COVID Impact on Renewal 2021

As you can imagine, COVID19 was a major factor for insurers this past year. At the start of the pandemic, most insurers were refusing to cover COVID19. We took the opposite approach. We agreed with Aetna on an extraordinary measure: To treat COVID19 just like any other condition. Our members could have peace of mind that our policies covered them, and would continue to cover them even if something on a global scale should happen.

Almost 20 years ago Talent Trust was in a similar position. After the attacks on the World Trade Center in New York, almost all insurers included a clause in their policies that terrorist incidents would no longer be covered. Talent Trust pushed back ensuring our members would be covered when other insurers found ways to get out of paying for things.

You can know that should the worst happen Talent Trust will be there in your time of need.

However, there were significant concerns that insuring for COVID19 could generate huge claims, and we did see a number of COVID19 travel and medical claims throughout the year. Recently we have also seen other insurers implementing significant increases now that they have belatedly included COVID19 cover.

But God is so faithful and honored the stance that we took.

COVID Impact on Renewal 2021

Now, instead of having to raise prices, we are in the amazing position of reducing premiums on our Alpha and Omega policies. This is even more incredible because we have not increased our rates since 2018. Our 2021 premiums are now lower than in 2017.

At the same time, we are able to make significant improvements to our benefits.

Here is what we are improving for 2021 (please note changes will take effect for all policies renewing on or after May 1st 2021):

vHealth Reducing Premiums

A major factor that has helped keep our claims down this year has been the increase in the utilization of our vHealth service. vHealth allows you to video call with a doctor from anywhere in the world, 24/7, and it is free to use with all of our policies.

Last year utilization of vHealth went from 5.1% to over 45%.

If you haven’t already signed up to vHealth you can download the app for Apple and Android. It helps us continue to keep premiums down and is a convenient way to have the doctor come to you, reducing COVID risk and wait times.

Saw Ai

Many have experienced grief and loss over the past 12 months. Our friend and colleague Saw Ai was called home to be with the Lord on Sunday, 28th of March 2021. Saw Ai was a dedicated and much-loved member of our team and had served with us for almost 23 years, she truly embodied who we want to be at Talent Trust.

Saw Ai was working until January 6th when she went for tests for discomfort in her leg. This unexpectedly led to a cancer diagnosis.

Saw Ai loved serving others and impacted many lives. She will be greatly missed.

Many of you have seen our post on social media, and have written to us. If you have a memory of Saw Ai that you would like to share with her family, please email that to us at [email protected], we will compile these and share these with them.

Thank You

Thank you for your continued support as we continue to provide you with resources to stay physically, mentally, and financially healthy.

We are now more active on social media so please help us let more missionaries know about the great products and services we offer. Especially the great news that plans are cheaper than they were 4 years ago. Please like, comment, and share with a friend.

Related News

2022 Renewal Update

2022 Renewal Update

The History of Our PremiumsYear on year, most people are used to seeing regular increases in their insurance premiums.  It is usually a very rare, but pleasant, surprise when you get a renewal notice saying that your rates haven’t changed. For many years we were no...

Are Mental Health Issues Affecting Your Ministry?

Are Mental Health Issues Affecting Your Ministry?

Are Mental Health Issues Affecting Your Ministry?I hope that 2020 has started well for you. At TTc we have been busy working on big improvements that we will be rolling out over the course of the year. For example we are focusing more on our members wellness instead...



COVID-19As you are aware China has been experiencing an epidemic of the Novel Coronavirus (COVID19), which has spread to many other nations, and there are concerns that this could become a global pandemic. We have received a number of questions and concerns regarding...