GoldenCare Newsletter | December 19, 2016 Edition

From GoldenCare: Ring in 2017 with our End-Of-Year Grand Finale!  Catch up on all the moves, shake-ups and changes that happened in 2016 and get a jump on your success in 2017. Reserve your seats: Wed, Dec 28, 2016 10:00 AM  to  10:30 AM CST Thurs, Dec 29, 2016 2:00 PM  to  2:30 PM CST Our Guest Article is “The Tax Benefits of Long Term Care Insurance” by Maryalene LaPonsie, U.S. News and World Reports.   Enjoy! Minnesota Life / Securian now has Client Videos on YouTube!  See the newsletter to check out some of their most popular videos. GTL has
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Required Information for North Carolina Distribution Partners

Important Notice to our North Carolina LTC Distribution Partners and Producers regarding the Discontinuance of Individual LTC Insurance Sales As detailed in our November 10, 2016 Newslink, after a recent analysis of the macro-economic trends facing the long-term care (LTC) insurance industry, we have made the difficult decision to discontinue sales of our individual LTC insurance policies in all states. PLEASE NOTE: In North Carolina, we are discontinuing sales of the policy series ICC14-LTC-15 and ICC14-LTC-15U. As many of you well know, the distribution landscape for LTC insurance has shrunk significantly since the peak of the industry in 2002. Today,
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Categories: Industry News, John Hancock, and Long-Term Care.

Next Round of In-force Rate Action Notifications to Take Place in Late December

In late December, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after March 1, 2017. We will continue the implementation of the 2013 rate increase for John Hancock LTCI individual policies originally issued in Arkansas and Oregon for policyholders who have received an initial “capped” or “phased-in” increase. Also impacted as Fortis LTCI individual policies originally issued in Ohio, Oregon, Nevada and West Virginia. Additionally, we will continue the implementation of the 2010 rate increase for
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Categories: John Hancock and Long-Term Care.

GoldenCare Newsletter | November 21 2016 Edition

In this GoldenCare Newsletter Edition From GoldenCare: The GoldenCare Office will be closed Thurs, November 24th &  Fri, November 25th, for the Thanksgiving Holiday. Please see the newsletter for details on our current promotions! ★ 3-in-1 Promotion (Mutual of Omaha LTCi & Minnesota Life CareShield) The Race To The Finish Line Has Begun! ★ CareShield Sales Incentive Program Downtime during the holidays is the perfect time to brush up on sales skills or learn a new product!   Check out our hot webinar topics and join us for a product demo. Our Guest Article is “Majority of Consumers Nearing or in
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Categories: Genworth, GoldenCare News, Industry News, John Hancock, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Important Update on our Individual LTC Insurance Products

This is to inform you of an important development concerning our long-term care (LTC) insurance product portfolio. John Hancock has recently completed another comprehensive claims study, which we generally conduct every three years and which examines the usage trends for our insured population. Similar to our previous analysis, the new data demonstrates that claims, particularly at higher ages, continue to last longer than expected, and more policyholders are initiating claims at older ages than previously expected. Based on that data, we have determined that there is a need to increase premiums on certain policy series. As a result, this month,
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Categories: John Hancock and Long-Term Care.

Good News | Omaha Announces Their Continued Commitment To The Market

Amidst Industry Unrest, Omaha Announces Their Continued Commitment To The Market In the wake of John Hancock’s announcement about exiting the Individual LTCi market, many agents are left feeling uneasy. Especially considering LifeSecure’s exit was mere weeks ago. Mutual of Omaha just made an announcement reiterating their commitment to the long-term care insurance market. Click Here to read Mutual of Omaha’s announcement. With this line of business being so incredibly important…   Continued… Read Full Good News Announcement
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Categories: GoldenCare News, Industry News, John Hancock, Life Secure, Long-Term Care, and Mutual of Omaha (& Affiliates).

Important Notice: Discontinuance of Individual LTC Insurance Sales

November 10, 2016 To our LTC Distribution Partners and Producers: After a recent analysis of the macro-economic trends facing the long-term care (LTC) insurance industry, we have made the difficult decision to discontinue sales of our individual LTC insurance policies in all states. As many of you well know, the distribution landscape for LTC insurance has shrunk significantly since the peak of the industry in 2002. Today, there are far fewer outlets through which individual LTC insurance is sold, impacting the growth potential of the product. In addition, consumer demand for individual LTC insurance has fallen and remains stagnant. These
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Categories: Industry News, John Hancock, and Long-Term Care.

Important Year-End Reminders

The countdown to year end is on, and our focus will be on helping you achieve a strong finish. For cases you are targeting to include in your 2016 sales results, please note the key submission deadlines outlined below. The following deadlines will ensure completion of underwriting, issue and case payment by December 30, 2016. New Business and Underwriting Deadlines Submission Details December 9 Submission of all outstanding underwriting and administrative requirements on your pending cases to LTC New Business. December 21 All checks to put policies in force received in LTC New Business.     If you have questions,
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Categories: John Hancock and Long-Term Care.

GoldenCare Newsletter | October 10, 2016 Edition

In this Edition This edition is jam packed with the latest announcements and news from all the Top Carriers! From GoldenCare:  Our full list of complimentary agent training events, attend a session on one of our popular topics. Our 3-in-1 Fourth Quarter Promotion has begun!   It’s the race to the finish line.   October 1st through December 31st.   See the newsletter for terms and conditions and get your Mutual of Omaha LTCi apps in for cash and a chance to win the grand prize – a 3 year lease on a brand new Ford Mustang! Our Guest Article is
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Life Insurance, Life Secure, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Performance LTC Policyholder Statements

In May, John Hancock began mailing annual statements of benefits to Performance LTC policyholders based on policy anniversary dates. These statements provide policyholders with a snapshot of the benefits and features of their long-term care insurance policy and also include an in-force illustration. We have created an annotated sample statement to be used as a training tool, which highlights specific rules around how the Flex Account feature works. Visit www.jhltc.com (Producer Support>>Annual Statements) #goldencareagent #JohnHancock
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Categories: John Hancock and Long-Term Care.