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Published monthly by United American Insurance Company for the dissemination
of information to its Agents. Home Office permission must obtained prior to reproduction or other use of
this material.
© Copyright
2002-2003, United
American Insurance Company, McKinney, Texas
All rights reserved.
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| Editor's
Notes: |
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ProCare
Approvals
A special
mailing regarding ProCare Medicare Supplement rates for new business
and renewal rate information has been mailed to Branch Managers
working in Alabama, Alaska,
Arizona, California,
Connecticut, Indiana,
Michigan, Nebraska,
South Dakota,
Texas, Utah
and West Virginia.
Due to overwhelming requests from the field,
UA is switching from attained age to issue age pricing on new business
ProCare Medicare Supplement plans in Illinois,
New Mexico
and Oklahoma.
Effective immediately, Agents
should begin writing issue age business in Illinois.
No attained age applications will be accepted after Feb. 1, 2003.
Effective immediately, Agents
should begin writing issue age business in New
Mexico and Oklahoma.
No attained age applications will be accepted after March 1, 2003.
Please discard all attained
age rate cards and brochures for
these states.
A special mailing regarding these rates has been
mailed to Branches in these states. Branch Managers may order updated
supplies by contacting the Home Office.
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Interest
Rate Set
The Lifestyle Annuity new money interest rate for February
is 4.00 percent. Rates will
continue to be reviewed and adjusted accordingly. The Lifestyle
Annuity and Flexible Premium Annuity interest rates are available on
UA Online.
The Deposit Fund Rider interest
rate for 2003 has been set at 4.00 percent.
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GSP
Approvals
A special mailing regarding Good Sense Plan (GSP) rate
increase approvals for new business and renewals has been mailed to
Branch Managers working in Michigan,
Montana, South
Carolina, and Utah.
This increase is effective March 1, 2003.
Please check your state(s) rate memo or with
your Branch Manager for complete effective date information and
cut-off dates.
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Room
Benefit Increase
The Daily Room Benefit amounts have been increased to $500 on the HSXC
in Florida and Virginia.
A mailing regarding this change has been sent to Branches licensed
to sell in these states. Details on updated supplies will be included
in the mailing.
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One
Year — Increase Free!
For policies sold in 2003, UA has increased its standard four month
waiting period on implementing new policy rate increases to 12
months for the states and plan codes listed below. We are able to do
this because of a favorable experience — low claims — on these
plans. Policies sold in 2003, but not effective until 2004 when the
applicant turns 65, are not eligible.
| State |
Plan |
Plan
Code |
|
State |
Plan |
Plan
Code |
| AL |
F |
M05 |
|
NE |
F |
M05 |
| AZ |
C |
M03 |
|
OH |
F |
M05 |
| ID |
G |
M06 |
|
OK |
F |
M05 |
| IL |
F |
M05 |
|
OR |
C, F |
M03, M05 |
| MI |
G |
M06 |
|
WV |
F |
M05 |
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Attn:
Underage Health Agents
As previously communicated, RIP calls on Underage Health Plans became
part of the regular application procedure on Jan. 1, 2003. All
Underage Health applications must include an Authorization for
Application Verification.
In most cases, this authorization is located on
the back of the application near the Bank Draft Authorization. Some
plans including the CS1, HSXC,
SHXC, and the MMXC
do not have this authorization pre-printed. Please complete Form
LPV-97 and attach it to all Underage Health applications that do not
have the Authorization pre-printed on the brochure.
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Updated
Consumer Form
UA has updated the Consumer Form (F3728) which is required when
writing new business on the following Underage Health products: CS1,
GSP, HSXC,
MMXC, and SHXC.
New questions regarding COBRA have been added to ensure clients’
rights are protected.
Please destroy any existing inventory of
Form 3728 and begin using this updated form immediately.
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January
2003
It's Our Year