May 2005
 Part D: The Newest Edition to the Medicare Alphabet!  Dial for Dollars with New HDF Phone Script!  UA Partners Mail Order Prescription Program Guide  A, B, C...D? Medicare's New Prescription Drug Coverage  Jim Sherritt, Sr. - I used to work for UA, now UA works for me!  Agents Make the Difference   Top Producers 

 Articles:
May 2005 Issue

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 2004, United American Insurance Company,  McKinney, Texas
All rights reserved.

 

 
Editor's Notes
ProCare Approvals
A special mailing regarding ProCare Medicare Supplement rate approvals for new business and renewals has been mailed to General Agents in Pennsylvania.

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.

HDF Video Approval
The HDF Video presentation is now approved for advertising in Tennessee. A CD-ROM, DVD, VHS, or Mini-CD may be ordered by contacting Agent Supply.

Interest Rates Set
The Lifestyle Annuity new money interest rate for the month of May is 3.50 percent. Rates will continue to be reviewed and adjusted accordingly. The Deposit Fund Rider new business interest rate for 2005 has been set at 3.00 percent.

Attn: All UA Agents
This is a reminder that the Bank Draft Form 1080 R05 is required with all FLEXguard applications. All FLEXguard applications requesting bank draft but missing this form will be pended.

Attn: UA LTC Agents
Since UA first began marketing LTC products, we have experienced increasing frequency and severity of Nursing Home confinements. Because of this experience, UA implemented the first LTC rate increase in its history. The increase effects the old LTC block of business: NH1, NH2, and NH3. A special mailing regarding this rate increase has been sent.

Attn: All UA Life Agents
UA will limit the Graded Benefit 400 Series and RT85 products offering to only two policies: 400 Series Ordinary Level Benefit (Plan Code G59) and RT85 (Plan Code G36). Updated Life Series Rate books will be available from Supply June 1st.

Effective July 1, 2005, Plan Codes G18, G50, G51, G52, G53, and G58 will no longer be available. A mailing detailing special premium rates and new commissions will be sent.

Attn: UA Louisiana Agents
Effective immediately, the Optional Newborn Children’s Transportation Benefit (Rider Form R-LA (14)) is no longer necessary with any UA policy.

Important Reminder For All UA Agents
FLEXguard uses a new type of application which utilizes Teleform technology. Please be sure all required information is included on the application and all bubbles are filled in completely. Teleform applications may not be photocopied. In addition, please keep in mind that the individual FLEXguard (IAGP) and Worksite FLEXguard (UAGP) applications require different information and cannot be used interchangeably.

Attn: All First UA Agents
The New York State Legislature has passed legislation, which has been signed into law by the Governor, increasing licensing fees for insurance Agents. Effective immediately, licensing fees have been increased to $40 per year or $80 for a two-year license. Please note the increase will automatically appear on the fee page of the online application located at www.ins.state.ny.us./faxappi.htm.
4Advertising Reminders
Any type of sales or advertising materials, including print ads, TV or radio scripts, flyers, or direct mail pieces must be submitted to the Home Office for written approval prior to publication or use. Please allow two to three weeks for the review and evaluation of your piece. If state approval is required, expect additional delays. Some tips for getting your piece approved:
1. Clearly identify the full name of the Company, United American Insurance Company, at least once in the body of the advertisement, preferably near the top.
2. If the advertisement is for a Medicare Supplement policy, you must also include the Medicare disclaimer at the end of the piece in no smaller than 10-point type. The disclaimer should read: United American Insurance Company is not associated with Medicare, Social Security, or any other government agency.
3. Clearly identify the products and services mentioned in the sales piece.
4. Use words and concepts that your intended audience can clearly understand. Avoid "industry" terms that the average person would not know. Also, avoid using ambiguous terms such as "comprehensive," "the best," or "the only."
5. Use only the most recent facts and figures available when citing general financial information or statistics about the Company, its products, or its ratings. Always provide the source and date for any statistic, and source dates should not be more than two years old.
   
 

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