“Should your RRSP pay for long-term care insurance?,” by Alexandra MacQueen, The Globe and Mail “Allow Canadians to withdraw funds from their registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) on a tax-deferred basis to purchase long-term care insurance policies. That’s the proposal put forward by CALU, the Conference for Advanced Life Underwriting, a national membership association for established insurance, tax, financial, accounting and actuarial professionals, as part of the standing committee on finance 2018 pre-budget consultations.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A good idea for the U.S. to consider
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“15 Most Expensive States for Long-Term Care: 2017”
“15 Most Expensive States for Long-Term Care: 2017,” by Marlene V. Satter, ThinkAdvisor “Check out the 15 most expensive states for LTC.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Alaska, Hawaii, California and New York? Sure. But North Dakota and Maine? Yup, thanks to their high proportion of elderly residents, relatively more private payers at higher rates than Medicaid and high LTC insurance market penetration. 15 Most Expensive States for Long-Term Care: 2017 #goldencareagent #long-term care
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Good News | Another Way To Increase Sales
Think Outside The Box With GTL’s Suite Of Supplemental Products Have you ever had clients approach you to purchase insurance products, only to find they don’t meet eligibility requirements? For example, Hospital Indemnity coverage is health-underwritten and often precludes those confined to a hospital within the past 12 months. Did you know: GTL’s Short-Term Home Health Care coverage offers an optional Accident and Sickness Hospitalization Rider.* As long as your client is not currently confined to a Nursing Home/Assisted Living facility, receiving Home Health Care, and is able to perform ADLs (no cognitive impairment) – eligiblity should be no
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GoldenCare Newsletter | October 9, 2017
In this GoldenCare Newsletter Edition From GoldenCare: See our full list of hot training topics and register for an event today! We have two Guest Articles in this edition is “Can I get more affordable long-term care insurance?,” by Philip Moeller, PBS NewsHour and “A Prime Time to Plan for Long-Term Care Is After Arranging It for Someone Else,” Advisor Magazine Enjoy! Industry Updates: We have several announcements in this edition: From Mutual of Omaha: Broker Bonus Program!! Don’t miss the details on how you can make even more bucks on your Medicare supplements and select underwritten business. LTCi Underwriting Update:
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Medicare Supplement News – Omaha Family of Companies
Upcoming Rate Adjustments Learn more about the upcoming rate adjustments in AZ, MS, ND, NE, and VA. • In-force Only Rate Adjustment – AZ, MS, NE, VA • Plan N Rate Adjustment – ND 2017 Marketing Credits Redemption Deadline Important Reminder — You have until December 14, 2017 to request reimbursement for your Medicare supplement marketing credits earned from January 1, 2017 to September 30, 2017. Also keep in mind, credits earned from October 1, 2017 through December 31, 2017 will roll into your 2018 credits and will not need to be redeemed until December of 2018. Beginning this year,
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Mutual of Omaha: Dental Release
Effective October 7, 2017, you may begin selling our Mutual Dental PreferredSM and Mutual Dental ProtectionSM insurance policies with an optional vision care rider underwritten by Mutual of Omaha Insurance Company in the following 23 states: Alabama Idaho Michigan Nevada Pennsylvania West Virginia California Indiana Mississippi Ohio South Carolina Wisconsin Colorado Iowa Missouri Oklahoma South Dakota Wyoming Florida Louisiana Nebraska Oregon Texas While this product is positioned for individuals who are Medicare eligible, the issue age is 19 – 99 for these policies. Dental e-App available October 7, 2017 For ease and convenience use the Dental e-App located on Sales
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GTL’s New Short-Term HHC Now in Arizona and Maryland
Now available in Arizona and Maryland! $150, $300 or $450 maximum daily benefit options! Prescription benefit year maximum of 300 or 600! Great cross-selling opportunity and complements our other great products! Policyholder Access to Ask Mayo Clinic Nurseline and Critical Illness Support Available on paper and on our new e-App! HIP, Critical Accident, Dental/Vision and Ambulance riders available PLEASE NOTE: You will have to go to Google Play or the App Store to update the e-App on your Apple or Android device. Available in the following states: Alabama, Alaska, Arizona, Arkansas, Delaware, District of Columbia, Georgia, Hawaii, Idaho, Illinois,
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Important Information for Insureds Living in Florida
At American General Life Insurance Company (AGL), our first priority is the welfare of our customers. In response to challenges created for Florida residents by Hurricane Irma, we are working with state regulators to support affected clients during this difficult time. Effectively immediately, a temporary suspension is in effect on lapses, terminations, cancellations and other time-sensitive provision requirements of the insurance policies or annuity contracts for all insured AGL customers residing in the state of Florida. This suspension includes all counties in the state. This action is taken to protect the policyholders from unintentional termination. We will process other requests
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AIG: Producer Sales Practices Manual Updated
Producer Sales Practices Manual Updated Guidelines and procedures in the “Producer Sales Practices Manual,” formerly known as the “Compliance Manual,” have been updated and consist of additional: DOL, Elder & Vulnerable Client Protection, STOLI/IOLI, Do Not Call Requirements, AIG Company Information Protection, and Prohibition on Pretext Interviews sections, as well as Complaints Section revision. Please click below to review in detail. Compliance Manual #goldencareagent #aig
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NGL: New Indiana Final Expense Trust, Maximum Allowable Values Clarified
NGL Final Expense Trust in Indiana Effective immediately, a new state-specific trust, the NGL Final Expense Trust, has been implemented as a replacement for the Funeral Expense Trust in Indiana. A new state-specific trust form is now available for use with the Final Expense Trust. While Funeral Expense Trust forms in Indiana will still be accepted until November 1, 2017, please begin to use the new Final Expense Trust form immediately. By choosing to use the old form, you run the risk of jeopardizing your client’s eligibility to qualify for Medicaid. Clients can irrevocably assign ownership of their Indiana policies
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