“Reverse Mortgage: Yes or No?”

“Reverse Mortgage: Yes or No?,” by Kim Blanton, Squared Away Blog “The older people who either consider a reverse mortgage or actually get one don’t have much else to fall back on.  Their primary assets – outside of their homes – are a car worth no more than $7,000 and about $2,000 in a checking account. This was one salient fact unearthed about reverse mortgage users – or people who’ve looked into them – in a 2014-2015 survey led by Stephanie Moulton at Ohio State University. This supports a later study by Moulton that found that people who take out the
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Categories: Industry News and Long-Term Care.

“10 Tips for Children of Aging Parents”

“10 Tips for Children of Aging Parents,” by Marshall, Parker and Weber, LLC “Understand your parents’ strategy and options for long-term care. Statistics Methods of payment for long-term care Gifts Family Asset Protection Trust” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is what Medicaid planners are telling your prospects. 10 Tips for Children of Aging Parents #goldencareagent #medicaid
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Categories: Industry News and Long-Term Care.

Manhattan Life: Rate Adjustment for Tennessee

A rate adjustment for Tennessee has been approved. There is an 9% rate increase for all Plans (A, C, F, G & N). Click here to view / print the new rates. The rates are effective for any new business with a signature date of September 1, 2017 or later requesting an effective date of September 1, 2017 or later. Please refer to the points below to determine which rates should be applied for new applications: All Medicare Supplement applications requesting an effective date before  September 1, 2017 will receive the current 9-1-16 rates. Any Medicare Supplement application signed before 
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Categories: Manhattan Life and Medicare Supp./Adv..

Critical Advantage Express and Simplified Underwriting

With a Critical Advantage policy, your clients get coverage that pays a lump-sum benefit upon diagnosis of a covered condition. It also offers two underwriting programs to give your clients the benefits they need faster. It also means you get paid faster. Express underwriting for Critical Advantage covers benefit amounts of $10,000 to $50,000. It has simple yes/no knock-out questions to make applying easy and fast. Simplified underwriting is for benefit amounts from $51,000 to $100,000. Simplified underwriting also has simple yes/no knock-out questions in addition to a MIB, Pharmaceutical inquiry and possible telephone interview. No matter which program, you’ll
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Categories: Critical Illness and Mutual of Omaha (& Affiliates).

CareOptions List Of Services

Now you can find out quickly and easily about each feature and benefit the CareOptions program offers your existing clients and prospects. Simply click the link below for a complete list of available resources – you won’t find most of these resources anywhere else. CareOptions is a valuable service with totally unbiased care resources and health care planning tools with no ads and nothing to buy. If your clients are already taking advantage of CareOptions, there is nothing to apply for – access to these unique services is already available at no charge. CareOptions provides everything from local costs of
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Categories: GoldenCare News and Industry News.

MutualCare Solutions Product and Underwriting Guide Updates

The LTC Product and Underwriting Guides, along with supporting underwriting forms or processes, are being updated to provide you with information and guidelines that are consistent with the way we will be processing and underwriting our MutualCare Solutions Long-Term Care Product Portfolios. These updates are effective 8/14/17. This updated information is provided in order to equip you with the tools needed to better support field underwriting. UNDERWRITING PROCESS CHANGES: After an extensive study of cases conducted earlier this year, we have implemented a new underwriting process. Rather than wait until all underwriting evidence is in, Underwriting will now review each
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Critical Advantage Introduces the e-App

On August 14, 2017, Mutual of Omaha will release a new Critical Advantage electronic application to make doing business with us even easier. The new e-App will allow you to complete and submit your Critical Illness, Cancer and Heart Attack and Stroke applications online. e-App Advantages and Features Here are just a few of the advantages and features you will discover when you use the e-App: Ensures applications to be completed in good order Ensures you’re using correct forms Allows for e-signature email, e-signature face-to-face or wet signature Provides a paperless “green” experience Visuals to indicate your progress and prompt
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Categories: Critical Illness and Mutual of Omaha (& Affiliates).

Moody’s Affirms Mutual of Omaha’s Financial Rating

Moody’s Investors Service has affirmed its A1 (good) rating for Mutual of Omaha and United of Omaha. The rating assesses the company’s overall financial strength and ability to withstand financial stress in the future. A1 is the fifth highest of 21 ratings issued by Moody’s. Moody’s also affirmed its “Stable” outlook for Mutual and United. Moody’s cited Mutual’s good business profile as an established life insurance and fixed annuity provider and leader in the Medicare Supplement market. The ratings service also referenced our good-quality investment portfolio in issuing its opinion.   Moody’s Affirms Mutual of Omaha’s Financial Rating   #goldencareagent
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Categories: Industry News and Mutual of Omaha (& Affiliates).

AIG Product Portfolio Changes

September 2017 Streamlining Product Portfolio We are proud to offer a robust and highly competitive product portfolio including Term, IUL, GUL and VUL Life products. At this time, we are taking the opportunity to streamline our product portfolio by discontinuing products with low utilization. With that, effective September 29, 2017, the following products will be discontinued: AG ROP Select-a-Term — (Policy Form 14220, ICC14-14220) Elite Index II — (Policy Form 13717, ICC13-13717) Transition Rules: AG ROP Select-a-Term and Elite Index II Transition Rules Effective September 29, 2017 the AGL versions of ROP Select-a-Term and Elite Index II products will be
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Categories: American General, Industry News, and Life Insurance.