Transamerica has issued the following bulletins:
* Transamerica Solutions Portfolio
TransWeekly Newsletter for January 13, 2016
PRODUCT DEVELOPMENT & MANAGEMENT
Accelerated DB Rider Now Available on Immediate and 10 Pay Solutions in CA
The Accelerated Death Benefit Rider is now available on the Final Expense Immediate and 10 Pay Solutions in the state of California. The Accelerated Death Benefit can be used to help pay medical expenses as a result of a medical condition from an injury or illness as determined by a physician. For more information, contact the Transamerica Sales Desk.
Accelerated DB Rider Now Available on Immediate and 10 Pay Solutions in CA
The Accelerated Death Benefit Rider is now available on the Final Expense Immediate and 10 Pay Solutions in the state of California. The Accelerated Death Benefit can be used to help pay medical expenses as a result of a medical condition from an injury or illness as determined by a physician. For more information, contact the Transamerica Sales Desk.
FORMS
Third-party Designation Form Required in CT
Effective Jan. 22, 2016, all Connecticut product applications will include language that gives the applicant the option to designate a third party to receive notice of cancellation due to non-payment of premium. Some product applications already contain this language, but for those that don’t, form SAD 0113 will need to be included. SAD 0113 will replace SAD 1008 and will be available on TransACT starting Jan. 22. By Feb. 22, SAD 0113 must be made available to Connecticut applicants when applying for these products.
Third-party Designation Form Required in CT
Effective Jan. 22, 2016, all Connecticut product applications will include language that gives the applicant the option to designate a third party to receive notice of cancellation due to non-payment of premium. Some product applications already contain this language, but for those that don’t, form SAD 0113 will need to be included. SAD 0113 will replace SAD 1008 and will be available on TransACT starting Jan. 22. By Feb. 22, SAD 0113 must be made available to Connecticut applicants when applying for these products.