Join us for ONE or BOTH special sessions! First Up 11 – 11: 30 am CDT In-Depth Critical Cash Product Training Featured Speaker, Jon Randall Second Up 2 – 3 pm CDT How to WIN with Critical Cash Guest Speaker, Harry Crosby Read Full Invitation
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Form Required 8/1; Revised Application Required 10/1
Model Replacement Form Required Aug. 1, 2017, Newly Revised MO Application required 10/1/2017 Effective August 1, 2017, the Model Replacement form (REPL-2000) is required to be completed and submitted with new business paperwork whenever a proposed insured states they have existing insurance coverage, even if they don’t plan on replacing that coverage. The REPL-2000 replaces the existing Model Replacement form, form MO-R1. This form is required for Individual Life and Annuity agents/producers; Missouri Preneed agents/producers are exempt from this change. The MO application form 2735FE has also been revised to accommodate the State of Missouri’s Model Replacement requirement; a
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Aetna: Review the ready-to-sell requirements for 2018 plans
Review what you’ll need to do to become “ready to sell” our 2018 plans To become “ready to sell” our 2018 Aetna and Coventry Individual MA/MAPD and PDP products and receive commissions, you’ll need to complete several requirements prior to marketing or selling: CERTIFICATION: You’ll need to successfully complete 2018 Aetna Individual Medicare annual certification. Available starting July 11. **New agents: To help you achieve ready-to-sell status faster, we recommend you complete your 2018 certification before you submit your contract package to us through nomoreforms. CONTRACTING: New agents: Agents who haven’t contracted with us to sell our Individual Medicare products
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Aetna and Medicare Supp./Adv..
Aetna: 2018 Certification kicks off July 11
Starting July 11, you can complete the 2018 annual certification process for Aetna and Coventry Individual Medicare products (MA/MAPD, PDP). What’s required to sell 2018 MA/MAPD and PDP plans You must successfully complete the Aetna Individual Medicare annual certification process and meet all contracting requirements prior to marketing or selling Aetna or Coventry Individual Medicare products (MA/MAPD and PDP) during the Annual Election Period for January 1 effective dates and throughout the year. Uplines and principals must be fully licensed, appointed and certified in all states and markets where their downline agents or employees intend to sell. What’s required to
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Aetna and Medicare Supp./Adv..
Delivery Requirements Enhancements
At the end of October 2016, we announced a new policy delivery process to include new policy delivery requirements, policy effective dates, and updated forms. We are expanding those delivery requirements in an effort to streamline the process and make it easier to do business with us. On July 10, 2017, the additional delivery requirements will alleviate going back and forth to your customer during the underwriting process to update and initial forms. The new forms that will be used at delivery as needed are: Amendment of Application for Individual Long Term Care Insurance form (ICC16027604 and state variations) The
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Genworth and Long-Term Care.
In-Force Rate Action Announcement: Wisconsin (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 began to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequently, we received approval for, and implemented, a 12.8% premium increase in Wisconsin. 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 2016, we began requesting the
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Genworth, Industry News, and Long-Term Care.
NGL: Introducing Benefits Buddy
EssentialLTC just got easier to quote with the release of Benefits Buddy! Download the new Premium Calculator – which now reflects a visually interactive Benefits Buddy tool – to build out the case design that will win over your clients. It’s as easy as 1,2… that’s it! Benefits Buddy will allow you to create your LTCi solution based on your client’s budget. Once you determine risk class, you can customize individual or joint plans. Thanks to Benefits Buddy, you can easily hit that target premium for coverage suitable to your client’s needs. Download Benefits Buddy Need help? If you
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“Insurance pays little for caregiving of elderly at end of life”
“Insurance pays little for caregiving of elderly at end of life,” by Ronnie Cohen, Reuters “Unpaid family and friends provide the overwhelming majority of care to the elderly in their last year of life, according to a new study highlighting the need to expand supportive services to caregivers. . . . In 2011, 2.3 million caregivers tended to the needs of an estimated 905,000 older Americans in their final year of life, the report in Health Affairs found. Nearly 9 in 10 of the caregivers were unpaid, and only 9 percent of dying older adults received money for caregiving from
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“2 of 3 Americans Don’t Have ‘Advance Directive’ for End of Life”
“2 of 3 Americans Don’t Have ‘Advance Directive’ for End of Life,” by Robert Preidt, HealthDay “The research looked at data from more than 795,000 Americans. Just 29 percent had completed a living will that contained specific end-of-life care wishes, and 33 percent had designated a health care power of attorney. Completion of advance directives was slightly higher among patients with chronic illnesses (38 percent) than among healthy adults (33 percent), and much higher among patients 65 and older (46 percent) than among younger adults (32 percent), the findings showed.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term
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“One Woman’s Slide From Middle Class to Medicaid”
“One Woman’s Slide From Middle Class to Medicaid,” by Ron Lieber, New York Times “A dozen or so years into retirement, Rita Sherman had plenty going for her financially. Recently widowed, she had a net worth of roughly $600,000 as of 1998. Her health was excellent, and she dutifully purchased a long-term care insurance policy that would cover three years of nursing home costs should she ever need help. Watching over it all was her daughter, a medical social worker, and her son-in-law, a financial planner. By the time she died at the age of 94 last year, however, all
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