“Americo Introduces a Single-Premium Immediate LTCI Policy”

“Americo Introduces a Single-Premium Immediate LTCI Policy,” by Allison Bell, ThinkAdvisor “Americo Financial Life and Annuity Insurance Company has introduced an unusual product: a single-premium long-term care insurance (LTCI) policy aimed at people who already need long-term care (LTC) services. . . . To be eligible to have the policy, and to get the benefits, policyholder must be age 65 or older. The policyholder also must already need substantial assistance with at least two “activities of daily living,” or need substantial supervision due to dementia or some other form of cognitive impairment.” LTC Comment (from Stephen A. Moses, President, Center
Read More

Categories: Industry News and Long-Term Care.

“Critics say pressure to lower hospital readmissions may be backfiring”

“Critics say pressure to lower hospital readmissions may be backfiring,” by Kimberley Marselas, McKnight’s LTC News “Five years after financial penalties went into place for hospitals with high readmission rates, experts are questioning whether falling return rates mean patients actually are faring better. In an analysis by STAT, some skeptics say fewer readmissions belie a darker truth — that hospitals are taking shortcuts, and in some cases compromising patient care, to avoid financial pain and public embarrassment.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Prices in free markets express consumers’ preferences and best interests. Unfortunately,
Read More

Categories: Industry News and Long-Term Care.

Quick Tip: Quoting with MutualCare® Solutions Software

Scenario: The clients you’re meeting with are planning their retirement and are considering Long-Term Care insurance to achieve their goals. They also wish to leave an inheritance to their adult child, which means they place great important on the dollar-for-dollar asset protection afforded by their state’s Partnership Program. Mutual of Omaha’s Custom Solution plan offers so many inflation options, how can you be sure the option elected will meet Partnership requirements based on their ages? This information is readily accessible through the MutualCare® Solutions software, using the “Pick Inflation” button:   The resulting popup shows information accurate to the state
Read More

Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | December 18, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event!  Voucher does not apply in KY. SPECIAL:  We are honored to bring you one of the most influential and respected people in long-term care for this year’s Industry Updates 2017 Grand Finale, Steve Moses, President of the Center for Long-Term Care Reform! This is a must-see presentation that will not repeat! Reserve your seats for this special event now, Click Here. Our Guest Articles in this edition are  “The cost of caregiving: ‘A sacrifice for our
Read More

Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Transamerica, and United Security.

Transamerica: Holiday Closure, Dec. 25

The Transamerica Long Term Care administrative office in Plano, TX will be closed Monday, Dec. 23 for the holidays. Please allow additional time if necessary to order and receive materials during that time. Much of the important materials and resources you may need will be continue to be available on our Agent Resource Center. Holiday Closure, Dec. 25 #goldencareagent #transamerica
Read More

Categories: Industry News and Transamerica.

New LTCi Partnership Disclosure for Maryland

The Maryland Insurance Administration recently issued a bulletin requiring LTCi producers to advise potential purchasers of long-term care insurance about the availability and benefits of a Qualified State Long-Term Care Insurance Partnership (“Partnership”) policy. The law also requires producers to provide a disclosure statement about the Partnership to each applicant for long-term care insurance. This disclosure has been added to the LTCi Maryland application packet, the e-app and sales professional access (SPA) and should be utilized for new partnership LTC sales. To learn more about LTC Partnership Programs, click here.   New LTCi Partnership Disclosure for Maryland   #goldencareagent #mutualofomaha
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

DI Success Tips-Common Medical Conditions

When your client has a medical condition, it does not necessarily mean they won’t be considered for Disability Income Insurance. Here are some common medical conditions that can still be covered. Hypertension — this is something you may encounter often. Your client may be issued coverage if they have condition well controlled and are diligent about medical follow-ups. Diabetes — this will require a medical records review. If your client is well-controlled with an A1c of 7.0 or less, on one oral medication, does not have high blood pressure and is at a healthy weight, they should be issued coverage.
Read More

Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Rate Adjustments Effective March 1, 2018 – ND

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective March 1, 2018: Block of Business Impacted States LTC06UI North Dakota     For a complete rate history, see the
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation Bans for the Month of January 2018

Please be aware of the following holiday telephone solicitation ban for the month of January. On Monday, January 1, 2018: Alabama, Louisiana, Mississippi, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of New Year’s holiday On Tuesday, January 2, 2018: Louisiana prohibits unsolicited marketing calls to residents in observance of an additional Governor-declared holiday for New Year’s holiday On Monday, January 8, 2018: Louisiana prohibits unsolicited marketing calls to residents in observance of the Battle of New Orleans On Monday, January 15, 2018: Alabama, Louisiana, Mississippi, Rhode Island and Utah prohibit unsolicited marketing calls to residents
Read More

Categories: Industry News and Mutual of Omaha (& Affiliates).

Living Promise iPipeline e-Application Update

On December 16, 2017 we updated our Living Promise (Final Expense) iPipeline e-Application by improving and consolidating screens and adding additional features – all while providing you with a smooth transition process. What’s New Updated Screens Screen Consolidation — fewer screens to click through to complete the e-App Address Prefill — when a user begins typing an address the system identifies it and displays a drop-down list of addresses to choose from Finger Signing on Touch Screen Devices — the user has the option to e-sign the Living Promise e-App using the finger sign option on a touchscreen device Combination
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).