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Carrier News Bulletin: 6/14/2018 – 6/20/2018

AXA

Your Clients May Automatically Get the Better Product.

Term 20 cases that are pending underwriter approval as of June 18th that would benefit from the rate improvements will automatically be transitioned to the new product.

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Genworth

Long-Term Care Insurance In-force Rate Action Announcement:

Utah: Privileged Choice, Classic Select
Effective 06/18/2018

Wyoming: Pre-PCS
Effective 06/18/2018

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Mutual of Omaha

Mutual of Omaha’s Long-Term Care Rider is Almost Here.

Additional option launches July 1 and will be available on Income Advantage and Life Protection Advantage IUL policies.

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Rate Adjustments Effective September 1, 2018.

• Iowa – NHA, LTA, HCA, LT5-, NH50
• New Jersey – LTC06UI

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Nationwide

Important Life Insurance Payment Changes Effective July 1, 2018.

Nationwide will modify its policies governing the use of bankcard payments for life insurance policies. “Bankcards” include both credit and debit cards.

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Prudential

State Appointment Renewal Processing Update.

Beginning June 22, 2018, Prudential’s Licensing and Contracting team will review and automatically renew state appointments for actively selling producers in their resident state as well as any non-resident states where the producer has placed business in the past 18 months.

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Transamerica

Transamerica Will No Longer Review Trial Applications. Effective July 1st.

Transamerica will continue to provide risk assessments through the Quick Quoting tools you use today.

Transamerica Credit Card Process Change.

Effective June 15, 2018. Transamerica will no longer accept credit card numbers. Instead, credit card numbers must be converted to a token number using the Transamerica website.

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