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 April 1, 2018: Block of Business Impacted States LTC06UI Arkansas, South Carolina For a complete rate history, see
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Highlights of the New Tax Law
January 10, 2018 The Tax Cuts and Jobs Act signed into law on December 22, 2017 is the most significant tax legislation since 1986. Your clients will want to know what might apply to them without reading through 2,000 pages of legalese. We’ve produced 1-page highlighters for corporate tax and individual tax issues to help you start that conversation. Questions? Please call Securian’s Life Sales Support Team at 1-888-413-7860, Option 1. Highlights of the New Tax Law (Login required) #goldencareagent #minnesotalife #securian
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Industry News and Securian.
News from United Security Assurance
The President’s Message 2017 started out as a good year for our Company. We began to see our finances stabilize as a result of the large reinsurance transaction we entered into in 2016 and were getting adjusted to being a smaller company with the hope of being in more control of our own destiny. However, the loss of our AM Best rating, caused by our parent company falling behind in completing its annual audits, was a major blow. We had made strides and were beginning to experience an increase in sales activity which was reversed when we lost the rating.
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NGL: Coming Soon! Extra Identity Protection
Coming Soon! Extra Identity Protection for You and Your Clients Data breaches and identity theft are concerns we all have as we depend on our computers and mobile devices more and more to handle daily tasks and communications. You may remember the large Equifax data breach in 2017 that affected over 143 million customers. NGL would like to help protect you and your clients from these types of issues. Therefore, in 2018 NGL is changing the way you will be logging into the agent website MyNGLIC.com. You may have already had this experience with other companies you work with such
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“Senior living might want to reconsider its superiority complex”
“Senior living might want to reconsider its superiority complex,” by John O’Connor, McKnight’s Senior Living “It wasn’t long ago when many assisted living operators disparaged their skilled care brethren as being somehow second-class. It wasn’t hard to see why. Back then, assisted living communities generally could claim to offer greater choice, autonomy and aesthetics. As for nursing homes, they were comparatively bleak at best. Plus it seemed they were always getting themselves into trouble. But much has changed in the past two decades. For one, many skilled care settings have stepped up their games, big time. The old institutional look
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Payment Change – Broker Bonus Program
Good news! All apps that qualify for payment under the rules of our current Medicare supplement Broker Bonus programs will be paid as long as the policy is in force at the time of the payment. The criteria that qualified apps must be effective as of February 1, 2018 has been eliminated. Our two current Broker Bonus Program contest periods and states are listed below. September 25, 2017 – January 31, 2018 ( AZ, FL, GA, MS, NV, NJ, NC, OH, PA, SC, TN, TX, UT and WI) December 1, 2017 – January 31, 2018 (AL, NH, NM, SD and
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Customers Can Access Underwriting Lab Results Online
Effective January 1, 2018, customers can now access their underwriting lab results from CRL or ExamOne online. When the examiner is with your client, they will give the client instructions on how to access their results online. This new process will eliminate the paper letter with the results. This applies to all fully underwritten Life and Disability Income policies. If you have any questions, please contact our underwriting call center at 800-715-4376. Customers Can Access Underwriting Lab Results Online #goldencareagent #mutualofomaha
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Children’s Whole Life Product Enhancements
Children’s Whole Life coverage is a natural fit for parents and grandparents who want to protect their children and grandchildren. As you know, CWL is an affordable express policy that allows clients to lock in low premiums and future insurability throughout the lifetime of their child or grandchild. Effective January 22, 2018, CWL – with some important revisions – can do more than ever to protect children’s financial future. Product Enhancements Increased maximum face amount Current Maximum Face Amount – $30,000 NEW Maximum Face Amount – $50,000 Improved Guaranteed Insurability Rider Current rider triggers for additional coverage Can add additional
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Medicare Supplement Insurance Premium Rate Changes
Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes for new sales and inforce policies. The policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. The following are the states that will be impacted. State Plan Adjusted Percentage Upload Date New Rate Effective Date Alabama A, F G, N 6% increase 0% increase 1/17/2018 3/1/2018 DC A, F, G, N 3% increase 1/17/2018 3/1/2018 Hawaii A, F, G, N 3% increase 1/17/2018 3/1/2018 Michigan A, F G N 9% increase 5% decrease 0% increase 1/17/2018 3/1/2018 Ohio A, F G N
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Gerber Life Updated EFT and Bank Change Forms
Updated EFT and Bank Change Forms Gerber Life has recently updated our Electronic Funds Transfer (EFT) and Bank Change forms, to help us more easily identify the change being requested. The new forms will be added to the Contracting Kits during our next round of updates, and can also be found by clicking the links below. EFT – Agent only EFT – Agency/Corporation only Bank Change – Agent only Bank Change – Agency/Corporation only Updated EFT and Bank Change Forms #goldencareagent #gerber
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