Bulletins

Transamerica – TransWeekly Newsletter for February 3, 2016

Index Loans Now Available on TransNavigator IUL  Effective January 25, 2016, Index Loans are available on TransNavigator IUL. Now it’s possible to run an illustration showing either a conventional or an index loan when taking loans against the policy. Index loans are available beginning on the third policy anniversary. This type of loan is charged a declared interest rate, and any interest credited uses the same calculation as the Excess Index Interest for the unloaned amounts. For additional information on index loans, view the TransNavigator IUL Product Guide.
Meet Jen the Millionaire of Tomorrow – The Final Module  Jen’s young, affluent and well-positioned to achieve millionaire status, and she can benefit from life insurance protection now. Encourage your producers to register for The Insurables and watch the Meet Jen video to learn how they can sell to the Millionaire of Tomorrow. After they watch the video and answer five quick questions, they’ll be entered into a sweepstakes and become eligible for a 10% commission bonus. Visit www.talearnandearn.com to register or log in.Office Closure Feb. 15  The Transamerica administrative offices will be closed Monday, Feb. 15 in observation of the holiday. Regular phone and email coverage will resume Tuesday, Feb. 16. During this closure, system access via TransACT and My Transamerica to obtain policy information will still be available. Transamerica regrets any inconvenience this closure may cause and appreciate your business.
Long Term Care and Disability Insurance

Long Term Care vs. Short Term Care – What…

Presented by Leonard Berthelsen Most agents probably haven’t given much thought to this issue and quite frankly, I can’t blame them.  Long term care insurance has experienced slow growth over the past several years for a variety of reasons.  Lack of understanding the protection, underwriting challenges, cost of coverage which continues to increase, and then the ever-present rate increases on older blocks of business.  Long term care can still meet the needs of your clients; however, there is another consideration to think about. Let’s take all the issues above and turn them into sales opportunities for 2016.  Short term care/recovery care products may have arrived at the right time.  They are easier products to understand and explain without all the compliance restrictions of traditional long term care insurance.  With limited benefit durations (generally no more than 360 days of coverage), underwriting risks are dramatically reduced for the carrier and the pricing reflects this.  Yes, short term care plans are relatively new to the market, but certainly fill a void that long term care has left. Start 2016 off with a recommitment to address the needs of your clients regarding short nursing home stays, recovery care after an illness, accidents, or surgeries.  When pricing or underwriting challenges are dragging down your ability to place coverage, these newer shorter duration products just might be the answer. Look for our promotions for the addition of Short Term Care/Recovery Care products or call your Sales Manager at 800-397-9999 now for details.