In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and training live webinars! To register, Click Here. Update Your Contracts Look for an upcoming LTC CEO Office, Home and Internet Selling Tools Software update, coming in the next couple weeks with all the latest tools! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find out how to get your copy here. Our Guest Article
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“CMS announces new ‘innovations’ to Medicare Advantage plans”
“CMS announces new ‘innovations’ to Medicare Advantage plans,” by Marty Stempniak, McKnight’s LTC News “The federal government announced a broad array of changes to Medicare Advantage plans last week in hopes it will further pressure providers to up their game in caring for seniors. Centers for Medicare & Medicaid Services officials said Friday that those ‘innovations’ will include everything from customizing plans based on beneficiaries’ chronic conditions and socioeconomic status to increasing access to telehealth services. It also wants to up plans’ incentives for seniors to improve their health.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care
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Clippings, Industry News, and Long-Term Care.
“5 Things Actuaries Are Saying About Death Now”
“5 Things Actuaries Are Saying About Death Now,” by Allison Bell, ThinkAdvisor “Life insurers use their own private mortality data, and general life insurance industry mortality data, to design and price life insurance policies and annuities. Some of the top mortality experts in the world are the life insurance and pension actuaries who work on Society of Actuary (SOA) mortality analyses. Three SOA actuaries— R. Jerome Holman, Cynthia MacDonald and Peter Miller — recently released a new mortality report, ‘U.S. Population Mortality Observers: Updated with 2017 Experience.’ … Here’s a look at five things that happened to U.S. mortality in 2017,
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Clippings, Industry News, and Long-Term Care.
“Medicare Advantage industry sees slower growth for 2019”
“Medicare Advantage industry sees slower growth for 2019,” by Shelby Livingston, Modern Healthcare “Medicare Advantage insurers added 1.4 million members to their rosters for 2019 coverage, as they looked to grow membership in a market known for being politically safe and predictably lucrative. But Advantage membership is growing at slower pace compared with previous years.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): “[A] market known for being politically safe and predictably lucrative” sounds too much like crony socialism. So with everything going for it—beneficial policy, political support, consumer preference and better profit margins—why is MA
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Clippings, Industry News, and Long-Term Care.
Medicare News – Omaha Family of Companies
Medicare Supplement: Brokerage Health Sales Monthly Webinars Each month, attend webinars to build your Medicare business. Topics include Medicare supplement, dental and prescription drug plans. Wisconsin 2019 Buyers Guide Available The 2019 Wisconsin Guide to Health Insurance for People with Medicare is now available to order. Medicare Advantage and Prescription Drug Plans: New 2019 Medicare Advantage Open Enrollment Period (OEP) Between January 1–March 31 each year, individuals enrolled in a Medicare Advantage Plan (MA or MAPD) can make a one-time election. #goldencareagent #mutualofomaha
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SecureCare multi-pay now available in Hawaii!
SecureCare multi-pay now available in Hawaii! Thanks to our enhanced SecureCare Universal Life, your long-term care (LTC) conversation just got easier. Now you can offer a long-term care insurance option that gives your clients the flexibility, simplicity and freedom they deserve. Our new-and-improved SecureCare is now available in Hawaii, and boasts enhanced features and benefits, including: Cash indemnity benefits Single and multi-pay options Reduced-paid up benefit1 Learn more 1 Reduced paid-up benefit refers to the reduced paid-up nonforfeiture benefit that purchases paid-up insurance in the event of premium lapse. SecureCare multi-pay now available in Hawaii! #goldencareagent
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The New LTC Rider is Now Approved in Montana
On February 1, agents selling in Montana will now have an additional option to help meet clients’ long-term care planning needs. The new Long-Term Care Rider will be available for you on our Income Advantage and Life Protection Advantage Indexed Universal Life (IUL) insurance policies. The LTC Rider provides: Benefits for Nursing Home, Assisted Living, Home Health Care and Adult Day Care Maximum total benefits up to 100% of the initial specified death benefit 1%, 2% or 4% monthly acceleration percentages One-time, 90 calendar-day elimination period Automatic issue of the Chronic Illness Rider if the client doesn’t qualify for the
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IUL Performance in the Current Markets
We always like to see clients’ policies being credited at their cap rates; however, in a down market we also like to see that your clients are protected. Down markets are often where the value proposition of an IUL product is truly revealed – they show how your client can not only experience upside potential, but also have downside protection. Our client-approved historical performance flyers for Income Advantage IUL and Life Protection Advantage IUL show how clients have received credits when the S&P 500 has been up (equivalent to the cap rate in most months), and now based on December
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IUL Max Illustrated Rate Change
Effective February 1, 2019, the IUL maximum illustrated rates in WinFlex Web will increase as follows: Income Advantage IUL: 100% Participation Rate with 11.50% Cap: Increasing from 6.76% to 6.80% 140% Participation Rate with 8.50% Cap: Increasing from 5.59% to 5.62% 65% Participation Rate with No Cap: Increasing from 6.76% to 6.80% Life Protection Advantage IUL: 100% Participation Rate with 9.50% Cap: Increasing from 5.85% to 5.89% 140% Participation Rate with 7.50% Cap: Increasing from 5.00% to 5.02% 55% Participation Rate with No Cap: Increasing from 5.85% to 5.89% Please note, only the maximum illustrated rate is changing. The IUL
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Kick off a new year with Care Solutions webinars!
Build your LTC knowledge with us Learn and Earn: Care Solutions Webinars Ready to dig into the OneAmerica® Care Solutions product suite? Our webinars will take you from high-level concepts to in-depth topics all related to our asset-based long-term care (LTC) solutions. All webinars are free to attend! Care Solutions Suite and Concept Training Get back to basics! Learn all about asset-based LTC solutions: how they work, how to set up sales, different funding options, product features, benefits and more. Webinars are every other Friday, 11 a.m.-12 p.m. ET. Register Now » Care Solutions Live Deep Dives Go
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