January 28, 2020 As many of you are aware, United Security entered into a reinsurance treaty in 2016 in order to improve its financial results and risk-based capital, which had been affected by blocks of business purchased in the past. During an Examination of United Security Assurance Company, the Pennsylvania Department of Insurance (“PA DOI”) determined that the Reinsurer’s assets, which back the policyholder reserves for the business transferred to the reinsurer, were substantially invested in subsidiaries and affiliates of a large private company. The PA DOI and the Company have concerns about the Reinsurer’s assets and would like them
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Happy Holidays from GoldenCare!
Wishing you and yours a wonderful holiday and we look forward to striving to move the Long Term Care industry forward with you in 2020. The GoldenCare Team #goldencareagent
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Happy Holidays from United Security Assurance
We are truly grateful for for the many relationships we’ve built over the years, with the hard working producers we serve everyday. Wishing you a season of joy and look forward to our continued success in 2020. The Management and Staff of United Security Assurance #goldencareagent #unitedsecurity
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United Security Assurance – ADLs vs IADLs
What’s the Difference Between ADLs and IADLs Activities of daily living (ADLs) are a series of basic activities performed by individuals on a daily basis necessary for independent living at home or in the community. The 6 basic activities of daily living are as follows: Eating — Feeding oneself by getting food into your body from a receptacle (such as a plate, cup or table) or by a feeding tube or intravenously. Bathing — Washing oneself by sponge bath; or in either a tub or shower, including the task of getting in or out of the tub or shower. Dressing
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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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