Product Review. An Agent Guide to United American Supplemental Health & Life Products

Transcription

1 Product Review An Agent Guide to United American Supplemental Health & Life Products

2 This Agent training brochure highlights the features of insurance policies offered by United American Insurance Company. Policy provisions govern the specific benefits. Policy availability varies by state.

3 Medicare Supplement Protection When you sell United American Medicare Supplements, you are selling the best. Read what these General Agents have to say about UA. Quality and convenience are important to Seniors, and with United American, they get both! Recently, I received a call from the oncology department at the Mayo Clinic thanking me for the way UA pays its claims. United American really delivers for its Seniors. Phil Ortez, Arizona Of all the companies I write, United American is the only company I ve represented for more than 25 years. It s UA or no way for me. Michael Lemar, Florida For a Group proposal, contact Special Markets at

4 Medicare Supplement Insurance PLANS / BENEFITS A B C D F G K L N Basic Benefits Hospitalization (Part A Coinsurance) Medical Expenses (Part B Coinsurance) 100% 100% 100% 100% 100% 100% 50% 75% Copay Blood 50% 75% Hospice 50% 75% Skilled Nursing Facility Coinsurance 50% 75% Part A Deductible 50% 75% Part B Deductible Excess Doctor Charges Foreign Travel Emergency 100% 100% Out-of-Pocket Annual Limit $4,960 $2,480 Plan F also has an option called a high deductible Plan F. This high deductible plan pays the same benefits as Plan F after one has paid a calendar year deductible. Benefits from high deductible Plan F begin after out of pocket expenses exceed the calendar year deductible ($2,180 in 2016). Out of pocket expenses for this deductible are expenses that are ordinarily paid by the policy. These expenses include the Medicare deductibles for Part A and Part B, but do not include the separate foreign travel emergency deductible. Plans K and L provide for different out-of-pocket cost-sharing (50% for Plan K, 25% for Plan L). Once you reach the annual limit ($4,960 for Plan K, $2,480 for Plan L), the plan pays 100% of the Medicare copayments, coinsurance, and deductibles for the rest of the calendar year. The out of pocket annual limit does NOT include the charges from your provider that exceed Medicare-approved amounts, called excess charges. You will be responsible for paying excess charges. The out of pocket annual limit may increase each year for inflation. Plan N pays 100% of Medical Expenses (Part B coinsurance) except for a copayment of up to $20 for an office visit and up to $50 for an emergency room visit. The emergency room copayment is waived if the insured is admitted to any hospital, and the emergency visit is covered as a Medicare Part A expense. Some states require designated Medicare Supplement plans also be available to people under age 65 and eligible for Medicare due to disability (different application forms may be required). Policy benefits are identical for people over or under age 65. Premiums are based on preferred or standard, age, sex, state/area. 2

5 FC United American Insurance Company. All rights reserved. UAI Ancillary Plans United American offers ancillary insurance products to meet the needs of your customers. These policies are not major medical insurance and are not designed to replace major medical coverage. Benefits are limited and scheduled. UA policies may be a good choice to supplement existing coverage when the customer already has a primary major medical policy. Plan availability and benefits vary by state. Policies pay in addition to any other coverage the insured has Policies are portable if the customer moves or changes jobs Policies are guaranteed renewable and cannot be canceled as long as premiums are paid on time First Diagnosis Cash Benefit Cancer (CANLS-2) One time cash benefit cancer policy Our Cash Cancer Plan is All About Your Freedom to Choose! It won t happen to me. Did you know cancer can strike anyone, at anytime regardless of age or circumstances? Often without prior warning or symptoms. You probably know someone who has had cancer. Issue ages 0-69 Pays a one-time lump sum benefit up to $50,000 upon written proof of first diagnosis of cancer Benefit not contingent upon treatment can be used for anything Monthly rates starting from $6 Not available in: CT, MA, MN, NJ, SD, WY Policy Form CANB in: MT, NH CAXC-CIXC Cancer expense coverage Issue ages 0-63 Daily hospital benefit Covered illnesses include cancer, malignant growths, leukemia, and Hodgkin s disease Additional benefits for intensive care Monthly rates starting from $6.40 (CIXC) Monthly rates starting from $11.00 (CAXC) CAXC Not available in: AL, CT, MA, NH, NJ, SD, WA, WV, WY CIXC Not available in: AL, CT, MA, NH, NJ, PA, RI, SD, WA, WV, WY 3

6 CAGR Cancer policy Issue ages 0-63 $1,500 first diagnosis benefit Up to $3,750 surgical benefits Daily hospital room benefit ($150 or $300) Monthly rates starting from $12 Not available in: AL, AR, CA, CT, IA, IN, KS, MA, MD, MN, NH, NJ, PA, RI, SC, SD, TX, UT, VA, WA, WI, WY HealthGuard (CILS) Cash benefit critical illness policy Issue ages Pays a one-time lump sum benefit up to $50,000 upon written proof of first diagnosis Covered illnesses include heart attack, stroke, total loss of eyesight, total loss of hearing, end stage renal failure, major organ transplant Monthly rates starting from $3 Not available in: CT, KY, MA, MN, MT, NH, NJ, SD Accident Compensation Plan (UA-250) Accident policy Issue ages 0-63 Choice of either lump sum accident payment up to $10,000 or hospital cash benefit Accidental death benefit (pays instead of all other benefits) Monthly rates starting from $8 Not available in: AL, CA, CT, FL, IN, NH, NJ, OR, RI, SC, SD, TN, WA, WV 4

