Genworth Financial Announces Second Quarter 2018 Results

07/31/18 Net Income Of $190 Million And Adjusted Operating Income Of $200 Million RICHMOND, Va., July 31, 2018 /PRNewswire/ — As Announced On June 9, 2018, The Committee On Foreign Investment In The United States (CFIUS) Completed Its Review Of The Proposed Transaction Between Genworth And China Oceanwide Holdings Group Co., Ltd (Oceanwide) And Concluded That There Are No Unresolved National Security Concerns U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $137 Million Which Included A Favorable $22 Million After-Tax Reserve Adjustment U.S. MI’s PMIERs1 Sufficiency Ratio At 129 Percent, In Excess Of $700 Million Above Requirements Following A $50
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Categories: Genworth, Industry News, and Long-Term Care.

Quick Tip: Quoting with MutualCare® Solutions Software

Mutual of Omaha’s Custom Solution plan offers Monthly Benefit options ranging from $1,500 to $10,000 (in $50 increments), and Policy Limit options ranging from $50,000 to $500,000 (in $500 increments). There are countless combinations, although valid plan lengths must be between 2.08 – 8.33 years.  (Years = Limit ÷ Maximum Monthly Benefit ÷ 12) With all of the many possibilities, how can you quickly and easily identify valid benefit combinations? Check out the “Pick Max” buttons on the MutualCare® Solutions software, to the left of the Monthly Benefit drop-down boxes. Clicking will open a pop-up box. Within the graph, allowable
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Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Medicare Supplement Buyers Guide

Please be advised that the 2018 buyer’s guide, Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare, HCFA02110_2018, has been released by CMS. At this time we do not have stock available to order but you may save the attached PDF and print or email to your clients if needed. We are working on securing stock and estimate it will be available in approximately in 3 – 4 weeks. Please watch for an announcement when it becomes available to order. You may continue to use the HCFA02110_2017 document if you need a hard copy. The guide
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Good News | How Do You Determine The Best LTCi Plan For Your Clients?

Long-Term Care Insurance Product Comparison Chart Long-Term Care insurance is complex. And in today’s market, LTCi policies almost never compare “apples to apples,” making it all the more difficult to navigate the options. Having a quick-reference guide to available policy features and riders, on several top LTCi carriers, would be a great advantage. Check out our LTC Product Comparison Grid This includes current plan details, issue ages, the A.M. Best financial strength ratings, and state availability for:  Mutual of Omaha, Genworth, Transamerica, National Guardian Life (NGL) and United Security Assurance. You don’t have to be an LTCi expert… but now
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Dr. Bill Thomas’ tiny house prototype now available for rent”

“Dr. Bill Thomas’ tiny house prototype now available for rent,” by Lois A. Bowers, McKnight’s Senior Living “The prototype of a tiny house introduced about a year ago by Dr. Bill Thomas is now available for rent through AirBnB for those who would like to try it out. Thomas envisions the prefabricated houses as accessory dwelling units or clustered into so-called pocket neighborhoods — for older adults and others who need affordable housing and desire to remain independent.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another creative LTC idea from the inimitable Dr. Thomas. Dr.
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Categories: Clippings, Industry News, and Long-Term Care.

“Fitch Wants Insurers to Post More LTCI Performance Data”

“Fitch Wants Insurers to Post More LTCI Performance Data,” by Allison Bell, ThinkAdvisor “Analysts at Fitch Ratings want life insurers to post more details about their long-term care insurance (LTCI) blocks. If life insurers post more, standardized LTCI performance information, and the increased supply of information makes the performance of each LTCI block easier to compare with the performance of other blocks, that would be ‘supportive of creditworthiness,’ Fitch says. Fitch made the plea for more LTCI performance information in a comment on its views of the LTCI sector.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care
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Categories: Clippings, Industry News, and Long-Term Care.

“Abusive Unlicensed Care Homes Are ‘Hidden In Plain Sight’ In America, Researcher Says”

“Abusive Unlicensed Care Homes Are ‘Hidden In Plain Sight’ In America, Researcher Says,” by Robin Seaton Jefferson, Forbes “After completing a year-long study on unlicensed care homes in the United States, researchers are recommending among other things further investigation, more oversight and new ways to locate homes where they say ‘egregious crimes’ are being committed against the elderly, disabled and mentally ill. The independent, non-profit research firm, RTI International, completed the exploratory study and report for the Office of Disability, Aging and Long-Term Care Policy and the Office of the Assistant Secretary for Planning and Evaluation of the U.S. Department
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Categories: Clippings, Industry News, and Long-Term Care.

“The hidden male caregiver”

“The hidden male caregiver,” by Christina Ianzito, San Diego Union-Tribune “When we think of family caregivers, we tend to think of women. And in fact the typical caregiver is a middle-aged woman caring for a relative, often her mother. But the face of American caregiving is changing rapidly, according to “Breaking Stereotypes: Spotlight on Male Family Caregivers,” a recent report from AARP. Eight years ago, just 34 percent of caregivers surveyed were men. Today, 40 percent of the 40 million Americans caring for a loved one are male.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Categories: Clippings, Industry News, and Long-Term Care.