Transamerica Officially Communicates Details Regarding Standalone LTCi Exit
Transamerica released an official announcement regarding the discontinuation of it's standalone LTCi product in 2021.
Transamerica also distributed a FAQ document which includes details about the transition. Click the links at the bottom of this alert to view Transamerica's announcement and FAQ.
Please note that policyholders, multi-life employer contacts, and writing agents of multi-life groups will receive direct communication from Transamerica regarding the transition.
A reminder about dates:
All individual applications must be signed and received by Transamerica no later than Wednesday, March 31, 2021
For new Multi-Life cases, all Service Group Request forms must submitted to Transamerica Transamerica no later than Wednesday, March 31, 2021
Multi-Life and approved Association applications must be signed and submitted no later than Wednesday, June 30, 2021
CLICK HERE for the official announcement from Transamerica