Holiday Office Hours – Thanksgiving 2017

  Dear Valued Producer, It is at this time of the year that we pause to count our blessings. We are deeply thankful for the freedom of this great country in which we live, our opportunities for success, and the relationship we have with our producers. In appreciation of our hard-working staff, we are closing our Pennsylvania and Maryland offices on the following days:     • Thanksgiving Day, November 23     • Friday, November 24 Our warmest wishes to you and your family. Happy Thanksgiving … Your Friends at United Security Assurance         #goldencareagent #usa #unitedsecurity #thanksgiving
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Categories: Industry News, Long-Term Care, and United Security.

GoldenCare Newsletter | November 20, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Our office will be closed Thursday, November 23rd and Friday, November 24th for the Thanksgiving Holiday. We have two Guest Articles in this edition is  “LTC Product Sales Rise 12%: LIMRA,” by Allison Bell, ThinkAdvisor and ““Q&A Column,” Orlando Sentinel. Enjoy! Compliance: Holiday Solicitation Bans for the Month of November. Maryland Partnership – New Disclosure Requirement Maryland Update- LTC Partnership Disclosure Industry Updates: From Mutual of Omaha: Omaha’s Dental Insurance Now Available on the Mobile Quote App! Dental Insurance now in 29 States Broker Bonus Program Reminder (Legacy) Rate adjustments effective February 1, 2018 – CT,
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Minnesota Life, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

Maryland Partnership — New Disclosure Requirement

Maryland requires that applicants be provided with a disclosure statement about the Long-Term Care Insurance Partnership Program. “Important Disclosure Statement About the State of Maryland’s Long-Term Care Insurance Partnership Program (201304MD 10/01/17)” will meet this requirement. This point-of-sale disclosure must be provided to the applicant(s) when the application for long-term care insurance is completed. It will be provided with the Applicant Material as a “leave behind” disclosure.   Maryland Partnership — New Disclosure Requirement   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (Pre-PCS, PCS I, PCS II)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 18% 72.8% phased 20% / 20% / 20% compounded PCS I 72.8% phased 20% / 20% / 20% compounded 72.8% phased 20% / 20% / 20% compounded PCS II 72.8% phased 20% / 20% / 20% compounded
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage Privileged Choice 72.8% phased 20% / 20% / 20% compounded Classic Select 72.8% phased 20% / 20% / 20% compounded     This rate increase applies to Non-AARP policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Nebraska (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Nebraska has now allowed the following increase: Nebraska Non-AARP Product Series Increase Percentage Privileged Choice 2.0 Privileged Choice 2.1 37.4% 20.0% Classic Select 2.0 Classic Select 2.1 37.4% 20.0%     Nebraska AARP Product Series Increase Percentage Privileged Choice 20.4% phased 15% / 4.7% compounded Classic Select 20.4% 15% / 4.7% compounded     Communications Timeline Servicing agents will receive a list of their impacted policyholders
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Iowa (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Iowa has now allowed the following increase: Iowa Product Series Increase Percentage Privileged Choice 17.9% Classic Select 17.9%     This rate increase applies to both AARP and Non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin November 28, 2017 and will continue throughout the
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Categories: Genworth, Industry News, and Long-Term Care.

Maryland Update – Long Term Care Partnership Disclosure

Insurance producers who offer or sell long-term care insurance policies or contracts must: Advise an individual considering the purchase of long-term care insurance, about the availability and benefits of a policy that qualifies under the Qualified State Long-Term Care Insurance Partnership; Provide a disclosure statement, approved by the Commissioner, to each applicant for long-term care insurance about the Qualified State Long-Term Care Insurance Partnership; and Maintain records demonstrating that the required disclosure statement was provided to each applicant for long term care insurance and make the disclosure statement available to the Insurance Commissioner for inspection. Maryland Update – Long Term
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Categories: Industry News, Long-Term Care, and Transamerica.

Omaha Thanksgiving Office Closing

Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on Thursday, Nov. 23, and Friday, Nov. 24, 2017, for the Thanksgiving holiday.   Thanksgiving Office Closing #goldencareagent #mutualofomaha #thanksgiving
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“We’re so unprepared for finding an Alzheimer’s treatment”

“We’re so unprepared for finding an Alzheimer’s treatment,” by Carolyn Y. Johnson, The Washington Post “The U.S. health-care system is unprepared to cope with the Alzheimer’s crisis — even if there were a treatment in the near future, according to a new study. If there were a treatment for Alzheimer’s in 2020, the study found that people would have to wait a year and a half for access because of a shortage of specialists and equipment to diagnose and treat the disease. An estimated 2.1 million people could develop dementia while waiting for treatment over the next two decades, researchers
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Categories: Industry News and Long-Term Care.