Good News | GTL’s Short-Term Home Health Care Now In DC & PA!

    GTL’s Short-Term Home Health Care Now In DC & PA! GTL’s brand new Home Health Care insurance is now available in 26 states, with DC and Pennsylvania being the latest approvals. And more are coming soon! 3 Benefit Options $150, $300 or $450 maximum daily benefit Great Cross-Selling Opportunity Complements our other great products Great Value-Added Riders HIP, Critical Accident, Dental/Vision and Ambulance riders available Built-in Prescription Drug Benefit Prescription benefit year maximum of $300 or $600 Ask Mayo Clinic Access Policyholder Access to Ask Mayo Clinic Nurseline and Critical Illness Support And More! Don’t miss live introductory
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Categories: GoldenCare News, Guarantee Trust Life, and Industry News.

In-Force Rate Action Announcement: Kansas (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. Kansas has now allowed the following increase: Kansas Product Series Increase Percentage Privileged Choice 40% Classic Select 40% This rate increase applies to both AARP and Non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin August 15, 2017 and will continue throughout the next year.
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Categories: Genworth, Industry News, and Long-Term Care.

Rate Adjustments Effective November 1, 2017 – FL

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective November 1, 2017: Block of Business Impacted States LTAR, NHAR, NHA, LTA, LT50 & LTC04I, LTC04G, LTC06UI Florida    
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

(Legacy) Rate Adjustments Effective November 1, 2017 – GA, MS

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective November 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Georgia, Mississippi     For a
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | August 14, 2017

In this GoldenCare Newsletter Edition From GoldenCare: See our full list of hot training topics and register for an event today! PROMO TIME!!   Get your Careshield, Mutual of Omaha Custom Solutions and GTL Critical Cash apps in for our Amazon.com Gift Card Blowout!  See the Newsletter for details on this exciting promotion. You can Double-Dip with Careshield this summer!  But hurry – time is almost up!  See the Newsletter to learn how you can earn a $250 summer bonus – PER CASE! Our Guest Article in this edition is “LTC worker shortage a ‘train wreck waiting to happen,’ expert says,” by
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), and Transamerica.

Disability Income Insurance Rider Availability Update

Per New Jersey state regulation, the Hospital Indemnity rider on DI Choice and DI Choice at Work policies has been discontinued effective August 1, 2017. Any Hospital Indemnity rider applied for on DI Choice or DI Choice at Work applications dated after August 1, 2017 from the state of New Jersey will not be accepted.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.   Disability Income Insurance Rider Availability Update   #goldencareagent #mutualofomaha
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

Transamerica Website Maintenance

Transamerica’s Agent Resource Center website will undergo maintenance on Tuesday, August 15 between the hours of 8:30 PM CST to 11:45 PM CST. All website functionality will be temporarily unavailable during this maintenance window.   Transamerica Website Maintenance   #goldencareagent #transamerica
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Categories: Long-Term Care and Transamerica.

Transamerica: Illinois Disaster Bulletin

Effective Date: Effective Immediately (Going back to July 12, 2017) Summary: Governor Bruce Rauner has declared Cook, Kane, Lake, and McHenry counties state disaster areas after significant flooding impacted these counties. Insurance consumers may experience disruption of mail delivery and displacement from their residences, businesses, and other properties due to the flooding. Moratorium on cancellations and nonrenewals.  Insurers shall withdraw any cancellation or nonrenewal notice issued on or after July 12, 2017, on any in-force policy issued to an affected policyholder. In addition, insurers shall not issue any new cancellation or nonrenewal notices to affected policyholders until September 30, 2017,
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Categories: Long-Term Care and Transamerica.

“Vince Bodnar, Larry Nisenson to Join Genworth’s U.S. Life Insurance Division”

“Vince Bodnar, Larry Nisenson to Join Genworth’s U.S. Life Insurance Division,” Genworth “Genworth today announced that two industry leaders will be joining Genworth’s U.S. Life Insurance division to lead product management, distribution and product marketing for its life, long term care and annuity businesses. Vince Bodnar, one of the top long term care actuaries in the industry, will join Genworth as senior vice president of Product Management with overall responsibility for the design, development and management of Genworth’s life, long term care and annuity product portfolios. . . . “Most recently, Bodnar was chief actuary for Long Term Care Group,
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Categories: Industry News and Long-Term Care.