7 Foundation Signature Series (MMGAP) Limited benefit hospital expense policy (applicant must have existing or pending group major medical policy). Issue ages 0-63 Calendar-year maximum benefit amounts up to $10,000 Helps cover major medical deductibles, copayments, and coinsurance associated with hospital inpatient treatment Optional rider for additional premium: hospital outpatient expense Monthly rates starting from $6 Not available in: CT, FL, IA, ID, IN, KS, KY, MA, MD, ME, MN, MT, ND, NH, NJ, OH, OR, PA, RI, SC, TN, UT, VA, VT, WA 5

8 FD United American Insurance Company. All rights reserved. UAI Life is precious. Unfortunately, accidents and disease claim the lives of children every day. Consider that: Accidental injuries are the leading cause of death among children in the United States*. Cancer is the second leading cause of death among children age 1 14*. Having money for final expenses provides financial protection when the unexpected happens. With United American s Juvenile Whole Life Policy you can get help with that protection. Whole life policies accumulate cash value, so as the child ages the value of UA s Juvenile Whole Life policy will also grow. Premiums for United American s Juvenile Whole Life policy are based on age, so the cost to you will never be lower than it is now. Buy today and the affordable rate remains the same for life. Available for children ages 0-18 Benefit amounts range from $1,000 to $25,000 Terminal Illness Accelerated Benefit Rider (ABR1) is included at no additional cost. Upon satisfactory proof of a terminal illness, this rider pays 50% of current benefits available prior to death (where state approved). Stability - United American has been in the life and supplemental health insurance business since Strength - For more than 35 consecutive years, United American has earned the A+ (Superior) Financial Strength Rating from A.M. Best Company (as of 6/15). *National Safety Council. (2015). Injury Facts, 2015 Edition FD113 R United American Insurance Company. All rights reserved. UAI Life Insurance Protection Final Expense Whole Life Senior Whole Life insurance with face amounts from $1,000 to $25,000* Our Final Expense Insurance Policy is All About Helping You Plan Ahead! Planning now makes good financial sense! The last thing you want loved ones to say when planning your final arrangements is, I can t afford this. Grieving takes an emotional toll, and it can be even more difficult when there s a financial burden. It s never easy to think about what life would be like for your family after you re gone. But planning now can help your loved ones focus on the life you lived, and less on your final expenses. Issue ages: Graded Death or Sub-Standard Benefit Policy available where state approved. Terminal Illness Accelerated Benefit Rider (ABR1) automatically included, at no-cost, with Plans FER and FES (where state approved) Premiums stay the same throughout the life of the policy Not available in all states, check Life Approval Chart on Agent website Juvenile Whole Life Whole Life insurance policies with face amounts from $1,000 to $25,000* Life Insurance For Children Ensures that cash will be there Keeps the premium affordable The company behind the coverage This brochure highlights the features of policy form SWL. Policy described herein is not a preneed or prearranged funeral plan. Policy has some limitations and exclusions. Refer to Your policy for actual coverage, benefit amounts, and terms. Plan, issue ages, and benefits may vary by state. Applicant must qualify for coverage amount applied for based on applicant s age and health. This is a solicitation for insurance. You will be contacted by a state-licensed insurance Agent representing United American Insurance Company. Issue ages: 0-18 Terminal Illness Accelerated Benefit Rider (ABR1) automatically included, at no-cost (where state approved) Premiums stay the same throughout the life of the policy Not available in all states, check Life Approval Chart on Agent website *$5,000 minimum in Washington 6

9 Life Insurance Protection Fundamental Life Series Term life insurance policies with face amounts from $25,000 to $500,000 Issue ages vary based on policy form, gender, and tobacco or nontobacco use Optional riders available for additional premium: disability waiver of premium, child term life, accidental death Term Life Insurance (Premiums stay the same throughout the term) 10-Year Renewable Term to 95 (UL10-20) Initial term lasts for 10 years Term periods expiring before age 61 renew for another 10 years Term periods expiring on or after age 61 renew on an annual basis, premiums are then subject to change annually Not available in: MT, NJ, WA 10-Year Term to Annual Renewable Term (UL10-20) Initial term lasts for 10 years Policy can be renewed on an annual basis at the end of the term Premiums are then subject to change annually Not available in: MT, NJ, WA 20-Year Term to Annual Renewable Term (UL10-20) Initial term lasts for 20 years Policy can be renewed on an annual basis at the end of the term Premiums are then subject to change annually Not available in: MT, NJ, WA 7

