Medicare Supplement News – Omaha Family of Companies

Upcoming Rate Adjustments Please view the upcoming rate adjustments for NC, WA and WI. •  In-force Rate Adjustments — MOO- WA, WI •  Standardized Rate Adjustment — MOO – WA •  Plan N Rate Adjustment — UMS- NC •  Modernized Rate Adjustment — UW – NC   July Modernized Rate Release Please view the upcoming July Rate Release in AR, AZ, CA, CT, LA, MN, ND, and RI.   Rate Correction to OIC MO Plan N The Rate Adjustment communication that went out on June 6, 2018 for Missouri, Omaha Insurance Company, showed the incorrect rates for Underage 65 Plan
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Gout Linked to Higher Risk of Dementia”

“Gout Linked to Higher Risk of Dementia,” by Janice Wood, PsychCentral “A new study finds that gout is associated with a 17 to 20 percent higher risk of dementia in the elderly. A common condition, gout is caused by deposits of crystals of uric acid (also known as urate) in the joints, which leads to inflammation. Symptom flares can be unpredictable and debilitating, developing over a few hours and causing severe pain in the joints. … In an analysis that was adjusted for various potential confounding variables, including demographics, comorbidities, and commonly used medications, the study’s results showed that gout
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Categories: Clippings, Industry News, and Long-Term Care.

Telephone Solicitation Bans for the Month of July 2018

Please be aware of the following holidays requiring a U.S. holiday telephone solicitation ban for the month of July. On Wednesday, July 4, 2018: Alabama, Louisiana, Mississippi, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Independence Day On Tuesday, July 24, 2018: Utah prohibits unsolicited marketing calls to residents in observance of Pioneer Day Telephone Solicitation Bans for the Month of July 2018   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Transamerica Credit Card Process Change

Effective June 15, 2018, Transamerica is implementing a new process for all credit card transactions that will help to secure credit card and other private information used when transacting business. Transamerica will no longer accept credit card numbers. Instead, credit card numbers must be converted to a token number using our website. The token number is then placed on the application and in iGo or wherever a credit card number is requested today. New Business Agents will need to discontinue writing the credit card number on the paper application or putting it into the iGo web application. Instruct customers to
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Categories: Industry News, Life Insurance, Medicare Supp./Adv., and Transamerica.

Sentinel Payment Processing Suspended June 15

Accounting Update to Cause Payment Processing Suspension June 15 An Accounting system upgrade will occur Friday June 15, 2018. As a result, we will not be processing payments on this day. We expect Monday, June 18th to be a normal payment day. Thank you for your patience and understanding as we take steps to improve our internal systems.   #goldencareagent #sentinel
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Categories: Industry News, Medicare Supp./Adv., and Sentinel Security Life.

GTL’s Medicare Supplement Rates Ranked #2 for June!

GTL has been rated #2 in overall Medicare Supplement premium rate competitiveness by CSG Actuarial for June 2018! Extremely competitive rates  •  Great household discounts 3-4 day turnaround time  •  Over 40 years in the market Available on our e-App  •  Get paid weekly National average rate increase of only 3.5% ORDER SUPPLIES   Available in 27 and more coming soon!   GTL’s Medicare Supplement Rates Ranked #2 for June!   #goldencareagent #gtl #medsupp
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Categories: Guarantee Trust Life, Industry News, and Medicare Supp./Adv..

Genworth & Oceanwide CFIUS Review Completed

Committee on Foreign Investment in the United States Completes Review of Proposed China Oceanwide and Genworth Financial Transaction 06/09/2018 RICHMOND, Va., June 9, 2018 /PRNewswire/ — China Oceanwide Holdings Group Co., Ltd. (Oceanwide) and Genworth Financial, Inc. (NYSE: GNW) today announced that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of their proposed transaction and concluded that there are no unresolved national security concerns with respect to the proposed transaction. This satisfies one of the conditions to the closing of the proposed transaction. In connection with the CFIUS review of the proposed transaction, Genworth
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Montana (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. Montana has now allowed the following increases: Montana Product Series Increase Percentage Privileged Choice 7.3% Classic Select 7.3%     This rate increase applies to Non-AARP and 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. Policyholder notifications will begin June 19, 2018 and will continue throughout the
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Categories: Genworth and Long-Term Care.

United Security Assurance: Help Us … Help You

Help Us … Help You Below are some helpful tips for working with our Underwriting Team in an effort to accurately pre-qualify your clients and effectively expedite your new business. When calling in to pre-qualify a client, here is a check list of information you should have available: State in which the applicant resides Applicant’s age, gender, height, and weight If applicable, a complete list of medications (dosage amount and frequency used) Any hospitalizations or surgeries that applicant experienced within the past 5 years. This includes out-patient surgeries/short procedures, emergency room visits, or overnight hospital stays When submitting new business
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Categories: Industry News, Long-Term Care, and United Security.