Reward Your Clients for Healthy Lifestyles

Your clients don’t have to be Olympic-caliber athletes to qualify for the Fit Underwriting Program; they get credits for basic quality health maintenance. It’s helpful to think of Fit like this – your clients are Fit when both they and and their family are physically and financially Fit. People who have positive factors in the Fit categories tend to have better mortality. So, on those cases that might be mildly or moderately rated, when individuals have positive health factors, we offer extra mortality credits. Add Up the Savings Consider a case where your client is able to save $150 in
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Maryland Partnership — New Disclosure Requirement

Maryland requires that applicants be provided with a disclosure statement about the Long-Term Care Insurance Partnership Program. “Important Disclosure Statement About the State of Maryland’s Long-Term Care Insurance Partnership Program (201304MD 10/01/17)” will meet this requirement. This point-of-sale disclosure must be provided to the applicant(s) when the application for long-term care insurance is completed. It will be provided with the Applicant Material as a “leave behind” disclosure.   Maryland Partnership — New Disclosure Requirement   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (Pre-PCS, PCS I, PCS II)

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. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 18% 72.8% phased 20% / 20% / 20% compounded PCS I 72.8% phased 20% / 20% / 20% compounded 72.8% phased 20% / 20% / 20% compounded PCS II 72.8% phased 20% / 20% / 20% compounded
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (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. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage Privileged Choice 72.8% phased 20% / 20% / 20% compounded Classic Select 72.8% phased 20% / 20% / 20% compounded     This rate increase applies to Non-AARP policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Nebraska (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. Nebraska has now allowed the following increase: Nebraska Non-AARP Product Series Increase Percentage Privileged Choice 2.0 Privileged Choice 2.1 37.4% 20.0% Classic Select 2.0 Classic Select 2.1 37.4% 20.0%     Nebraska AARP Product Series Increase Percentage Privileged Choice 20.4% phased 15% / 4.7% compounded Classic Select 20.4% 15% / 4.7% compounded     Communications Timeline Servicing agents will receive a list of their impacted policyholders
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Iowa (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. Iowa has now allowed the following increase: Iowa Product Series Increase Percentage Privileged Choice 17.9% Classic Select 17.9%     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 November 28, 2017 and will continue throughout the
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Categories: Genworth, Industry News, and Long-Term Care.

Maryland Update – Long Term Care Partnership Disclosure

Insurance producers who offer or sell long-term care insurance policies or contracts must: Advise an individual considering the purchase of long-term care insurance, about the availability and benefits of a policy that qualifies under the Qualified State Long-Term Care Insurance Partnership; Provide a disclosure statement, approved by the Commissioner, to each applicant for long-term care insurance about the Qualified State Long-Term Care Insurance Partnership; and Maintain records demonstrating that the required disclosure statement was provided to each applicant for long term care insurance and make the disclosure statement available to the Insurance Commissioner for inspection. Maryland Update – Long Term
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Categories: Industry News, Long-Term Care, and Transamerica.

Critical Illness Offers Return of Premium

Covering 11 serious health diagnoses and offering direct payment to policyholders are just some of the advantages with a Critical Illness policy. But if your client is cost-conscious about the price of the policy or possibly never using it, there is a way to address that concern. Critical Illness insurance is part of the Critical Advantage portfolio. All critical illness policies have a built-in return of premium benefit. Any premiums paid, minus any policy benefits received, will be refunded to a beneficiary upon death. It’s like a money-back guarantee if the policy is not needed. This gives clients the coverage
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Dental Insurance Now in 29 States

Mutual of Omaha now offers two dental policies, Mutual Dental PreferredSM and Mutual Dental ProtectionSM, in the following 29 states: Alabama Georgia Minnesota Ohio Tennessee Arizona Idaho Mississippi Oklahoma Texas Arkansas Indiana Missouri Oregon West Virginia California Iowa Nebraska Pennsylvania Wisconsin Colorado Louisiana Nevada South Carolina Wyoming Florida Michigan New Jersey South Dakota   We offer: 1.) Dental insurance policies that can help your Medicare client receive the dental care they need with the confidence of knowing what their out-of-pocket cost will be. Policies offer: Preventative Services (Cleanings and X-rays) Basic Services (Filings, extractions and emergency treatment) Major Services (Crowns,
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Categories: Dental, Industry News, and Mutual of Omaha (& Affiliates).

Omaha: Broker Bonus Program Reminder

With the extra business from the Medicare Annual Open enrollment period there is also the opportunity to make even more bucks on your Medicare supplements and SELECT underwritten business. Our Broker Bonus Program which began with apps signed September 25, 2017 works as follows: 1.) You can qualify with a minimum of five issued apps in a month $200 cash per issued policy for Underwritten business (includes internal and affiliate conversions) $50 per issued policy for Open Enrollment business Pays on Plans F, G and N only Certain exclusions apply 2.) Eligible applications must be signed, issued and effective September
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).