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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 2003, United
American Insurance Company, McKinney, Texas
All rights reserved.
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ProCare
Rate Approvals
A special mailing regarding ProCare
Medicare Supplement rates for new business and renewals has been
mailed to General Agents 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 pricing 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.
Check your state(s) ProCare rate memo
for complete effective date information and cut-off dates for
business written with old rates. If you did not receive this notice,
please contact the Agent Service Center at 800-925-7355.
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Room
Benefit Increase
The Daily Hospital Room Benefit amounts have been increased
to $500 on the underage health plan HSXC in Florida
and Virginia. A
mailing regarding this change including new app/brochures will be
sent to General Agents licensed to sell in these states.
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Good
Sense Plan Approvals
A special mailing regarding Good Sense Plan (GSP)
premium rate increase approvals effective Jan. 1, 2003
for new business and renewals has been mailed to General Agents in Oklahoma.
A special mailing regarding Good
Sense Plan (GSP) premium rate increase approvals effective
March 1, 2003 for new business and renewals has been mailed
to General Agents in Michigan,
Montana, South
Carolina and Utah.
You can order new rate cards by
contacting Agent Supply at 800-285-3676.
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Updated
Consumer Form
Effective immediately, an updated Consumer Form (Form 3749)
will be required when writing new business on the following underage
health products: GSP, HSXC, MMXC
and SHXC. New questions regarding COBRA have been
added to ensure clients’ rights are protected.
Please order the updated form from Supply. Destroy
any existing inventory of Form 3749 and begin using this updated
form immediately.
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Interest
Rate Set
The Lifestyle Annuity new money interest rate for the month
of January is 4.00
percent. Rates will continue to be reviewed and adjusted
accordingly.
The Deposit Fund Rider interest rate
for 2003 has been set at 4.00 percent.
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Twelve
Months Increase Free!
For policies sold in 2003, United American 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 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 |
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State |
Plan |
Plan
Code |
| AL |
F |
M05 |
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NE |
F |
M05 |
| AZ |
C |
M03 |
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OH |
F |
M05 |
| ID |
G |
M06 |
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OK |
F |
M05 |
| IL |
F |
M05 |
|
OR |
C, F |
M03, M05 |
| MI |
G |
M06 |
|
WV |
F |
M05 |
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January
2003
Offering Our Best 