Administrative announcement: address change confirmations

ADMINISTRATIVE ANNOUNCEMENT – ADDRESS CHANGE CONFIRMATIONS March 20, 2018 Due to a system error, advisor copies of Customer Address Change Confirmations have not been producing. We have identified and corrected the issue. To ensure that your records are complete, we are sending copies of confirmations dating back to September 2017.   Administrative announcement: address change confirmations  (Login required)   #goldencareagent #minnesotalife #securian
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Categories: Industry News, Linked Benefit/Hybrids, and Minnesota Life.

In-Force Rate Action Announcement: Wyoming (Choice 1)

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. Wyoming has now allowed the following increase: Wyoming Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 55% 72%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Washington DC (Choice 1)

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. Washington DC has now allowed the following increase: Washington DC Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 10% 10%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Pennsylvania (Choice 1)

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. Pennsylvania has now allowed the following increase: Pennsylvania Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 20% 20%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Michigan (Choice 1)

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. Michigan has now allowed the following increase: Michigan Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 55% 72%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Louisiana (Choice 1)

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. Louisiana has now allowed the following increase: Louisiana Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 20% 20%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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Categories: Genworth and Long-Term Care.

Long-Term Care Insurance: The BIG Deal

The BIG Deal While everyone is talking about climate change and economic issues, no one is talking about the biggest issue facing the world today: Aging. Every day until 2030,  10,000 Baby Boomers will turn 65.1  By 2050, 1 out of every 4 people in the world will be over 65.2  And of those, more than half will need some form of long term care.3   The issue of aging don’t just affect older people. They impact everyone. We are all someone’s spouse or child, grandchild, neighbor, or friend. We all know and love someone that will need care and
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Categories: Genworth, Industry News, and Long-Term Care.

S&P raises Securian’s financial strength to AA-

S&P raises Securian’s financial strength to AA- (Very Strong) with a stable outlook March 6, 2018 Today, Standard & Poor’s (S&P) raised Securian’s financial strength rating to AA- (Very Strong) with a stable outlook. The rating and outlook apply to Securian Financial Group subsidiaries Minnesota Life and Securian Life. The ratings upgrade reflects Securian’s diversified busines profile, strong GAAP operating performance and solid market position in the group life and indexed universal life markets. S&P also noted that Securian has “shown solid retention in almost every segment, managing profitable growth while maintaining market share.” S&P also cited Securian’s “extremely strong
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Categories: Industry News, Linked Benefit/Hybrids, and Minnesota Life.

United Security Assurance: Agent Access

Secure Access To Agent Portal We would like to encourage all our licensed producers who have not already done so, to register for our website today. Registered producers have direct access to online training, sales, and information tools. There are also links to view, download, or print our marketing materials and the ability to download our quoting software. Call our Marketing Team at 800-872-3044 if you experience any problems registering for our website.   https://usaofpa.com/   #goldencareagent #unitedsecurity
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Categories: Industry News, Long-Term Care, and United Security.

United Security Assurance: Positive Feedback

Positive Feedback Recently our Coventry Service Program’s1 Wellness Specialists received some positive feedback from two LifeStyle Solutions policyholders. The following comments were extracted from recent telephone calls. “I really appreciate it when your company periodically calls to check up on me.” “Having long term care insurance is very important to my overall financial plan and ensures the legacy which I will provide to others.” When policyholders qualify for benefits, our SecureHorizons plan includes an annual information and consultation session with the Coventry Service Program at no additional cost or charge. The purpose of the annual session is to help policyholders
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Categories: Industry News, Long-Term Care, and United Security.