2021 Updates from SBS: Carrier Releases, Blog Posts, Rate Adjustments

A lot can happen in a year! To help our insurance agents we've put together what happened in 2021. This includes carrier updates, new blog posts, Medicare Supplement rate increases and more! If you are working in the senior insurance market then scroll down to check out what's going on this year!
Contact Senior Benefit Services

September 17, 2021

Rate adjustment notice for VA

Rate adjustments to Medicare Supplement product coming soon

Cigna is committed to helping customers enjoy a healthy and happy life. That’s why they are excited to announce that Starting October 1, Cigna Health and Life Insurance Company (CHLIC) will implement the following rate adjustments for Medicare Supplements in Virginia:

11.2% decrease on Plan F
4.6% decrease on Plan G
6.2% decrease on Plan N

Click To Request Rates

The CHLIC Medicare Supplement plans are a great value for your customers

The CHLIC Medicare Supplement plans will continue to provide their customers the same coverage which includes these additional customer programs*:

24-Hour Health Information Line
Vision and hearing discounts
Health and wellness discounts
Fitness club and equipment discounts

For your current customers with an in force CHLIC Medicare Supplement policy, they will receive the decrease for their plan approximately 12 months from their most recent rate adjustment.

Contact Senior Benefit Services

Email Marketing

*These programs are NOT insurance and do not provide reimbursement for financial losses. Program availability may vary by location and is subject to change. Services may be added or discontinued at any time. Customers are required to pay the entire discounted charge for any discontinued products or services available through these programs. Programs are provided through third-party vendors who are solely responsible for their product and services.

September 10, 2021

Atlantic Coast Life Is Now Offering A Plan F Medicare Supplement in 20 States

With the recent additions of Colorado, Iowa, Oklahoma, and Virginia Atlantic Coast Life now offers a Plan F Medicare Supplement in 20 states, with more states to come. Want more information. Click the button below to request the rates or log in to to Atlantic Coast’s Agent Portal to access the forms.

Click Here To Request Rates

Check Out all the states Atlantic Coast Is Offering Plan F Below

Contract With Atlantic Coast Life

Complete your contracting today with our online Express Contracting! – Click Here – to get started!

Contact Senior Benefit Services, Inc.

Email Marketing

September 10, 2021

ICYMI: 12.5% Cash Bonus on Med Sup Business with Americo and Great Southern Life

How to Qualify

Produce at least $30,000 of annualized premium between September 1st, 2021 and February 28th, 2022. First premium payment for each qualifying policy must be applied during the qualification period and 70% of applications must be underwritten. Bonus payments will be based on the following:

	15% Bonus on Plan N
$30,000 and above =	15% Bonus on all Plans in MN
	12.5% on all other Plans

Turn Your AEP Success In To Holiday Cash

You don’t have to wait to get paid! Meet the UFirst Rewards requirements by November 30, 2021 and receive a bonus check in December! Earn an additional bonus check at the end of the qualification period when you continue to write qualifying business. There’s no limit on how much you can earn!

Click the Image Below for the Complete Details!

Contract With Americo and Great Southern Life

Complete your contracting today with our online Express Contracting! – Click Here – to get started!

Contact Senior Benefit Services, Inc.

Email Marketing

September 7, 2021

To help celebrate the launch of their Brand New Advantage Plus Elite Plan GTL has announced their September Bonus Program. Haven’t heard the news about the new Advantage Plus Elite Plan? Click the buttons below to learn more!

Checking out GTL’s Announcement Video here..

Learn More About What’s New.

Get an additional $20 Per Advantage Plus Elite application! * Just write a minimum of 5 Advantage Plus Elite Applications that are signed, dated and submitted from 9/1/21 – 9/30/21

Bonus Program Details:

*Must submit a minimum of 5 Advantage Plus Elite, applications to qualify between 09/1/2021 and 09/30/2021. GTL will pay the per application bonus on qualifying business on applications submitted, signed and dated between September 1 and September 30, 2021. All applications must be received at the home office no later than 10/10/21 and must be effective, issued, paid and inforce on 10/31/2021 to qualify. Bonus excludes any hospital indemnity internal replacements. Payouts will be processed no later than November 31, 2021. Guarantee Trust has the exclusive right to change the program rules and payout amounts. Participation is based on meeting production minimums and the agent must be in good standing with GTL and comply with all state insurance rules and regulations. Split cases are not eligible. Business written on self or immediate family members will not count toward qualifying production. Premiums under $20 monthly EFT or $240 annually do not count toward qualifying production. Qualifiers must maintain a minimum persistency on qualifying business.

Don’t Miss Out On Offering This Industry Leading Plan And Getting a Bonus for Doing it!

Reach Out To the Marketing Department Today For more Information and to get started! Use the contact information below or simply reply to this email.

Email Marketing

September 3, 2021

HUGE NEWS FROM GTL!

Now Available: Advantage Plus® Elite

The newest and best Hospital Indemnity Insurance in the market is now available! The Industry Leader in Hospital Indemnity Plans has announced major plan improvements! Currently available in 24 states (with more coming soon) the GTL Advantage Plus Elite plan will be a must have for any agent working in the Senior Insurance Market.

Checking out GTL’s Announcement Video here.

If you are not contracted with GTL’s Advantage Plus Plan can start the appointment process here:

Contract With SBS

What Makes This New Plan Truly Elite?

Base Benefits Kick in After 6 Hours

Easier Benefit Triggers

Lower Base and Rider Rates

Easier Underwriting

More Base Plan Choices

Instant Issue and Policy Fulfillment

Where is Advantage Plus Elite Currently Available?

Now available in 24 states with more states coming soon! In the meantime the ‘old’ Advantage Plus plan is still available.
(Any applications for the ‘old’ Advantage Plus Plan in the newly released states must be signed and received by 9/15 in order to be accepted)

Want Another Reason to Get Excited About this Plan?

GTL Announces their September Bonus Program!

Get an additional $20 Per Advantage Plus Elite application! * Just write a minimum of 5 Advantage Plus Elite Applications that are signed, dated and submitted from 9/1/21 – 9/30/21

Don’t Miss Out On Offering Your Clients This Industry Leading Plan!

Reach Out To the Marketing Department Today For more Information and to get started! Use the contact information below or simply reply to this email.

Email Marketing

Bonus Program Details:

August 27, 2021

Great News! New Lower Great Southern Life Rates in Maryland and West Virginia!

Great Southern Life (or GSL) is excited to announce lower Medicare Supplement rates and new underwriting changes to help you place more cases!
In addition to lower rates, GSL will be adding an additional underwriting class to help approve more applicants. With this new underwriting class, an application that may have been previously declined, could now receive a modified offer with a 15% higher premium rate.

You can use GSL’s 100% instant decision eApplication to access the new rates and underwriting class beginning September 1st, 2021.

Click To Request Rates

Check out the full rate change updates below.

Maryland

Plan A -0.5% Decrease
Plan F – 1.4% Decrease
Plan G – 0.5% Decrease
Plan N – 6.1% Decrease

West Virginia

Plan A – 0.5% Decrease
Plan F – 0.5% Decrease
Plan G – 0.5% Decrease
Plan N – 6.1% Decrease