MutualCare® Solutions policies give your clients two options on receiving long-term care benefits – cash and reimbursement. Cash Benefit The cash benefit can be used for any services that supports the plan of care. Plus, there is no elimination period to meet before receiving the cash. Reimbursement Benefit After the elimination period is met, the reimbursement benefit allows your client to access covered long-term care services, reimbursed up to the selected amount each month. Best of all, your clients have the flexibility to switch between the cash or reimbursement benefit at any time. For more details on the MutualCare® Solutions
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Why sell PIP? Good Reasons to Offer this Off-the-Job Coverage
Your clients may feel like they spend most of their life at work. But the truth is most of their time is spent away from work. Priority Income Protection® covers any disability that occurs off the job and not caused by or related to any employment. Off-the-job coverage means your clients are covered for injuries resulting from shoveling snow, playing with kids or riding a bike. And, since it’s off the job coverage, there are no occupation class restrictions. To check out more benefits of Priority Income Protection®, click here. If you have any questions, please contact Mutual of
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Improvements to Fully-Underwritten Underwriting Requirements
We have recently improved our underwriting requirements, making it even easier for your clients to get the coverage they need. Effective January 1, 2019: We removed the NT-Pro BNP and EKG requirements for certain ages and face amounts. We are no longer requiring MD exams. Clients who previously needed to complete an MD exam will now only need a Paramed exam. Our Life Underwriting Guidelines booklet and LTC Rider Information and Underwriting Guide have been updated with the new requirements. These new guides can be ordered through your normal supply channels. We appreciate your business and are committed to providing
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Upcoming EssentialLTC State Release – Hawaii
EssentialLTC News NGL EssentialLTC to be available in Hawaii Keep your eyes peeled for a release announcement coming soon! If you have questions , please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com. #goldencareagent #ngl
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Western & Southern Financial Group Acquisition and Baby Logo
TRADEMARK USAGE FOR GERBER LIFE INSURANCE AND BABY LOGO As you know, Gerber Life Insurance Company was acquired by Western & Southern Financial Group, effective December 31, 2018. As part of the acquisition, Western & Southern entered into a formal trademark license agreement with Société des Produits Nestlé S.A. and Gerber Products Company for the right to use the name Gerber Life and the iconic Gerber baby logo. As stated in your Agent Agreement and the Compliance Manual, you must obtain prior permission and consent from Gerber Life Insurance Company on any materials you might create that contain the Gerber
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In-Force Rate Action Announcement: Nebraska: Blue Cross Blue Shield Private Label
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. Nebraska has now allowed the following increases for: Blue Cross Blue Shield Private Label Policies Product Series and Form Numbers Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Series A P030B P031B P032B 223.4% phased 34.1%, 34.1%, 34.1%, 34.1% cumulative 309.1% phased 42.22%, 42.22%, 42.22%, 42.22% cumulative Series B P035A 285% phased 40.08%, 40.08%, 40.08%, 40.08% cumulative 425.7% phased 51.42%,
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Genworth, Industry News, and Long-Term Care.
Care Solutions News, January 2019
Asset-Care®: Continued strength in 2019 As we begin a new year, we’re proud to continue maintaining a healthy, robust product suite that meets the needs of all our customers. To sustain our focus on providing comprehensive, lifetime financial solutions for our clients, our patented joint Asset-Care® coverage is now available with 2% or 3% acceleration, and our single life Asset-Care policies also offer a 4% acceleration option. Quick Reads Updated: 2019 Advanced Sales materials Each year, pursuant to tax law, the contribution and deduction limits for various accounts index for inflation. Our Advanced Sales team prepares Tax Tables at
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In-Force Rate Action Announcement: West Virginia (Pre-PCS, PCS I, PCS II)
> PCS II with Stable Premium Option 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. West Virginia has now allowed the following increases: West Virginia Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% PCS I 55% 72% PCS II 55% 72% This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: West Virginia (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. West Virginia has now allowed the following increases: West Virginia Product Series Increase Percentage Privileged Choice 20% Classic Select 20% 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 of policyholder notifications. Policyholder notifications will begin January 29, 2019 and will continue throughout
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Ohio (Pre-PCS, PCS I, PCS II)
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. Ohio has now allowed the following increases: Ohio Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15% 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
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Genworth, Industry News, and Long-Term Care.
