TransAmerica will be temporarily suspending the sale of their 3% Compound inflation rider from their TransCare II and TransCare III LTC products in ALL STATES.
TransAmerica will continue to offer Deferred BIO, 3% Step-Rated, 5% Step-Rated, Tailored cola (in states where TransCare III is sold) and 5% Compound.
Going forward TransAmerica is reducing the agent compensation when 5% Compound is sold. Agents will receive compensation on only the base premium - not the cost of the rider.
TransAmerica will continue to offer Deferred BIO, 3% Step-Rated, 5% Step-Rated, Tailored cola (in states where TransCare III is sold) and 5% Compound.
Going forward TransAmerica is reducing the agent compensation when 5% Compound is sold. Agents will receive compensation on only the base premium - not the cost of the rider.
Source of insurance-forums.net
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