The Critical Advantage underwriting guide has been updated with the following changes: Dependent child and partner conversion option and partner continuation of insurance have been added. Email and e-App options have been added to application submission and quote sections. Collected premium on incomplete or denied applications has been changed from ‘will be refunded’ to ‘will be destroyed’. Premium processing has added, no money orders, cashiers checks or collection on delivery. A state difference matrix has been added. The updated underwriting guide is available on MOD, SPA and forms and materials If you have any questions, please contact Mutual of
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Reduce the Burden of Caregiving with Long-Term Care Insurance
If your client’s plan is relying on family to care for them if the need for long-term care services arises, show them that an LTCi policy is a better plan. Being a full or part-time caregiver to a loved one is one of the toughest, most demanding and financially limiting jobs someone can do. Some of the built in benefits of an LTCi policy include home health care, facility care, respite care and hospice care. Having these benefits will help ease the burden of caregiving for family members. To learn more about a better solution than relying on family members,
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Arthur J. Gallagher & Co. Acquires Palmer Atlantic Insurance Ltd
03/12/2018 Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Palmer Atlantic Insurance Ltd (Palmer Atlantic), located in New Brunswick, Canada. Terms of the transaction were not disclosed. Founded in 1976, Palmer Atlantic is a retail property/casualty broker specializing in the transportation and logistics sector, and a leading trucking insurance specialist in Atlantic Canada. For more than 40 years, Palmer Atlantic has provided commercial insurance and risk management solutions to a wide range of industries and clients in the Atlantic region. Joe Palmer and his associates will continue to operate from their current location under the direction
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Arthur J. Gallagher & Co. Acquires Williams Insurance Agency, Inc.
02/06/2018 Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Sioux Falls, South Dakota-based Williams Insurance Agency, Inc. Terms of the transaction were not disclosed. Founded in 1967, Williams Insurance Agency offers a full range of property/casualty, life, health and voluntary benefits coverages to businesses and individuals primarily across the state of South Dakota. Greg Heineman, Timothy Donohue, Dwight Vondra and their associates will continue to operate from their current location under the direction of Patrick M. Gallagher, head of Gallagher’s Midwest retail property/casualty brokerage operations, and Jerry Roberts, head of Gallagher’s Heartland region employee benefits consulting
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In-Force Rate Action Announcement: North Carolina (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 Carolina has now allowed the following increase: North Carolina Non-AARP Product Series Increase Percentage Privileged Choice 22.4% Classic Select 22.4% North Carolina AARP Product Series Increase Percentage Privileged Choice 22.4% phased 15% / 6.5% compounded Classic Select 22.4% 15% / 6.5% compounded Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to
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Genworth, Industry News, and Long-Term Care.
IMPORTANT: Re-download NGL Rate Calculator
New NGL Rate Calculator Available for iOS (iPhone) and Android, Please Download ASAP A new version of the mobile NGL Rate Calculator for both iOS (iPhone) and Android was just released late Friday (3/9) and should be downloaded immediately. We had discovered a bug in the application that prevents the rates from changing when the user changes the growth rate selected, causing incorrect rates to be displayed. This issue only affects the mobile versions of the rate calculator; the desktop version you may have downloaded and the web version available on MyNGLIC.com are functioning correctly and displaying the correct rates.
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Transamerica: Electronic Application Signature Rules
Electronic Application Signature Rules In order to clarify the various electronic signature methods, a helpful Grid/Checklist has been developed. It outlines the electronic signature rules for various products. View the grid/checklist now, or access through your agent portal. If you have any questions, don’t hesitate to contact the Transamerica Sales Desk at 877-532-4910. Thank you for trusting Transamerica to protect your families. Electronic Application Signature Rules #goldencareagent #transamerica
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Rx coverage questions? What you need to know
Help your Medicare clients understand their Rx coverage Use these tips to help retain your Medicare clients and prevent complaints Remind your clients: Aetna and Coventry Rx plans (i.e., MAPD and PDP) require them to use a network of pharmacies to get their prescription drugs. If their Rx plan has a deductible for prescription drugs, it only applies to drugs on tiers 3, 4 and 5. If their Rx plan includes a preferred pharmacy structure, they may be able to save money by using particular pharmacies (called our preferred pharmacies). The Medicare Part D program has 4 benefit stages: the
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Gerber Life Insurance’s Interactive Voice Response System Updated
Breaking News! Gerber Life Insurance’s IVR (Interactive Voice Response) phone system has gone through an overhaul. Now it is faster and easier to get information. What has changed? Choose options based on your role as either a: Writing Agent, or Back office, Case Manager, or Agency Representative New Appointment status information includes: # of active appointments # of pending appointments # of terminated appointments Appointment status by state (last 60 days) New Commission details include: Commission cycle information Last commission amount paid Form of payments New Payment options include: Automatic payments One time payments Debt Payment (coming soon) What authentication
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Genworth eSuites Demo Webinar Next Thursday, 3/22
eSuites Demo Day Thursday, March 22 at: • 11:00 AM Eastern / 10:00 AM Central • 3:00 PM Eastern / 2:00 PM Central Genworth’s eSuite of New Business Tools provides a paperless solution for the entire selling process. Initially, our eSuite will include updated quoting, an electronic application, eSignature capability and the ability for you to schedule your clients’ underwriting interview. Currently, 25% of our applications are coming in via eSuites. Join us to see what the buzz is about! The call will not be recorded, attendance is limited. Genworth eSuites Demo Webinar Next Thursday, 3/22 #goldencareagent #genworth
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Genworth and Long-Term Care.
