June 2005
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 Articles:

June 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 Vermont.

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/RFA Approval
UA’s High Deductible Plan F and Reserve Fund Annuity are now approved for sale in Virginia and Alaska. A special mailing has been sent to Agents working in these states. For additional materials, please contact Agent Supply.

Interest Rates Set
The Lifestyle Annuity new money interest rate for the month of June 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 Agents
In an effort to help you write new business and maintain high persistency, UA will waive a portion of the $1,730 calendar year deductible amount required on our High Deductible Plan F Medicare Supplement policies for the last half of 2005.

For HDF policies with an effective date of July 1, 2005 and thereafter, UA will waive $500 of the 2005 annual deductible amount. The first $1,230 must be paid by the policyholder before policy benefits begin for 2005.

Attn: First UA Agents
The New York State Legislature has passed legislation increasing licensing fees for insurance Agents. Effective immediately, licensing fees have been increased to $40 per year or $80 for a two-year license. An application to renew your New York license is located online at www.ins.state.ny.us/faxappi.htm. All First UA Agents need to send in a copy of their new license by July 31, 2005. First UA Agents who fail to send in their renewed license will be terminated.

Important Reminder
For All UA Agents
FLEXguard uses a new type of application which utilizes Teleform technology. All Teleforms, including applications, bank draft authorizations, and UA Partners enrollment forms, may not be photocopied. Photocopied applications will not scan properly, resulting in delays in business processing.

Do Not Call Reminder
Please remember that all referrals and leads are subject to Do Not Call (DNC) legislation and UA regulation policies. All phone numbers should be sent to the Home Office to be “scrubbed” against the Federal and Company DNC registries. Agents are responsible for checking State DNC lists independently.

Home Office Holiday Schedule
The Home Office in McKinney will be closed Monday, July 4, in observance of the Independence Day holiday. We wish you all a safe and spectacular Fourth!


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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