clients starting June 1, 2020. With level premium, this Compound Benefit Increase Option automatically increases policy benefits by 3%, annually, beginning on its anniversary date.
Read More

Categories: Industry News, Long-Term Care, and Transamerica.

Important Long Term Care COVID-19 Update

LONG TERM CARE PRODUCT GRACE AND LAPSE PERIOD CHANGES Amid the changes we’re making to help agents conduct business during the COVID-19 pandemic, we’ve received guidance regarding how long we can extend grace and lapse periods for long term care policies. We are extending premium payment due dates by an additional 30 or 60 days.* Customers have 90 days from the due date to pay premiums and keep their insurance coverage. Customers should know: Existing policy holders will receive a one-time mailing outlining this extension — please see the non-TFLICNY state-specific letter, and the TFLICNY New York letter for reference
Read More

Categories: COVID-19, Industry News, Long-Term Care, and Transamerica.

Medicare Supplement COVID-19 UPDATE

MEDICARE SUPPLEMENT COVID-19 UPDATE POLICY MAILING AND GRACE PERIOD EXTENSION We hope this email finds you and your loved ones doing well. Unprecedented times call for agile solutions. As COVID-19 concerns continue to grow, we want you to know we’re working hard for your business and your clients. Click the link below to see some of the steps we’re taking to respond, including mailing policies directly to clients and extending grace and lapse periods. We’ll update this page regularly, so please bookmark it to stay up to date. View More   Medicare Supplement COVID-19 UPDATE   #goldencareagent #transamerica
Read More

Categories: COVID-19, Industry News, Medicare Supp./Adv., and Transamerica.

LTC Update — Staying The Course

As COVID-19 concerns take hold, feelings of uncertainty are common — even normal. You may have questions about how to conduct business, including what steps can be taken to minimize personal contact with clients and partners alike. Here are a few updates. End-To-End Remote Selling The Transamerica e-App is designed to help you submit business with ease, no matter where you are. Log into ARC to access the e-App — an easy to use tool to complete and submit your LTC application. DocuSign is provided as part of the e-App process for agents and clients to use to sign and
Read More

Categories: COVID-19, Industry News, Medicare Supp./Adv., and Transamerica.

A Message From Our President & CEO | Transamerica’s commitment to our customers

A MESSAGE TO TRANSAMERICA’S CUSTOMERS From President & CEO Mark Mullin Transamerica continues to closely monitor developments with the coronavirus (COVID-19) and its impact. Unfortunately — and as you well know — it is significantly impacting our lives and our communities, as well as society and the economy. For over a century, we’ve been helping people plan for a secure financial future. We will continue to protect our customers and their savings, and safeguard their long-term financial plans during these challenging times. In February, we began to implement company-wide measures designed to protect the health and safety of our employees,
Read More

Categories: COVID-19, Industry News, Long-Term Care, and Transamerica.

Medicare Supplement Insurance Premium Rate Changes

Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes in the following states for new sales and in force policies. The in force policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. State Plan Adjusted Percentage Upload Date New Rate Effective Date District of Columbia A, F, G, N 7.5% increase 2/20/2020 4/1/2020 Delaware A, F G N 9% increase 7% increase 0% increase 2/20/2020 5/1/2020 Idaho A, F, G, N 15% increase 2/20/2020 5/1/2020 Kansas A, F, G, N 10% increase 2/20/2020 5/1/2020 Maryland A, F, G N 7.5% increase
Read More

Categories: Industry News, Medicare Supp./Adv., and Transamerica.

New minimums apply for partnership policies for 2020

New minimums apply for partnership policies for 2020 Connecticut Partnership: Daily Minimum Benefit of $291 for TransCare II. For older plans (see attached memo), it is $291 for Nursing Home Benefit, $145.50 for Home and Community Based Benefit. Indiana Partnership: Daily Minimum is still $115, Pool of Money Minimum of $409,537 in order to earn total asset protection (see page 18 of INP-2H-22410 IN.3).   Questions? Please contact the Transamerica sales desk at 888-545-2713.   New minimums apply for partnership policies for 2020   #goldencareagent #transamerica
Read More

Categories: Industry News, Long-Term Care, and Transamerica.

New, Rebranded Transamerica Assets Now Available

We have new rebranded assets available on online! We have new rebranded assets available on online! The rebrand includes headlines that pop, lively images, and eye-catching call outs. Agent Only: Description Item # Benefit Increase Options Flyer 121103 LTC Partnership Reference Guide 125031   Consumer Pieces: Description Item # Cash Benefit Flyer 120502 Tailored BIO Flyer 119718 LTC Insurance Protection Consumer Guide 115717   To download, click the links provided above, or log in to www.taltc.com and click “Order Supplies” under the Tools menu.   Questions? Please contact the Transamerica sales desk at 888-545-2713.   We have new rebranded assets
Read More

Categories: Industry News, Long-Term Care, and Transamerica.

Consumers’ Privacy Rights and Information Security

Consumers’ Privacy Rights and Information Security There have been recent changes to privacy and cybersecurity laws that will affect how you do business with Transamerica. Your relationship with Transamerica requires that you comply with certain laws, regulations and practices around how company and consumer information is processed and protected. It is important that you comply with all of these obligations, including those related to Consumers’ Rights and Information Security as detailed in the attached memo. CCPA Field Compliance Action Memo Consumer Privacy Questions? Please contact the Transamerica sales desk at 888-545-2713.   Consumers’ Privacy Rights and Information Security   #goldencareagent
Read More

Categories: Industry News, Long-Term Care, and Transamerica.

2019-2020 Advertising Compliance Annual Transamerica Agent Bulletin

2019-2020 Advertising Compliance Annual Agent Bulletin As you’re closing out your 2019 business, and making plans for an explosive 2020; check out the 2019-2020 Advertising Compliance Annual Agent Bulletin for your Advertising responsibilities and to answer many of your questions. Please take time to read through the information and discuss the content at your next Agency meeting. Click here to check it out! Questions? Please contact the Transamerica sales desk at 888-545-2713.   2019-2020 Advertising Compliance Annual Transamerica Agent Bulletin   #goldencareagent #transamerica
Read More

Categories: Industry News, Long-Term Care, and Transamerica.