The South Dakota Advantage Plus outline of coverage has been revised. The only change is the Pre-existing Limitation is 6 months instead of 12 months. Any new policyholders will also have this revised pre-existing condition time. You may begin to use the new outlines immediately. Order New Outlines Today: Contact GTL’s Sales Support at (800) 323-6907 or agency@gtlic.com to request you new South Dakota Advantage Plus outlines. You can also access the new outline and supply order forms online immediately through GTLink, from our website (www.gtlic.com/agent-connection.html). The Agent Portal, iPad and mobile phone app will be automatically updated with the
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TrueView Underwriting: Because Nobody’s Perfect
Long-Term Care Insurance is important to you and your clients… whether they’re in perfect health or not. Do you have clients you assume would never qualify for long-term care insurance due to conditions like diabetes, prostate cancer or hepatitis B? Well, it’s time to take another look! TrueView’s improved underwriting processes address the real needs of real people. Check it out. TrueView Underwriting: Because Nobody’s Perfect #goldencareagent #Genworth
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Genworth and Long-Term Care.
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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New Wisconsin Third Party Designee Notice
Effective immediately, notifications will be sent to policyholders in the state of Wisconsin and their designated third party when a new policy is issued, or when the policyholder changes their designated third party. The notice instructs the person to correct their name and address if needed, and explains their rights and duties as a designated person. A copy of the notice is also sent to the producer. If you have any questions, contact Mutual of Omaha’s Long-Term Care Service Office at 877-894-2478.
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“More LTC Policy Collapses,” by Ben Mattlin, Financial Advisor
“In early December, two insurance units of Allentown, Pa.-based Penn Treaty American Corp. that focused on long-term care (LTC) became the latest in a series of LTC insurers to declare failure. Though relatively small carriers, their liabilities were estimated to be dauntingly large” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Article cites Center friend Brian Gordon of corporate member MAGA. When contemplating Penn Treaty’s fate, it’s important to consider the federal government’s “unsustainably low premiums,” “reckless underwriting standards,” and unfunded liabilities for Social Security, Medicare and Medicaid, somewhat larger and more vulnerable LTC payment sources
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Check it out – Client videos now on YouTube
YouTube: An easy way to view our client videos Looking for an easy way to access and share our consumer videos? You’re in luck! Check out Securian’s YouTube channel to view some of our most popular videos, including: • Benefits of Term Life Insurance • Benefits of Permanent Life Insurance • Understanding Cash Value Life Insurance • Life Insurance as a Financial Tool (LIFT) Overview Don’t forget to subscribe to Securian’s YouTube channel, so you never miss out on our latest video updates! Check it out – Client videos now on YouTube #goldencaragent #MinnesotaLife
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“7 clues from the House long-term care insurance hearing,” by Allison Bell, LifeHealthPRO
“Boston-based John Hancock Insurance recently increased premiums for most of the federal workers in the Federal Long Term Care Insurance Program by an average of 83 percent. Federal employees asked Congress to organize a hearing on the rate hike. Democrats took up the cause. Rep. Mark Meadows, R-N.C., the chairman of the Government Operations Subcommittee, part of the House Oversight and Government Affairs Committee, scheduled a hearing on the matter for Nov. 30. … Here’s a look at some of the highlights from the hearing, drawn from a video of the hearing posted on the committee website:” LTC Comment (from
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“Small Insurers’ Big Collapse Reflects Deep Industry Woes,” by Leslie Scism, Wall Street Journal
“Two insurance units of Penn Treaty American Corp., which have combined assets of about $600 million and projected long-term-care claims liabilities topping $4 billion, are on track to be liquidated early next year, according to filings in a state court in Harrisburg.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Long, depressing process playing out finally. Article quotes Chief Actuary Vincent Bodnar of Center corporate member LTCG. Small Insurers’ Big Collapse Reflects Deep Industry Woes Reminder: The Wall Street Journal is gated. #goldencareagent
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“Alzheimer’s screening that takes 5 minutes?,” by John O’Connor, McKnight’s Senior Living
“Neurotrack Technologies has announced the unveiling of an app that can conduct Alzheimer’s screenings in as little as five minutes. Here’s how it works: A browser-based app screens users for signs of cognitive decline based on eye movements as they observe several images. This approach offers a quicker alternative to tests that can take a half hour to complete in a physician’s office, according to the firm.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Field underwriting tool? Alzheimer’s screening that takes 5 minutes? #goldencareagent
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Happy Holidays from United Security Assurance
Wishing You… As the year ends, we think about all that we are grateful for, and our relationship with you is one of the most important things we treasure. Thank you for the opportunity to serve you and your clients. We wish you and your family Happy Holidays and much success in the New Year. The Management and Staff of United Security Assurance A Holiday Message The past year has brought many challenges to United Security Assurance. We have experienced the highs and lows of an ever changing industry. I would like to take this opportunity to sincerely thank all
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