10 Annuities Lifestyle Annuity (USPDA02) Single premium deferred annuity Issue ages 0-80 One-time deposit amount of $5,000 to $20,000 (per annuitant, per policy year) Annual interest rate guaranteed never to fall below 3% (renews each year on anniversary date) Payout options: Fixed Amount (specific monthly payments), Fixed Period (monthly payments for a specific period), or Life Income Single ownership Non-Qualified funds only Starting the 2nd year, free withdrawal amount is 10 percent of previous policy anniversary s cash value. No free withdrawal 1st year. 6-year surrender schedule Year percentage 7% 7% 7% 6% 5% 4% Not available in: CO, MA, MN, NJ Reserve Fund Annuity (USFMS) Flexible premium deferred annuity Available with ProCare Med-Supp plans A, B, D, HDF, G, K, or L for policyholders age (65-86 in OK) Guaranteed 3% minimum interest rate Funds can help pay for calendar year Part A and B deductibles and Part B excess charges Funds may be deposited in a lump sum and/or through monthly deposits made with premium payments (minimum deposit $50) Minimum balance $10 No surrender fees Maximum deposits over the life of the contract $70,000 Max $4,280 with Application Max $5,000 per policy year Not available in: MA, MN, NH, NJ, WI 8

11 As you approach your 65th birthday, let me be the first to say Happy Birthday and to remind you of important information regarding your transition to Medicare. At Liberty National Life Insurance Company, we want to help you purchase the right Medicare Supplement for your situation to offset the expenses Medicare doesn t cover. Here s what you should know about Medicare. All Seniors are eligible to enroll in Medicare Part A when they turn 65. Enrollment is automatic through Social Security and premium-free for most people. Enrollment in Medicare Part B is optional and requires a monthly premium of $104.90, which is deducted from your Social Security check. Contact your local Social Security office before your 65th birthday to make sure you receive your Social Security benefits on time and to enroll in Medicare Part B. Medicare Parts A and B will cover many of your hospital and medical expenses, but not all of them. Depending on your health and financial situation, out-of-pocket expenses can add up. A Medicare Supplement insurance plan can help you cover the deductibles, coinsurance, copayments, and some of the excess charges that Medicare doesn't cover. For more than 35 consecutive years, Liberty National has earned the A+ (Superior) Financial Strength Rating from A.M. Best Company (as of 6/12). Every year since 1995, Liberty National has been named to the Ward s 50 Life-Health List. It has demonstrated a long tradition of financial strength and stability. As you begin this new chapter in your life, we want you to feel good about the changes and challenges that lie ahead. A quality Medicare Supplement plan can help you do that. We ll contact you shortly to set up a convenient time to visit with you about your Medicare Supplement needs. (And between you and me, you don t look a day over 55!) For immediate information please call: [Agent/Agency Name at Phone Number, or visit our Branch at Address]. Visit us online at [Agent Name] Liberty National Life Insurance Company is not connected with or endorsed by the U.S. Government [Address or federal Line 1] Medicare program. Policies and benefits may vary by state and have some limitations and exclusions. [Address Individual Line 2] Medicare Supplement policy forms LMSA10, LMSB10, LMSF10, LMSHDF10, LMSN10, LMSC10 in MI & VT, LMC4810 in WI, are available from our Company where state approved. Some states require these plans be available to persons eligible for Medicare due to disability. This is a solicitation for insurance and you may be contacted by an Agent representing Liberty National Life Insurance Company. LNLBDL LNL Place Stamp Here Introductory Products and Lead Generators MedFacts Kit $3,000 Accidental Death Policy Documents name, address, emergency contact, and important medical information Includes Magnet and plastic sleeve to attach Kit to refrigerator Includes stickers for doors to alert medical professionals of Kit s location Useful for any age group, but especially Seniors, those with medical conditions, and those who live alone $3,000 death benefit for primary insured $3,000 for spouse $1,000 for each child in household $10 annual premium not due until end of first policy year Birthday Letter and Reply Card Inserts Perfect for T65 lead lists Happy Birthday! Birthday Letter introduces You, UA & ProCare Add the reply card insert in the Birthday Letter mailing Reply Card has attention grabbing $3,000 ADP offer Return this card for more information Memorial Guide Documents information about an individual s life for use in death notice and eulogy Records who to notify at time of death Spells out final wishes for funeral service and burial Eases stress for survivors by listing location of documents like insurance policies and wills 9

12 The Company Behind the Coverage Since 1947, hundreds of thousands of Americans of all ages have relied upon United American for life and supplemental health insurance protection. The secret to our success, stability, and longevity is the Company s commitment to quality and service. Every decision is made based on what is best for the customer, the Agents, and the shareholders. For more than 35 consecutive years, United American has earned the A+ (Superior) Financial Strength Rating from A.M. Best Company (as of 6/15). We are also rated AA- Stable for Financial Strength by Standard & Poor s (as of 10/15) South Stonebridge Drive McKinney, TX United American Insurance Company. All rights reserved. Not filed as advertising. Not intended to be used with clients. UAI