TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE

Transamerica will discontinue sales of our individual, standalone Long Term Care (LTC) business on March 31, 2021.

It’s important that you know your clients with existing policies are not impacted. Their customer experience will stay the same, and they will not experience any change in their service.

INDIVIDUALLY SOLD, STANDALONE LTC

• Paper, fax, and LTC eApp applications must be signed, dated, and received by us no later than March 31, 2021.
• Applications for individual coverage received on or after April 1, 2021, will not be processed.

For both Individual and MultiLife LTC, agents contracted to sell TransCare® II and TransCare® III products will have their agent agreements amended to “servicing-only agent.” Upgrades in coverage will not be allowed after March 31, 2021, unless contractually required by the insurance policy.

Please contact our office if you have any questions.

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