TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE |
As announced December 10, 2020, on Capital Markets Day by Aegon CEO Lard Friese, Transamerica will discontinue sales of our individual, standalone Long Term Care (LTC) business on March 31, 2021. |
In addition, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. LTC riders on life insurance policies are not affected. The only impacted products are TransCare® II and TransCare® III. |
It’s important that you know your clients with existing policies are not impacted. Their customer experience will stay the same, and they will not experience any change in their service. |
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