Archive

Monthly Archives:: December 2020

Securian: Changes to COVID-19 Participation Guidelines

Securian Financial remains focused on delivering high levels of service, helping customers with their insurance needs and maintaining the company’s financial strength. Your support in delivering on this focus has provided valuable insights to best navigate the unpredictable nature of a pandemic while addressing the additional risks it presents.   We are pleased to announce... Read more…

Sentinel: Special Enrollment Period for Medicare Supplement in Colorado

Colorado has enacted a special enrollment period for Medicare supplement policyholders starting 1/1/2021. This special enrollment period allows clients who currently have a plan C or F to change to a plan D or G (respectively) without underwriting. Clients may switch plans either with their current insurer or switch to a new insurer.   The regulation is... Read more…

Global Atlantic: SecureFore Fixed Annuity Enhancements

We would like to take this opportunity to inform you that as of December 21, 2020, we launched enhancements to the SecureFore product suite. Here are some of the key highlights: 10% (of premium) as a free withdrawal amount in contract year 1 No changes to free withdrawals starting in year 2 Premium Banding Crediting... Read m...
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GILICO: Processing Cut-Off Dates

For Distributions: To complete distributions by Dec. 31, 2020, GILICO’s Home Office must receive requests in good order  by Dec. 23, 2020.   For incomplete requests (NIGO), or requests received after Dec 23, we will strive to complete by December 31st, but cannot guarantee.   For New Business: GILICO Home Office must receive new business... Read more...
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Humana: Healthy Foods Card Benefit Expires December 31st

As a reminder, all funds on 2020 Healthy Foods Cards will expire 12/31/2020. Below are helpful facts to help guide any conversations you may have with your clients regarding their HFC benefit: Any unused funds that remain on HFC’s will be forfeited by members if not used by 12/31/2020 – no funds will roll over to 2021. All card... Read more…

American Equity: Suitability Acknowledgement

Effective Jan. 1, 2021, we will require a new Suitability Acknowledgement form*.  The form is available for immediate use.  Previous versions of the Suitability Acknowledgement form will not be accepted as of Jan. 1, 2021.* In addition to the new form requirement noted above, we will continue to communicate and update you on specific updates... Read more…

TransAmerica Leaves LTC Market

As some of you may know, TransAmerica has announced they are leaving the Long-Term Care market. While this is big news, the GREAT news is that other carriers have recently reaffirmed their commitment to the LTC space. Here are some carrier responses: Mutual of Omaha We sold our first long-term care insurance policy in 1987,... Read more »
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Aetna: Open Enrollment Period Starts January 1st

During the Medicare Advantage OEP, beneficiaries who are enrolled in an MA/MAPD plan have a one-time opportunity to change plans. This election period is not available to those with Original Medicare or those enrolled in a standalone Prescription Drug Plan. Learn more.
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