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.

Transamerica: Holiday Closure & Early Closing, Nov. 23-24

The Transamerica Long Term Care administrative office in Plano, TX will be closed Thursday, Nov. 23, and will close at 2 p.m. on Friday, Nov. 24, 2017, in honor of the Thanksgiving holiday. 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 and Early Closing, Nov. 23-24 #goldencareagent #transamerica
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Categories: Industry News and Transamerica.

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.

New Withdrawal/Surrender Request Form for Internal Replacements

Effective December 1, 2017 we will now require the Withdrawal/Surrender Request form  WithSurr0917 to be completed and sent to New Business when doing an Internal Replacement of an existing policy. This form is required prior to printing any internal replacement policy and is only required on non-1035 applications. It is available for download on TAANI under Forms Finder. It can also be attached and submitted with the application in iGO. On the form, you will need to complete the following sections: Section 1, completed in its entirety Section 2, under “Surrender Options” — In special instructions provide the following verbiage
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Categories: Industry News, Life Insurance, and Transamerica.

Five Tips to Avoid Medicare Supplement Application Delays

Give your clients the facts and put them at ease This year’s Medicare Advantage Annual Election Period (AEP) and the Medicare Advantage Disenrollment Period (MADP) are upon us. Annual enrollment runs from October 15 to December 7. We know you’re busy, so here is a quick reference list to get you through some of the situations you may face when selling Medicare Supplement insurance. The following five scenarios will require additional information at the time of application to avoid processing delays. Coming off a Medicare Advantage Plan because the plan is no longer offered The applicant will need to send
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Categories: Industry News, Medicare Supp./Adv., and Transamerica.

GoldenCare Newsletter | November 6, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Join us for a very special event generate TODAY!   Generate prospects with this complimentary Award Winning Health and Wellness Hub. Register Now See our full list of hot training topics and register for an event today! We have two Guest Articles in this edition is  “Why LTC Needs to Be Included in a Retirement Plan: Part 1,” by Sandra Timmerman, ThinkAdvisor and “IRS Issues Long-Term Care Premium Deductibility Limits for 2018,” ElderLawAnswers. Enjoy! Industry Updates: We have many Industry announcements in this edition: From Mutual of Omaha: See the Newsletter for a Quick Tip on Quoting
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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.

Transamerica: New Business Phone Lines Closed Noon – Close 11/6

Both the Final Expense and Medical Supplement New Business phones lines will be closed on 11/6/17 from noon to close CST. We have an all-employee team meeting, then will be focusing our staff on processing and placing policies for the remainder of the day. If you have an immediate need, please email us at FinalExpenseNewBus@Transamerica.com or MedSupNewBus@Transamerica.com.   #goldencareagent #transamerica
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Categories: Industry News, Life Insurance, Medicare Supp./Adv., and Transamerica.

GoldenCare Newsletter | October 23, 2017

In this GoldenCare Newsletter Edition From GoldenCare: See our full list of hot training topics and register for an event today! Our Fall 2017 GoldenCare Gazette is Now Available!!  Get your copy in this edition. Our Guest Article in this edition is  “Why Your 50s Are a Good Time to Begin Thinking About Long-Term Care,” by Geoff Williams, U.S. News & World Report Enjoy! Industry Updates: We have many Industry announcements in this edition: From Mutual of Omaha: November is just around the corner, Mutual’s sales ideas booklets can help you heighten consumer LTCi awareness. Get information on Mutual of Omaha’s Mutual
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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.

Long Term Care Update: Connecticut Rate Change

October 17, 2017 Transamerica Life Insurance Company remains committed to you and to the long term care insurance market. As such, it’s important that we modify our premium rates for new TransCare® II business to reflect actual claims experience by policyholders. These rate changes will also maintain consistency in our pricing across our product portfolio which will allow Transamerica Life Insurance Company to remain highly competitive within the marketplace. These refreshed rates are exclusively for new sales of TransCare II in the state of Connecticut and will become effective 7 a.m. CT October 31, 2017.   Transition Deadlines To receive
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Categories: Industry News, Long-Term Care, and Transamerica.

Transamerica: Updated Underwriting Guidelines

We’ve made available updated underwriting guidelines to include premium to income guidelines intended to provide a general formula to help you calculate suggested maximum amounts of life insurance that should meet the needs of your clients. View the new guidelines now or you can access the guidelines through your agent portal. If you have any questions, don’t hesitate to contact your sales desk. Thank you for trusting Transamerica to protect your valued clients.   Updated Underwriting Guidelines   #goldencareagent #transamerica
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Categories: Industry News, Life Insurance, and Transamerica.