|
Published monthly by United American Insurance Company for the dissemination
of information to its Agents. Home Office permission must obtained prior to reproduction or other use of
this material.
© Copyright 2000, United
American Insurance Company, McKinney, Texas
All rights reserved.
|
|
Editor's Notes:
|
|
|
| 4 |
ProCare Approvals
A special mailing regarding ProCare Medicare Supplement new business and renewal rate information has been mailed to General Agents in
Connecticut and Vermont. If you did not receive this notice, please contact the Agent Service Center at 1-800-925-7355.
|
|
| 4 |
GSP Update
Montana has approved the
Good Sense Plan (GSP). Supplies are now available to order.
|
|
| 4 |
Attn: Georgia Agents
A rate increase for the Cash Benefit Cancer Plan has been implemented in
Georgia effective 11/15/99. New business written prior to 11/15/99 won’t receive an increase until their first year anniversary date.
A special mailing explaining the increase has been sent to affected Agents and will include a special rate card to be inserted into CANB brochures until brochures can be reprinted.
No applications can be processed with old rates if written 11/15/99 or later, or if received in the Home Office after
11/30/99.
|
|
| 4 |
Interest Rate Set
The Lifestyle Annuity new money interest rate for
November is 5.50%. The new rate for December will be
5.60%. Rates will continue to be reviewed and adjusted accordingly.
|
|
| 4 |
Holiday Schedule
The Home Office will be closed on the following dates: November 25-26 for Thanksgiving; December 24 for Christmas; and December 31 for New Year’s. Have a safe holiday season!
|
|
| 4 |
Attn WI: Important MC-Series Update
Effective immediately, due to changes in state mandated benefits in the Basic Plan, United American has assigned
new plan codes for new Medicare Supplement business issued in
Wisconsin. Letters, numbers and descriptions on the new rate cards are different. Therefore, it is important to read the new rate cards carefully.
A letter has been sent to affected Agents and includes a sample rate card. While new rate cards are being printed, please make and use copies of the rate card provided. New cards will be available to order upon completion of printing.
Note: There are no rate increases at this time. Benefits for current policyholders do not change.
|
|
| 4 |
Guaranteed Issue Disability Med-Supps (All States)
Some states have mandated that UA (and other carriers which offer Disability Medicare Supplements) must guarantee issue coverage to applicants (including uninsurable applicants). Effective January 1, 2000, if an applicant is issued a Disability Plan on a guaranteed issue basis including HMO coverage that is being withdrawn, there will be no commission paid or credited at any level. This action is being taken to offset the expected increase in claims that will be incurred on these plans.
United American will continue to pay commissions according to our contract on Medicare Supplement Disability plans issued after
health questions are underwritten and the waiting period is served for pre-existing conditions.
|
|
November
1999
Succeed With Superior UA Service 