Planning Tips and Carrier News for Advisors 

Transamerica- Premium No Longer Required for Application Submission

Posted by LTCI Partners | Aug 4, 2020 2:28:55 PM
LTC Applications Made Simple
 
 
Transamerica
NEW: PREMIUM NOT REQUIRED FOR APPLICATION SUBMISSION
WHEN SUBMITTING INDIVIDUAL LTC APPLICATIONS
Effective immediately, Transamerica is pleased to share that cash is no longer required at time of application submission. You may now submit applications without initial premium when submitting individual business. Premium payment will become a delivery requirement.
However, for clients that wish to bind coverage, the initial premium* must still be paid when the application is submitted.
We hope that this option is of value to your business and your clients when appropriate.
For questions or assistance with sales, illustrations, or other matters, please contact the Transamerica LTC Sales Desk: 888–545–2713.
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* 2 months initial premium. Except in CA (1 month).

Individual Long Term Care insurance policies are underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA; in NY by Transamerica Financial Life Insurance Company, Harrison, NY. Qualifying for benefits required. Product and options not available in all states. Policy features may be named differently depending on state. Exclusions and limitations apply. Policy ICC10 TLC-3, ICC13 TLC-4; Policy Series TLC 2-P 0410, TLC 3-P 0313; or Policy TFL 2-P NY 0410, TFL 2-P NYF 0410, or TFL 2-P NYAF 0410.

For Agent Use Only. Not for Use With the Public.
 
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© 2020 Transamerica
07/20
                                                           

Topics: Transamerica

Written by LTCI Partners

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