Mar 22, 2024
The anticipated closing date of April 1, 2024 for the sale of Anthem’s Life and Disability business from Anthem's parent company to StanCorp Financial Group (The Standard) is fast approaching. Both companies have been partnering closely to ensure a smooth transition for all.
Here are five things they want you to know today:
1. Client Success Team
The Standard has created a client success team to ensure transitioning Anthem Life customer needs are met. More information will be available following the close.
2. Expertise and Contact Information
Anthem Life’s experts in billing, enrollment, and claims are transitioning to The Standard, ensuring business as usual. Contact information such as department email addresses and phone numbers remain the same.
3. New Business
For new business, The Standard will honor all Anthem Life quotes released before April 1, and those sales will remain on Anthem Life paper. For quotes after April 1, those sales will be written on The Standard paper.
4. Renewals
For renewals, The Standard will honor all negotiated rates before April 1. All renewals will remain on Anthem Life paper.
5. Commissions
Your commissions will continue to be paid as they are today, and your appointments will transfer. There will be no changes or disruptions to the way commissions are currently handled and no action required other than to maintain the renewal for your appointments.
Anthem and Standard will be providing more information immediately after the close. They are excited about the future of this partnership. The Anthem Broker Hub will include a detailed FAQ with updates from both Anthem and The Standard.
Your Amwins Connect team is here to support you and keep you updated. Stay tuned for more details.
