Oct 1, 2024

Thrivent - LTC Awareness Month Toolkit

Never miss any update

Subscribe to the Planning Tips and Carrier News for Advisors newsletter today to receive updates on the latest news from our carriers.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. 

Jan 27, 2021 • LTCI Partners

Transamerica Exiting the Standalone LTC Market

 
 
Transamerica
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.
INDIVIDUALLY SOLD, STANDALONE LTC
• Paper, fax, and LTC eApp applications must be signed, dated, and received by us no later than March 31, 2021.
• Applications for individual coverage received on or after April 1, 2021, will not be processed.
MULTILIFE LTC – WORKSITE AND ASSOCIATION
• The last day to submit paper, fax, and eApp MultiLife applications under approved MultiLife cases is June 30, 2021.
• MultiLife applications received on or after July 1, 2021, will not be processed.
For both Individual and MultiLife LTC, agents contracted to sell TransCare® II and TransCare® III products will have their agent agreements amended to “servicing-only agent.” Upgrades in coverage will not be allowed after March 31, 2021, unless contractually required by the insurance policy.
FREQUENTLY ASKED QUESTIONS
Take a look at our FAQs for other details about the transition, mailing addresses, and fax number.
Thanks again for your continued support during the transition. If you have any other questions, give the LTC Sales Desk a call at 888-545-2713, Mon – Thu 8:30 a.m. – 8 p.m. ET and Fri 8:30 a.m. – 7 p.m. ET.
Follow us
LinkedIn Facebook Twitter You Tube Instagram
 
Transamerica
6400 C St. SW, Cedar Rapids, IA 52499, U.S.A.
If you no longer want to receive these emails, click here to unsubscribe.

For Agent Use Only. Not for Use With the Public.
273670
© 2021 Transamerica
01/21
                                                           

Written by LTCI Partners

One of the greatest risks to a confident retirement is healthcare. At LTCI Partners, we provide insurance solutions to help advisors and their clients manage this risk.

Contact us

Phone: 800-245-8108

Email: sales@ltcipartners.com

Mailing Address

LTCI Partners, LLC
14546 Brook Hollow Blvd #281
San Antonio TX 78232

Office Address

500 W. Madison Street, 32nd Floor Chicago, Illinois

Useful Links

This site is designed for use of licensed financial professionals and not consumers. While we make every effort to maintain the accuracy of information provided on this site, LTCI Partners, LLC does not guarantee the accuracy of information provided on this site. All information should be verified by the licensed agent. LTCI Partners, LLC is a subsidiary of National Financial Partners Corp.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. Please take a moment to familiarize yourself with our privacy practices.