GoldenCare Newsletter | January 30, 2017

From GoldenCare: GoldenCare’s updated 2017 Individual Tax Guide is now available!  Download your copy from the newsletter. Reminder! Partnership Certification and 4-Hour Refresher!   For all LTCi agents who took their initial 8-Hour Partnership Certification prior to January 2015: Producer requirements for training continuation states.  See newsletter for your state’s training requirements. Our Guest Article in this edition is “Consumer Facing Insurance Educational Platform, Agent Review Creates Clients’ Choice Award,” PRNewswire. From Mutual of Omaha:  New Critical Advantage Portfolio to release February 1, 2017!    Mutual of Omaha will be releasing a new Critical Illness, Cancer, Heart Attack and Stroke portfolio: Critical
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Categories: Genworth, GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Mutual of Omaha’s Anti-Money Laundering Training

REMINDER! Federal regulations require all life insurance companies to provide ongoing Anti-money laundering training for their producers who sell permanent life insurance and annuity products. Mutual of Omaha contracted with LIMRA to provide the anti-money laundering training you need at no cost to you. Courses Required Anti-Money Laundering for Insurance Producers Renewal Course — Elder Financial Abuse and Money Laundering – Anti-Money Laundering for Insurance Review Instructions to Take the Course It’s easy to find what you need to recertify: Got to LIMRA’s AML Training Login page: https://knowledge.limra.com/LimraLogin.aspx Enter your LIMRA username — it is your National Producer Number (NPN)
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

US Holiday Telephone Solicitation bans for the month of February 2017

Please be aware of the following U.S. holiday telephone solicitation bans for the month of February. On Monday, February 20, 2017: Alabama, Louisiana, Mississippi, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of President’s Day On Tuesday, February 28, 2017: Alabama and Louisiana prohibit unsolicited marketing calls to residents in observance of Mardi Gras US Holiday Telephone Solicitation Bans for the Month of February #goldencareagent #MutualOfOmaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Avoiding Common DI Application Mistakes

Small things can make a big difference. That’s certainly the case when it comes to saving time and effort in getting your DI business issued. Avoid five common mistakes and see how good application habits can help get your clients protected faster. Click Here, or on the image above, to view the video. #goldencareagent #MutualOfOmaha
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Categories: Disability Income Insurance and Mutual of Omaha (& Affiliates).

In-Force Rate Action Announcement: Minnesota AARP (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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. At the time, larger increases were justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In 2016, we began requesting the full amount in states that previously allowed our 2013 ask. Minnesota has
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Maryland (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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequent to that announcement, we received approval for, and implemented, a 12.8% premium increase in Maryland. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In
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Categories: Genworth and Long-Term Care.

“Consumer Facing Insurance Educational Platform, Agent Review Creates Clients’ Choice Award,” PRNewswire

“‘Agent Review is proud to add another level of creditability for its insurance agent subscribers, beyond Verified Agent status, by creating the Clients’ Choice award,’ states Jonas Roeser, Co-Founder and CEO. Agent Review brings the review model made popular by Yelp and Angie’s List to the insurance space.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Congratulations to Jonas and AgentReview co-founder Harley Gordon, longtime friends and supporters of the Center for Long-Term Care Reform.  Consumer Facing Insurance Educational Platform, Agent Review Creates Clients’ Choice Award #goldencareagent
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Categories: Industry News and Long-Term Care.

“What Medicaid Block Grants Would Mean For Seniors,” by Howard Gleckman, Forbes

“The various GOP proposals floating around Capitol Hill would cap that federal contribution at a fixed dollar amount. As costs rise, the states would be on the hook for the extra expense. They’d have to either cut benefits, cover fewer people, or raise taxes to finance the extra costs. …  To start, Medicaid LTSS benefits are already insufficient in most states. Payments to nursing homes are so low that many quality facilities are abandoning the long-term care business.  And Medicaid home care benefits rarely provide enough assistance for seniors or younger people with disabilities.” LTC Comment (from Stephen A. Moses, President,
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Categories: Industry News and Long-Term Care.

“How baby boomers are changing senior living community design,” McKnight’s Senior Living

“As changing consumer preferences and payment models lead some developers and operators of nonprofit and for-profit senior living communities to reduce the number of skilled nursing beds in their offerings, they are looking for ways to repurpose and update space and build new communities to cater to a different type of resident. Baby boomer preferences are influencing their design decisions, according to three: living architecture.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We’ve expected boomers to influence senior living designs for many years.  But now it’s really happening.  How baby boomers are changing senior living
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Categories: Industry News and Long-Term Care.

“LTC Industry Veteran Gene Arsenault Joins LTC Global,” Yahoo Finance

“LTC Global, Inc. today announced that Gene Arsenault has joined the company as Director of Business Development. Prior to joining LTC Global, Arsenault served 12 years as National Director of Long Term Care Insurance Sales for John Hancock.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Congratulations, Gene, and all the best in your new position.  LTC Industry Veteran Gene Arsenault Joins LTC Global #goldencareagent
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Categories: Industry News and Long-Term Care.