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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, 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
2001 ProCare Medicare Supplement rates for new business and renewal rate information has been mailed to General Agents in
Connecticut.
A special mailing regarding 2002 ProCare Medicare Supplement rates for new business and renewal rate information has been mailed to General Agents in
Alabama, Arizona,
California, Hawaii, Idaho,
Illinois, Kentucky,
Maine, Michigan,
Mississippi, Montana,
New Hampshire, South Dakota and
West Virginia.
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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Attn: Connecticut Agents
Effective March 1, 2002, Agents in Connecticut can resume selling United American’s
ProCare Medicare Supplement Plans B and G. A special mailing regarding this update has been mailed to General Agents licensed to sell in this state.
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Interest Rate Set
The Lifestyle Annuity new money interest rate for February
is
4.50 percent. Rates will continue to be reviewed and adjusted accordingly.
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Attn: Life Agents
This is just a reminder that there has been a rate increase on the 400 Series Life product. The rate increase notification memo and the new rate brochures have been sent to all appropriate General Agents.
The increase applies to the 10-Pay, 15-Pay and 20-Pay standard and graded plans. If you need more supplies contact Agent Supply
at (800)285-3676.
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Attn: Maryland Agents
Effective immediately, Maryland has approved the
21-Pay Life Plan. You can order your supplies by contacting Agent Supply at
(800)285-3676.
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Attn: California Agents
At the request of the California Department of Insurance (DOI), and in connection with our 2002 rate approval, UA has agreed to limit the rate for disabled open enrollees to the age 80 rate (plan codes U26, U27, U28 and U29). The prior rates, which were approved by the California DOI in January 2001, were calculated separately and were higher than our overage rates. The new 2002 rates are in the process of being implemented. Any new business received will be issued at the new lower rate. Any refund due because the old, higher rate was submitted will be issued directly from the Home Office. Current policyholders will receive their refund and notice of the rate decrease at the same time.
Note: This rate limit does not affect the DMSB rate, which is underwritten.
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Order Your CD-ROM Today
CD-ROMs for the following Power Point presentations are now currently available for Agent use. Order these CDs for just $3 each.
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Medicare Supplement Protection (Form MSP-01) |
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Final Expense Protection (Form FEP-01) |
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2002 Agent Training Manual (Form UASM-1 R02) |
To order these new sales tools contact Agent Supply
at (800)285-3676.
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Attn: Virginia Agents
The Virginia Department of Insurance has issued a letter to all insurers and their appointed Agents regarding procedures to recognize military personnel called-up to active duty (Agent licensing and Agent appointment processes). Therefore, in accordance with this letter, United American is providing Virginia General Agents with
the Web site address where they can review these updated procedures.
The letter is posted to the Virginia Bureau of Insurance Web site at:
http://state.va.us/scc/division/boi/web pages/administrativeltrsselection.htm.
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February
2002
Where Eagles Soar 