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MedAmerica Ceases Simplicity ii Sales

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 24 Sep 2013   Posted by Terese Chanel

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MedAmerica is a company exclusively dedicated to the long term care insurance industry. Over the past 18 months, they’ve experienced unprecedented growth in new sales. Given the current low interest rate environment and ever changing market dynamics, MedAmerica is making the following changes to their product portfolio:

  • Cease sales of Simplicity ii individual and Simply Business Programs
  • Flex Care Multi-Life program minimum now three W-2 employees
  • Removal of credit card payment options for all products
  • Preferred discount will now be 5% as states approve
  • Married 1 discount will now be 10%; Married 2 discount will now be 25% as states approve

Important Dates:

  • October 11: Last date to sign Simplicity ii applications and use credit card payment
  • October 12: Simplicity ii sales cease
  • October 18: Last day to get Simplicity ii applications into MedAmerica

Please contact your LTC Sales Rep for more information.

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Terese Chanel
Written by Terese Chanel


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