Transamerica
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| Transamerica Premier Life Insurance Company (TPLIC) will be implementing Medicare Supplement insurance premium rate changes for new sales and inforce policies. The policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. The following are the states that will be impacted. |
| Please note, New Jersey rate changes were previously communicated incorrectly as a 5% increase instead of a 5% decrease for plan G. Please see the correct rate changes below. |
| State |
Plan |
Adjusted Percentage |
Upload Date |
New Rate Effective Date |
| Nevada |
A, F, G, N |
3% increase |
3/21/2018 |
6/1/2018 |
| New Mexico |
A, F, G, N
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3% increase |
3/21/2018 |
6/1/2018 |
| New Jersey |
A
C, F
G
N |
0% increase
6% increase
5% decrease
0% increase |
2/21/2018 |
5/1/2018 |
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| Three Scenarios to Consider |
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Applications submitted and placed prior to new rate upload date with any future effective date will receive the current rates for the first year and then will receive the rate change at the end of the 12-month guarantee period. |
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Applications submitted and placed on or after the new rate upload date, prior to the effective date will receive the current rates for the first year and then will receive the rate change at the end of the 12-month guarantee period. |
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Applications submitted and placed on or after the new rate upload date, beyond the effective date will receive the new premium rates. |
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| New Medicare Supplement insurance premium rates for inforce policies, formerly underwritten by Stonebridge Life Insurance Company will be implemented. The following are the states that will be impacted. |
| State |
Plan |
Adjusted Percentage |
New Rate Effective Date |
| Florida (TPLIC)* |
A, F, G, N |
0% increase |
6/1/2018 |
| Florida
(Non-TPLIC)**
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A, F, G, N |
3% increase |
6/1/2018 |
| New Mexico |
A, F, G, N |
3% increase |
6/1/2018 |
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* Former Florida Stonebridge policies that accepted assumption onto TPLIC paper.
** Former Florida Stonebridge policies that did not accept assumption onto TPLIC paper.
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| Two Scenarios to consider |
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If policyholder is within their initial 12 month period, new rate change will take effect upon the next billing cycle after their: |
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12 month period
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Application effective date
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If policyholder is outside of their initial 12 month period, new rate change will take effect upon the next billing cycle after the applicable above effective date. Policyholders will be receiving notification of these changes via written correspondence per their state guidelines. |
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| Please contact your designated sales desk for additional questions regarding the new rates.
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Underwritten by Transamerica Premier Life Insurance Company, Cedar Rapids, IA and Transamerica Life Insurance Company, Cedar Rapids, IA. Not connected with or endorsed by the US Government or Federal Medicare Program.
For agent use only. Not for public distribution.
23495_E1JUN0318 |
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