GoldenCare Newsletter | December 29, 2017

In this GoldenCare Newsletter Edition From GoldenCare: The GoldenCare Office will be closed Monday, January 1st for New Year’s. Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event!  Voucher does not apply in KY. SPECIAL:  We are honored to bring you one of the most influential and respected people in long-term care for this year’s Industry Updates 2017 Grand Finale, Steve Moses, President of the Center for Long-Term Care Reform! This is a must-see presentation that will not repeat! Reserve your seats for this special event now, Click Here. Our Guest Article in
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Transamerica, and United Security.

Seats Are Still Available For Our 2017 LTC Industry Updates Presentation

   Join us for an exciting Industry Updates presentation! Our discussion will be centered around the year’s most stunning changes, current LTCi industry events, how proposed changes to tax deductions could transform the industry, insight on the Genworth / Oceanwide transaction and the potential impact should regulatory approval be denied. GoldenCare is honored to bring you one of the most influential and respected people in long-term care, Steve Moses! He will be joining us as our special guest speaker for this presentation. Be sure to register – this is a ONE TIME EVENT, and these seats will be going quickly!
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Regulation Update: Maryland

The Maryland Insurance Administration is requiring that all Long Term Care Insurance applicants in Maryland are provided with a LTCi Partnership Disclosure Notice at the time of application. This document is included with Maryland’s LTC Application & Forms in your Agent Portal. Please begin providing this form to LTCi applicants in Maryland. It is also required for producers to maintain records demonstrating that the required disclosure statement was provided to each LTCi applicant. Additional information can be found in the following Maryland Insurance Administration bulletin. You can also contact LifeSecure’s Agent Support team with any questions at 866-582-7701 or via
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Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: Alert Regarding Rate Increases

Alert Regarding Rate Increases Earlier this year, the Delaware Department of Insurance was made aware that various members of the insurance industry have been responding to consumer inquires related to premium rate increases by claiming the Department of Insurance has required an insurer to raise premium rates. In response, the department released a bulletin to reiterate that it is unlawful for all persons and companies engaged in the aspect of insurance to make any assertion, representation or statement with respect to the business of insurance which is untrue, deceptive or misleading. Please refer to the bulletin above and Delaware Insurance
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Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: LTCi Rate Increase Announcement

LTCi Rate Increase Announcement Based on our analysis, earlier this year we began seeking premium rate increases in certain states for our first generation Long Term Care Insurance business (policy series LS-0002 et al, issued prior to Feb. 3 2014). Agents with impacted clients will receive a notification via email once the rate increase receives state approval. We expect this process to be completed by the end of 2018. The notification timeline for agents and policyholders is as follows: Agents — at least five days prior to policyholder notifications Policyholders — at least 45 days before the rate increase effective
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Categories: Industry News, Life Secure, and Long-Term Care.

“LTCI Policyholders May Get Broader Guaranty Association Protection”

“LTCI Policyholders May Get Broader Guaranty Association Protection,” by Allison Bell, ThinkAdvisor “The National Association of Insurance Commissioners has put its full weight behind efforts to broaden the base of support for the policyholders of long-term care insurance (LTCI) issuers that fail. The NAIC last week approved amendments to the Life and Health Guaranty Association Model Act (Model Number 520) during a conference call meeting, officials said in an approval announcement.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Spread the debt. LTCI Policyholders May Get Broader Guaranty Association Protection #insurance #policyholders #goldencareagent
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Categories: Industry News and Long-Term Care.

“Daily Serving of Leafy Greens May Boost Brain Health”

“Daily Serving of Leafy Greens May Boost Brain Health,” by Kate Kneisel, MedPage Today “Compared with the one-fifth of participants who consumed the least amount of leafy green vegetables (0.1 average servings/day), the one-fifth who consumed the most (1.3 average servings/day) slowed their cognitive decline by an average of 0.05 standardized units per year (P=0.0001) after adjustments, they wrote in Neurology.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A salad a day keeps the neurologist away. Daily Serving of Leafy Greens May Boost Brain Health #brain #health #goldencareagent
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Categories: Industry News and Long-Term Care.

“Smaller personal care homes are a growing senior living option”

“Smaller personal care homes are a growing senior living option,” by Leslie Spirer, McKnight’s Senior Living Smaller personal care homes are a popular option the West Coast, enjoying more popularity there than on the East Coast or in the South. But popularity is growing elsewhere, too. . . . In California, 90% of senior living facilities accommodate four to six residents. . . . What is the appeal? As you know, most older adults have needs that fall beneath the level of skilled nursing services. The small personal care home, licensed for two to six people, can be a safe,
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Categories: Industry News and Long-Term Care.

Discontinued Support of Internet Explorer versions 8, 9, and 10

Effective February 1, 2018, the Agent Resource Center will no longer support Internet Explorer versions 8, 9, and 10. To ensure uninterrupted access to ARC beyond February 1, please make certain that your browser is upgraded to Internet Explorer 11 or higher. You can upgrade your browser here. Discontinued Support of Internet Explorer versions 8, 9, and 10 #goldencareagent #transamerica
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Categories: Industry News and Transamerica.

“Completing the Retirement Planning Puzzle: Where Long-Term Care Fits In”

“Completing the Retirement Planning Puzzle: Where Long-Term Care Fits In,” by Sandra Timmermann, ThinkAdvisor “Ten suggestions for you and your family as you consider long-term care risk and where it fits into your retirement planning process.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Sound advice from a reliable source. Completing the Retirement Planning Puzzle: Where Long-Term Care Fits In #long-termcare #retirement #goldencareagent
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Categories: Industry News and Long-Term Care.