No, applications must be completed and received by us no later than March 31, 2021, for Individual and June 30, 2021, for MultiLife Worksite and Association. MultiLife applications received on or after July 1, 2021, will not be processedįor both Individual and MultiLife LTC, agents contracted to sell TransCare ® II and TransCare ® III products will have their agent agreements amended to “servicing-only agent.” Upgrades in coverage will not be allowed after March 31, 2021, unless contractually required by the insurance policy.Ī. The last day to submit paper, fax, and eApp MultiLife applications under approved MultiLife cases is June 30, 2021. Applications for individual coverage received on or after April 1, 2021, will not be processed. Paper, fax, and LTC eApp applications must be signed, dated, and received by Transamerica no later than March 31, 2021. Their customer experience will stay the same, and they will not experience any change in their servicey It’s important that you know your clients with existing policies are not impacted. The only impacted products are TransCare ® II and TransCare ® III.

LTC riders on life insurance policies are not affected. In addition, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. Transamerica will discontinue sales of their individual, standalone Long Term Care (LTC) business on March 31, 2021.

Transamerica life insurance policy