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GBS News: OneAmerica Asset-Care Changes | EMSI Updates | Policy Review | and more

Published on July 10, 2020

 

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Changes to Asset-Care LTC Premiums in California Effective July 25th

Effective July 25th, OneAmerica is making the following changes to their Asset-Care LTC product n California:

  • New, generally increased Continuation of Benefits (COB) rates will apply.
  • Base policy premiums PEC will be reduced.

All applications and 1035 paperwork must be received by the Home Office by close of business on July 24th.

 

EMSI Update from Prudential

Due to the sudden closure of EMSI, effective Tuesday, July 7th, the FastApp program has been suspended. To prevent any potential delays, please discontinue selecting EMSI as your requested vendor on your Agent’s Report or any worksheets to ensure your cases are being handled as intended. We recommend submitting business via Prudential's PruXpress Worksheet process and selecting eInterview, which allows all eligible cases to be considered through Prudential’s PruFast Track accelerated underwriting program.

 

EMSI Update from Securian

Please note Securian has temporarily suspended their term drop ticket as they work with APPS to take over the tele-interview completion.

 

Global Atlantic Acquired by KKR

Please see the below letter from Global Atlantic President Rob Arena, regarding the exciting news recently announced about their new partnership with Kohlberg Kravis Roberts & Co. Inc. (KKR).

 

When was the last time you did a policy review with your clients? Download this kit to get started.

Life insurance, like any financial asset, should be reviewed on a regular basis to make sure it is still meeting clients’ objectives. One of the most important functions we can perform is to monitor if clients’ life insurance policies are still applicable given their current financial and future goals.

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THANK YOU

 

We at GBS Insurance thank you again for your business. For more information or insurance quote requests, please contact your brokerage manager or give us a call at (800) 473-5966

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GBS Insurance and Financial Services, Inc. do not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

© 2020 Arthur J. Gallagher & Co. 

 

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