ATTN: ALL AGENTS
Proper submission of new business is a
key factor in our ability to provide the
best possible service to you and our
policyholders. Part of that concerns
submitting the correct type of payment
with the application. Please keep these
points in mind:
- We do not accept cash, money
orders, or cashier’s checks for
payment of any premium, and
that includes initial payment and
subsequent periodic payments.
- CASH IS NEVER ACCEPTABLE UNDER
ANY CIRCUMSTANCES!!!
- Postdated checks are not acceptable.
- Temporary/counter checks are not
acceptable.
- Agent-written checks and savings
accounts are not acceptable methods
of payment.
- Company checks are acceptable
for individually or family owned
businesses for applicants only.
(Use Sole Proprietor Form SP 9-01.)
- Once applicant is approved, a directbill
payment mode is available.
Life policies require a $20 minimum
premium for a monthly direct bill.
MED-SUPP OPEN ENROLLMENT
&
GUARANTEED-ISSUE RATES
Not all states’ applications include
the height/weight and tobacco/
nontobacco questions.
If the height/weight question is on your
state’s application, please note there is
an asterisk next to it indicating it need
not be answered in an applicant’s Open
Enrollment period.
The tobacco/nontobacco question
must always be answered because
in most states tobacco/nontobacco
rates apply to Open Enrollment and
Guaranteed-Issue applicants.
The following states currently require
us to give nontobacco user rates to
all Open Enrollment and Guaranteed-
Issue applicants: California,
Louisiana, Maryland, North Dakota,
Pennsylvania, Tennessee, Virginia,
and Wisconsin.
FREEDOM SIGNATURE SERIES (GSP3)
and INDEPENDENCE SIGNATURE SERIES
(GSP3A)
RATE APPROVALS
United American has received approval
for a 3.00 percent premium rate
increase for new business and renewals
for Freedom Signature Series (GSP3)
and Independence Signature Series
(GSP3A) in the following states:
Freedom Signature Series (GSP3):
Arizona, Colorado, Delaware, District
of Columbia, Iowa, Illinois, Louisiana,
Michigan, Mississippi, Missouri,
Nebraska, Oklahoma, South
Carolina, Tennessee, Texas, West
Virginia, Wisconsin, and Wyoming.
Independence Signature Series
(GSP3A): Arizona, Colorado,
Delaware, District of Columbia, Iowa,
Louisiana, Michigan, Mississippi,
Missouri, Nebraska, Oklahoma,
Texas, Wisconsin, and Wyoming.
You must use new rates on applications
written July 1, 2010, and after.
UA CS 1 RATE APPROVALS
United American has received new CS1
rate approvals in several states.
- The new business effective date
was June 15, 2010, in Arizona,
Arkansas, Georgia, Louisiana,
Missouri, Oklahoma, and
South Dakota.
- The new business effective date was
July 1, 2010, in Mississippi,
Montana, and Texas.
- The new business effective date is
August 1, 2010, in Kentucky.
Go to www.unitedamerican.com/logon to download new rate cards.
REMINDER – CS1 is only available for
sale prior to Sept. 1, 2010.
E-mail agencyservice@torchmarkcorp.com with questions.
INTEREST RATES SET
The Lifestyle Annuity rate for July is
3.00 percent. Rates are reviewed and
adjusted accordingly.
The Deposit Fund Rider new business
interest rate for 2010 is 3.00 percent.
ATTN: CALIFORNIA AGENTS
California resident and nonresident life,
limited life, and accident and health
Agent license fees are reduced from
$68 to $64 each. This also includes the
annual license renewal fee. In addition,
the appointment fee of $23 and the
termination fee of $23 are reduced to
$22 each.
We have received approval in California
of the UA Disability Waiver of
Premium Rider (UADWPR) that may
be added to ungraded life policies for
additional premium.
ATTN: ALL AGENTS
The 2010 Medicare Supplement
Buyers Guide is now available from
Agent Supply or as a download
through UAOnline. If ordering from
Supply, complete the Supply Order
Form and e-mail the completed
form as an attachment to
agentsupply@torchmarkcorp.com.
If downloading the PDF, click on
‘A Guide to Health Insurance for People
with Medicare’ in the Medicare section
of your state’s Compliance Sheet.
SPECIAL LEAD ASSISTANCE PROGRAM
If a General Agent has $500 or more per
month in renewals, the Company will
pay for an initial lead order and deduct
20 percent per month interest-free
for five months from renewals up to
the General Agent’s average monthly
renewal check. Agents must sign an
Advance Loan Agreement.
ARE YOU ON OUR E-MAIL LIST?
Are you receiving e-mail updates
about products, rates, and training?
If not, please make sure we have your
correct e-mail address. E-mail agencyservice@torchmarkcorp.com or call the Agent Service Center at
800-925-7355 to provide us with
your correct e-mail address. Regular
communication between you and the
Home Office is important to your
success and ours! |
Editor’s Notes 