Virginia Approves CWL Product Modifications

Effective April 9, 2018, the new Children’s Whole Life product modifications are available for your clients in Virginia. The CWL product modifications are now available in all states, except Washington. Children’s Whole Life Product Enhancements Increased maximum face amount Old Maximum Face Amount – $30,000 NEW Maximum Face Amount – $50,000 Improved Guaranteed Insurability Rider Old rider triggers for additional coverage – Can add additional coverage at ages 30, 33, 36 and 39 If the election is not made on the first option date, the rider is discontinued NEW rider triggers for additional coverage – Ages 25, 30, 35 and
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

The Marketing Credits Program Just Got Better

More Ways to Earn Marketing Credits Marketing Credits can already be earned for the LTCi and Medicare Supplement applications agent place with Mutual of Omaha and its Affilates. Here’s where it gets even better. Mutual of Omaha now pays marketing credits on many of the collateral products customers may need, including Critical Illness, Cancer, Heart Attack/Stroke, and Priority Income Protection® (Disability Income). While details of how credits are paid vary slightly, one thing is the same… marketing credits help you find more customers and make more sales! It’s like cash in your pocket!  Marketing Credits can be used for all
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Categories: Critical Illness, Disability Income Insurance, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

New Medicare Card Project – Important Updates

IN THIS ISSUE       New Medicare Card Project – Important Updates We’ve started mailing newly-designed Medicare cards with the new Medicare Beneficiary Identifier (MBI), or Medicare Number. People enrolling in Medicare for the first time will be among the first to get the new cards, no matter where they live. Current Medicare beneficiaries will get their new cards on a rolling basis over the coming months. We’ll continue to accept the Health Insurance Claim Number (HICN) through the transition period. During our planning, we’ve continuously adjusted and improved our mailing strategy to make sure we’re: Mailing the new
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Categories: Industry News and Medicare Supp./Adv..

LifeSecure’s Long Term Care Insurance for the Worksite

LifeSecure’s Long Term Care Insurance for the Worksite In June, we will release our next-generation Long Term Care Insurance to existing worksite groups. Enrollment for new worksite groups will open in October with effective dates starting Jan. 1, 2019. Key Dates & Procedures April 12: You may begin using the Group Proposal Tool in the Agent Portal to run proposals for new LTCi quotes. While proposals will be available for all worksite groups, enrollment timelines will differ for new and existing groups (see below). June 28: Existing worksite groups that met simplified enrollment requirements during their initial launch may be
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Categories: Industry News, Life Secure, and Long-Term Care.

Check Out Our GTL Sales Promotion

  Few things go together as perfectly as Salt & Pepper. Guarantee Trust Life Insurance Company’s recently-launched Home Health Care product complements the Critical Cash plan so well – it’s a close comparison! Now through the end of May, write both policies on an individual client and DOUBLE your earnings! We’ll demonstrate just how well these products “go together.”   States in which BOTH products are available: AL, AK, AR, AZ, CO, DC, DE, HI, IA, ID, IL, IN, KY, LA*, MD, MI, MO, MS, MT, NC, NE, NV, OH*, OK, SC, TN, WV, WY * For Promotion Details, Rules & Conditions,
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Categories: GoldenCare News, Guarantee Trust Life, and Industry News.

Corrected Copy: In-Force Rate Action Announcement: Maine (Pre-PCS, PCS I)

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. Maine has now allowed the following increases: Maine Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 11.3% 17.8% PCS I 6.4% 26%       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
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Categories: Genworth and Long-Term Care.

“What You Need To Know About Social Security and Medicare Changes for 2018”

“What You Need To Know About Social Security and Medicare Changes for 2018,” by David Rae, Forbes Quote: “Each and every year we see some small changes to Social Security and Medicare. This year is no different. How much you will receive from Social Security during retirement, to the caps on payroll taxes to fund future benefits are just a couple of the common areas with changes. Medicare beneficiaries will mostly pay more for their health-care premiums in 2018. There are also changes to new income rules that determine your Medicare surcharges for 2018.”   LTC Comment (from Damon V
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Categories: Clippings, Industry News, and Long-Term Care.

“The Long-Term-Care Insurance Dilemma”

“The Long-Term-Care Insurance Dilemma,” by Kimberly Lankford, Kiplinger’s Personal Finance Quote: “One of the most effective ways to protect your retirement savings from the high price of assisted living, in-home care or a stay in a nursing home is a long-term-care insurance policy. But recent premium hikes have many baby boomers worried that coverage is no longer affordable. “Don’t drop your policy if you’re faced with an increase; new coverage will cost a lot more. Although Ashley’s annual premiums increased by more than 75%, he’s 19 years older and his daily benefit has grown by 5% a year. A new
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Categories: Clippings, Industry News, and Long-Term Care.

“Insurers likely to add and trim senior living benefits, thanks to relaxed Medicare rule”

“Insurers likely to add and trim senior living benefits, thanks to relaxed Medicare rule,” by John O’Connor, McKnight’s Senior Living Quote: “Medicare managed care enrollees may soon enjoy enhanced senior living benefits, thanks to a new rule. But existing coverage also may be reduced or eliminated when revamped policies hit the marketplace, according to several analysts.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  This trend of Medicare, especially Medicare Advantage, moving into providing long-term care bears watching closely. Insurers likely to add and trim senior living benefits, thanks to relaxed Medicare rule #senior #medicare #goldencareagent
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Categories: Clippings, Industry News, and Long-Term Care.

“Caring for elderly parents can put a dent in your budget”

“Caring for elderly parents can put a dent in your budget,” by Sarah O’Brien, CNBC Quote: “The biggest monthly expenses for caregivers are medicine and medical supplies ($273), food ($159) and personal-care items ($151). About half of current and past caregivers did not know in advance that they would be stepping into that role. In advance of finding yourself in that situation, whether expected or not, it’s worth having a conversation with your parents about how they envision their care if they reach a point where they no longer can care for themselves.” LTC Comment (from Stephen A. Moses, President,
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Categories: Industry News and Long-Term Care.