EssentialLTC – Monthly Modal Factor utilized to determine monthly premium is being lowered in 38 states Effective May 23, 2018, the modal factor utilized to determine the monthly premium amount for the EssentialLTC product is being lowered in 38 of the states where the EssentialLTC product is currently available. The change will be from a current factor of .095 to a new factor of .0875. This change will occur in the following states: Alaska Iowa Michigan New Hampshire Pennsylvania Vermont Alabama Kansas Minnesota New Mexico Rhode Island Virginia Arkansas Kentucky Mississippi North Carolina South Carolina Washington Colorado Louisiana Missouri Ohio
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EssentialLTC Partnership Policy Available In 7 Additional States May 23rd
National Guardian Life Insurance Company (NGL) is pleased to announce that effective May 23, 2018, the EssentialLTC policy will now be available as a partnership policy in the following seven states: Alabama Colorado Nebraska Wyoming Arkansas Louisiana Tennessee Applications submitted in these states which are dated May 23, 2018 and after require additional application forms. The new application forms for each state will be available via the Agent Resource Center on May 23, 2018. The additional forms must be utilized for all applications received June 1st, 2018 and after. Determination of Partnership Eligibility EssentialLTC policies issued in one of these
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Even a Hero Needs to Stay Current and Gerber Life Can Help
Gerber Life Helps You Get Information Fast And Easy Gerber Life understands your time is limited and you need ways to get information fast and easy. So, while you’re busy rescuing a family from an uncertain financial future or protecting a child’s impending dreams, we’ve got you covered. Appointed agents of Gerber Life Insurance Company have access to an array of resources to help you do your job even better – so you can be a hero to your clients each and every day. Gerber Life’s Agent Portal Your personalized Gerber Life Agent Portal can help you be more self‐sufficient
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Genworth to Suspend Sales of Long Term Care Insurance in Montana
Genworth continuously monitors, examines and manages our business to help ensure we are offering products that are priced to balance consumer needs with our desire to achieve long-term profitability. As a result, on May 21, 2018, Genworth will suspend sales of individual long term care insurance in Montana. 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, as we will
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Genworth and Long-Term Care.
May is Disability Insurance Awareness Month
How do your clients protect their income? Most people get insurance information from several different sources. The news, the internet or even friends and family. But how do these people know what the right answers are when it comes to income protection? Offer your clients Priority Income Protection® and you become the expert they need on income protection. PIP has a maximum monthly benefit amount of $4,000 and gives your clients up to 70% of their net income should they be unable to work due to illness or injury. Other advantages to PIP: Simple, affordable coverage with no medical exam
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Rate Adjustments Effective August 1, 2018
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 August 1, 2018: Block of Business Impacted States LTC06UI Oklahoma, North Carolina LT50, NH50, HCA, NHA, LTA Arkansas
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Mutual of Omaha: LTC e-App Update
A new feature has been added to the LTC e-App. Based upon feedback, a delete button has been added, allowing you to manage your dashboard by removing a case from your view if the application has not been submitted. Now your dashboard can be clear of any unwanted applications that have not been issued. We hope this makes managing your applications easier. Keep giving us suggestions on anything that would make the e-App better. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. LTC e-App Update #goldencareagent #mutualofomaha
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Medicare Supplement News – Omaha Family of Companies
June Modernized Rate Release Please view the upcoming June Rate Release in AK, DC, ID and WY. 2018 Marketing Credits Program Medicare Supplement Marketing Credits are as good as cash! Our Marketing Credits Program will reimburse you for some of your business expenses. View the flyer for complete details. New Medicare Supplement Plan in Indiana Effective May 25, 2018, you may begin selling our new competitively priced Medicare supplement in Indiana underwritten by United World Life Insurance Company, an affiliate of Mutual of Omaha. #goldencareagent #mutualofomaha
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Good News | Here’s A Way To Maximize Coverage For Tough-To-Underwrite Clients
Unique Strategy To Create More Sales Opportunities Don’t lose a sale over strict LTC underwriting requirements! Conserve more of your business by maximizing Facility Benefits on GTL’s Critical Cash™ and supplementing Home Care benefits by adding GTL’s stand-alone Home Health Care policy. This way, you can provide as much coverage as possible, while still keeping the premiums within reason! Guarantee Trust Life Critical Cash, Plan A Married Couple, Both 55 $597.64/Year Each, $1,220.28/Year Total* $500/month Base Benefit $5,500 Nursing Home Benefit ($2,750 Assisted Living Benefit) 24-Month Plan ($432,000 Bucket Each) View Quote Home Health Care, Plan A Married Couple,
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“Simple test’ improves dementia prediction rates”
“‘Simple test’ improves dementia prediction rates,” Healio Quote: “Among patients with declining Mini-Mental State Examination scores, administration of the Visual Association Test may help identify those at higher risk for dementia, according to findings that were just published in Annals of Family Medicine.” LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform): Early identification of dementia risk is more important than ever now that research like Dr. Dale Bredesen’s in The End of Alzheimer’s suggests dietary, exercise and other interventions can delay and even reverse its progression. See “LTC Bullet: The End of Alzheimer’s,” Friday, April
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Clippings, Industry News, and Long-Term Care.
