“If you’re caring for Mom or Dad, your own retirement is in danger,” by Darla Mercado, CNBC “Looking after an elderly parent could cost you more than you expect: Your retirement security. Those were the findings from a study of caregivers by the Transamerica Institute, a foundation that specializes in retirement and healthcare issues. . . . The adverse impact of caring for Mom and Dad go beyond the stress of day-to-day responsibilities.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): The earlier people plan for this eventuality the better, because once in the throes of
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“Millions Bought Insurance to Cover Retirement Health Costs. Now They Face an Awful Choice”
“Millions Bought Insurance to Cover Retirement Health Costs. Now They Face an Awful Choice,” by Leslie Scism, Wall Street Journal “Long-term-care insurance was supposed to help pay for nursing homes, assisted living and personal aides for tens of millions of Americans when they became unable to take care of themselves. Now, though, the industry is in financial turmoil, causing misery for many of the 7.3 million people who own a long-term-care policy, equal to about a fifth of the U.S. population at least 65 years old. Steep rate increases that many policyholders never saw coming are confronting them with an
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Transamerica Plans Changes In Service & Administration of Products
Transamerica has entered into an agreement to transfer the service and administration of its insurance and annuity products to an independent third party administrator in the U.S., Tata Consultancy Services (TCS). The transaction is expected to be completed in second quarter 2018. TCS will provide administration for Transamerica’s life insurance, annuity, supplemental health insurance and workplace voluntary benefits customers. All of the Transamerica employees who support this business will receive employment offers from TCS and may remain in the U.S. cities where they are currently based. Customers can expect dedicated service and do not need to take any action regarding
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Omaha: Mobile Quotes Updates
In order to provide you with the best quoting experience, we continue to improve and upgrade the features of our Quotes for Sales Professionals mobile quoting app. Unfortunately, if you are running an old version of the mobile app, you may be missing out on some of our great new functionality. In January 2018, the following versions of the mobile app will no longer be supported: 0.0.5 0.0.6 1.0.5 1.23 1.2.25 1.2.39 1.3.40 1.3.58 1.3.70 1.3.97 1.3.107 2.0.11 2.0.24 2.0.35 2.0.48 2.0.53 2.0.57 2.0.66 2.0.76 The mobile app will only be compatible with the following operating systems: iPhone® – 10.0
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Holiday Telephone Solicitation Bans for the Month of February 2018
Please be aware of the following holiday telephone solicitation bans for the month of February. On Tuesday, February 13, 2018: Alabama and Louisiana prohibit unsolicited marketing calls to residents in observance of Mardi Gras On Monday, February 19, 2018: Alabama, Louisiana, Mississippi, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of President’s Day Holiday Telephone Solicitation Bans for the Month of February 2018 #goldencareagent #mutualofomaha
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LTCi Care Coordination
The need for long-term care services can come on slowly or happen overnight. No matter when the need for care arises, a care coordinator can help. Once an insured files a claim, a care coordinator is assigned to help manage their long-term care needs. The care coordinator becomes the point of contact to help arrange services and ensure all needs are met. Educate your clients on the care coordination benefit. It can be the lifeline they need when they don’t know where to turn for help. For more information on care coordination, click here. If you have any questions, please
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Underwriting Process Change for all Applicants Ages 65+
Genworth is committed to providing a simple and convenient new business process for you and your clients. Effective February 26, 2018, we will make changes to the underwriting process that will reduce the number of times we must contact applicants. Applicants Ages 65+ All applicants ages 65 and over will no longer have to complete a phone underwriting interview. Starting February 26th, these applicants will complete Part 2 of the application during their Paramed exam. The TrueView Underwriting℠ material will be updated to reflect these changes. Transition Rules Please carefully review the transition dates and rules below: Cases for Ages
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Genworth, Industry News, and Long-Term Care.
NGL: New Partnership State Release – New Jersey
National Guardian Life Insurance Company (NGL) is happy to announce that effective January 22, 2018, EssentialLTC will be available in the state of New Jersey. There are a few variations to be aware of for EssentialLTC in New Jersey, including: Single Premium Payment option is not available. Partnership eligible — inflation protection required for applicants age 75 or younger. 2nd applicant on a policy referred to as “Additional Insured.” Employer Group unisex rate class replaces Employer Group discount in New Jersey. There is no commission reduction for offering the Employer Group unisex rate class in New Jersey. When submitting an
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GTL: Medicare Supplement Now Available in IN and KS
Medicare Supplement Insurance Now Available In Indiana & Kansas • Competitive rates • Paper only – e-App coming soon! • Over 40 years in the market! • Household discount • 3-4 day underwriting time • Long-tenured, friendly staff GTL Medicare Supplement Insurance applicants can now submit an application up to 6 months in advance of a selected effective date! Medicare Supplement is currently available in: Arizona, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Michigan, Mississippi, Montana, Nevada, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, and Virginia. More states coming soon!
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Important Update for North Carolina Kemper HHC
Kemper Senior Solutions IMPORTANT UPDATE for North Carolina HHC: Effective March 1, 2018 the Home Health Care rates in North Carolina are changing for new applications. For in-force North Carolina HHC policies, the change is effective on policy anniversaries on or after March 1, 2018. North Carolina will now use the following HHC brochure: B-HHC-SS (03/18) NC. The prior brochure, B-HHC-SS (04/17) NC, should not be used on or after March 1, 2018. Printable versions of both the prior and new brochure, as well as the required forms, are available at the following website: http://portal.reservenational.com/forms.aspx. Questions? Please call 855.516.8528.
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