Transamerica TransCare® III Updates

June 27, 2017 Transamerica 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® III business to remain competitive within the marketplace. These rate changes will also maintain consistency in our pricing across our product portfolio. Revised rates for new sales of TransCare III will become effective July 3, 2017. To receive old rates, applications must be received in good order by close of business June 30, 2017. Previously saved quotes on TransQuote® will no longer be available starting July 3, 2017. This change applies
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Categories: Industry News, Long-Term Care, and Transamerica.

Happy July Fourth

CELEBRATE Our Country’s Birthday ★   ★    ★ There are several more days until July 4th. It’s a perfect time to paint the day red, white and blue. We hope you choose to celebrate the day with good friends and family — eating barbecue, enjoying fireworks, and more importantly, honoring our great country. In observance of the day, our Pennsylvania and Maryland offices will be closed on the following dates: Monday, July 3, 2017 Tuesday, July 4, 2017 Our best wishes for a safe and happy Independence Day!   #goldencareagent #usa #unitedsecurity
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Categories: Industry News, Long-Term Care, and United Security.

Sentinel Independence Day Holiday Office Hours

Holiday Office Hours It’s time for picnics, ice cream, fireworks, and holidays! Our administrative offices will be closed all day on Tuesday, July 4, 2017 in observance of Independence Day. We will resume normal business hours on Wednesday, July 5, 2017. Commissions that would have been paid on July 4th will be paid on July 5th per our regular schedule. #goldencareagent #sentinel
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Categories: Industry News, Life Insurance, Medicare Supp./Adv., and Sentinel Security Life.

Mutually Invested in Long-Term Care

Together, we share a mutual investment in helping people protect their families, their finances and their futures with long-term care insurance. At Mutual of Omaha, this is something we’ve been doing for over 30 years. While some companies have exited the market, re-priced their products or shifted their focus away from traditional LTCi, we remain committed to this important product line. As a mutual company, we’re not influenced by outside interests. We make product and pricing decisions independent from others in the marketplace. While we remain committed to always acting in the best interests of our policyholders, our investment in
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

UPDATE: Form Required August 1, Model Replacement Form

Model Replacement Form Required August 1 in Select States Effective August 1, 2017, NGL will be complying with the state-mandated Model Replacement rule in the required states. Certain states require a Model Replacement form to be submitted with paperwork whenever the proposed insured answers yes to the Applicant Replacement question, even if they don’t plan on replacing that coverage. Between now and August 1, 2017 – policy issuance will not be delayed during this implementation period. Effective August 1, 2017 – policy issuance will be delayed if the form is not included with submitted paperwork. As of 6/22, the following
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Categories: Industry News, Life Insurance, and National Guardian Life.

NGL: What is the Best Way to Submit Multiple Linked Applications?

What is the best way submit multiple applications when there is one check or EFT– like when spouses submit applications at the same time, or a parent and child apply at the same time? What is the best way to ensure both applications will be processed and payments drafted at the same time? Submit both applications and payment (one single check or EFT) with ONE Application Checklist or Fax Cover Sheet. Do not send the applications separately. It is beneficial to include a brief note in the “Special Instructions” of the fax cover sheet specifying there are companion policies to
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Categories: Industry News, Long-Term Care, and National Guardian Life.

“No One Wants To Be Old’: How To Put The ‘Non-Age’ in Nonagenerian”

“‘No One Wants To Be Old’: How To Put The ‘Non-Age’ in Nonagenerian,” by Sharon Jayson, Kaiser Health News “It never hurts to have longevity in your genes and few chronic health problems, but mindset plays a role in how people age, experts say. Some older adults have been termed “superagers” for mental acuity despite their years because the typical age-related decline in brain volume is much slower. . . . Researchers find that society’s focus on youth culture and negative stereotypes about aging prompts older adults’ memory loss and stress. These days, older adults who want to dispel notions
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Categories: Industry News and Long-Term Care.

“Helping elderly gain financial security”

“Helping elderly gain financial security,” by Zhang Yue, China Daily “In old age, most people need something to rely on. For the Chinese, that’s generally been family and a State pension. Yet the central government has shown it wants the commercial endowment insurance sector to help more with ensuring the nation’s seniors are financially secure in their twilight years. The State Council unveiled an array of incentives and guidelines aimed at boosting the sector at an executive meeting presided over by Premier Li Keqiang on Wednesday. . . . The government will encourage innovation in private insurance services to create
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Categories: Industry News and Long-Term Care.

Don’t Overlook The Clients Who Feed The World

Take BOLD action to advance your client’s business Building and growing a family farm requires attention to current operations and what the owner wants to pass on to the next generation – and that requires important financial preparation right now. Learn about farmers’ immediate needs, future needs and how you can address them with Securian’s BOLD Family Farm Strategy. BOLD – Business Owner Life-stage Design Many materials are available, including a Family Farm Strategy advisor guide, consumer brochure, seminar guide, client presentation, seminar invitation and initial questionnaire. To view/print these pieces, click below: Don’t Overlook The Clients Who Feed The
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Categories: Industry News, Linked Benefit/Hybrids, and Minnesota Life.