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Carrier News Bulletin: 06/06/2019 – 06/12/2019

Allianz

Important Client Communication Regarding Incorrect Values.

On April 1, 2019, Allianz received incorrect information from Bloomberg for the EURO STOXX 50® index, and as such, contracts were valued incorrectly and transactions were processed with the incorrect index information. They’ve corrected the net values, and you and your client can view their current values online. There is no need to take any action as a result of this correction. View

John Hancock

State Approval:

Protection Term is now approved in Delaware. Learn More.

Lincoln Financial Group

New Vendor for APS Translation Services.

Lincoln is pleased to announce the onboarding of, LanguageLine SolutionsSM, a new vendor for APS Translation Services. LanguageLine Solutions has provided interpretation and translation services for over 36 years and is currently one of the largest language services providers in the world. View

Medical Reimbursement Guidelines Reminders.

Lincoln encourages field partners to use approved vendors for medical requirements. When placing your order through an approved vendor, the vendor will direct bill The Lincoln National Life Insurance Company, eliminating the need for you to pay out of pocket and submit documentation for reimbursement. View

Life Insurance Product Switch Process and Guidelines.

The new Lincoln unified life insurance application and Tele-App ticket has integrated all life insurance product processes into one streamlined approach and enables a seamless transition from one product to another – saving time and creating a better experience for producers and consumers. To make the process easier, please reference the guidelines below. If you have questions regarding a specific case, please contact your dedicated Underwriting and New Business team. View

Transamerica

Important Update Regarding Conversion Application Submissions.

Effective June 6, 2019, please use the state-specific application for the client’s current resident state when submitting conversion applications. The application will also need to be signed in the client’s current state of residence. If the client resides outside the United States, use the application for the state where the original policy was issued. View