The outline contained in the Nebraska United World App book MAP550 with print date 2/21/18 incorrectly labeled the High Deductible Plan F column on the rate pages. The outline has been corrected and the app book has been updated. The new print date on the corrected app book MAP550 is 2/26/18. Any orders placed as of Monday, February 26 should contain the new outline. The corrected outline NE_UW_AGY_022218R has been attached for your convenience. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or sales.support@mutualofomaha.com. NE United World Outline Correction #goldencareagent #mutualofomaha
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How Your Clients Can Save on LTCi Premiums
In order to make LTCi premiums as affordable as possible, MutualCare Solutions policies offer a variety of premium allowances. Your clients may qualify for one or more of the following allowances: Partner (both issued) — if both partners are issued under the same policy form/product, they are eligible for a 30% allowance Partner (one issued) — if just one partner is issued, that person is eligible for a 15% allowance Preferred — if your clients are in good health, there is a 15% allowance Association/Sponsored Group — clients who are members of a qualifying association or Sponsored Group are eligible
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Genworth to Suspend Sales of Long Term Care Insurance in Florida
Effective April 1, 2018, Genworth will temporarily suspend sales of individual long term care insurance in Florida. Genworth is working on innovative new products in long term care insurance, life insurance and annuities, and, in consultation with the State of Florida, will seek to re-enter the Florida market in the future. This change will not affect existing policyholders. Transition Rules In order to effect a smooth transition, please note the detailed transition rules below and remember that all licensing and continuing education requirements must be met prior to submitting new business. It is critical to follow the transition rules,
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Genworth, Industry News, and Long-Term Care.
Performance LTC (PLTC) declared crediting rate change
Effective March 1, 2018 the declared crediting rate for inforce PLTC policies will change. For national PLTC policies the declared rate will reduce from 6.00% to 5.70%. For PLTC policies issued in New York, the declared rate will reduce from 5.75% to 5.45%. PLTC policyholders’ Annual Statement will reflect this change. Performance LTC (PLTC) declared crediting rate change #goldencareagent #johnhancock
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Partnership eligibility for Performance LTC (PLTC) policyholders in Virginia
After a recent review, the Virginia Insurance Department has changed the criteria for Partnership eligibility. As a result, Performance Long-Term Care policyholders with issue ages under age 61, and annual 3% Compound Inflation protection will now be eligible for Partnership under the Virginia Partnership for Long-Term Care Program, as long as the policyholder continues with the annual 3% increases. We will be communicating to these policyholders next week, informing them of this change, and providing them with a Partnership Disclosure Notice to keep with their records. Partnership eligibility for Performance LTC (PLTC) policyholders in Virginia #goldencareagent #johnhancock
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Next Round of In-force Rate Action Notifications to Take Place in Late March
In late March, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after July 1, 2018. The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Connecticut and Pennsylvania. Also impacted are John Hancock LTCI individual Interstate Compact approved policies in Maryland, Minnesota, Nebraska, Ohio, Pennsylvania and Utah. The 2013 rate action notifications will include Fortis LTCI individual policies originally issued in Illinois. Finally, we will continue the implementation of the 2013
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Transamerica: Why Wealth + Health Works
At Transamerica, we’re in the business of helping people live well, whether that means building the financial means to provide for a long, comfortable retirement, or building the healthy habits to enjoy it. It’s all about the little steps we take today that can make a big impact tomorrow. Understanding the connection between financial health and personal wellbeing can elevate your approach to clients and forge stronger relationships for life — and generations to come. This week’s Changing the Conversation content includes: An interactive website from the Wall Street Journal introducing wealth + health An infographic demonstrating how creating simple
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Gerber Life “Advance Payment” Grow-Up® Plan
Looking for a new spin on an old favorite from Gerber Life? Introducing Gerber Life’s new “Advance Payment” Grow-Up® Plan. If your clients are looking for the convenience of making a single advanced payment* to purchase a children’s whole life policy, then look no further. The “Advance Payment” Grow-Up® Plan is designed for parents and grandparents who are looking for simplicity. It has all the same features and benefits as The Grow-Up® Plan but with a twist — now your clients can make a single advanced payment to buy a policy and have that policy paid up for a selected
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Children’s Whole Life iPipeline e-App Pending Cases
We updated our Children’s Whole Life iPipline e-Application on January 19th, 2018. As part of that update, we implemented a 30 day transition period for pending cases so no information on the e-Apps would be lost. The transition period will be ending on 2/24/18 and the old e-App version will no longer be available. Please follow the instructions below for your pending cases: If you have Children’s Whole Life cases that were started before 1/19/18 in the iPipeline e-App that have not been submitted, you will need to submit your cases before 2/24/18. On 2/25/18 Children’s Whole Life cases that
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Jump on the Express
Our Express life insurance products offer simplified underwriting and application processes, which means policies are issued faster and you get paid quicker. Plus, you can easily track your cases online anytime on our Sales Professional Access website (www.mutualofomaha.com/broker). Here’s how our Express products can help your clients and increase your sales. Jump on the Express #goldencareagent #mutualofomaha
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