Although the shutdown has ended, Mutual of Omaha is committed to working with your customers as they resolve any outstanding financial issues. Grace periods for affected customers are being extended until April 25, 2019. Delaware Only: A customer who is a resident of Delaware and was affected by the shutdown can contact us to place a hold on their policy, up to 90 days from the end of the shutdown on January 25, 2019. If you have any questions regarding this or any other Mutual of Omaha service, please reach out to our customer service team at 800-775-6000.
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Presentation Tool for GTL’s New Cancer Insurance
Looking for a way to present GTL’s new groundbreaking Precision CareTM Cancer Insurance to your clients? Our client-facing website presents the information that your clients want to know and translates the highly technical into an engaging and easy-to-understand format. VIEW CLIENT-FACING WEBSITE GTL’s New Precision CareTM is currently available for the following states. More coming soon! ORDER SUPPLIES Presentation Tool for GTL’s New Cancer Insurance #goldencareagent #gtl #tgen
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Reminder: Virginia State Corporation Commission Bureau of Insurance Administrative Letters
An administrative letter is the method by which the Virginia Commissioner of Insurance formally communicates with entities regulated by the Bureau of Insurance. Administrative letters are not law but are positions that the Bureau of Insurance has taken. They may provide direction, instructions, interpretations, or general information. The Virginia State Corporation Commission Bureau of Insurance releases new administrative letters periodically. Administrative Letters should be carefully reviewed by any person licensed as an insurance agent in Virginia. Click here to be taken to the Bureau’s table of administrative letters for review by every producer. Reminder: Virginia State Corporation Commission Bureau
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: California non-Partnership
(Pre-PCS, PCS I, PCS II, Choice 1, CADE, CA-Reprice, Unbundled) 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. California has now allowed the following increases for non-Partnership policies: California: For policies issued on or after 7/1/2002 Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 80% 80% Choice 1 80% 80% CADE* 45% 45% CA-Reprice* 45% 45% Unbundled* 45% 45% * Includes AARP® policies. California:
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Genworth, Industry News, and Long-Term Care.
Introducing GILICO National Accounts Director
Cary Carney National Accounts Director Cary Carney is the new National Accounts Director for Guaranty Income Life Insurance Company. In his role, he is responsible for account management, business development, sales strategy, recruiting and sales for annuities within the Independent Marketing Organizations. Cary has over 20 years of experience in the industry and has a diverse knowledge of distribution through the Independent Marketing Organization, Bank and Broker Dealer marketplace. Prior to joining GILICO, Cary worked with annuities and life insurance where he held numerous sales and sales management positions with a large fortune 500 financial services company. Cary also holds
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Back By Popular Demand! The Tax Advantages of Long Term Care Insurance
Before Tax Season comes to a close… Don’t forget to mention potential tax advantages to your LTCi clients! Join us Tuesday, March 5th at 2 p.m. Central Time as Mutual of Omaha’s Advanced Markets Specialist, Tom Fridrich, discusses the tax-saving potential of a traditional LTCi policy. Just in time for Tax Season, this webinar will bring you up-to-speed so you can advise your LTCi clients of the tax deductibility of their premiums! SPECIAL: The Unique Tax Advantages of Traditional LTCi Tues, March 5, 2019 2:00 PM to 2:45 PM CST Reserve your space now – seats are limited! Questions?
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“How To Plan The Legal And Financial Needs Of A Loved One With Dementia”
“How To Plan The Legal And Financial Needs Of A Loved One With Dementia,” by Christopher Berry, Forbes “If you have a loved one who has been diagnosed with Alzheimer’s or dementia, there are certain things that your family needs to plan for both legally as well as financially. … There are six main ways to pay for long-term care, so it is up the family to best determine how to use the following options. … 6. Finally, Medicaid may help pay for the cost of a nursing home. However, there are certain requirements to qualify for Medicaid, including an
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Clippings, Industry News, and Long-Term Care.
“House passes measure to create long-term care program”
“House passes measure to create long-term care program,” by Rachel La Corte, AP “A proposal for a new employee-funded program that would create a benefit to help offset long-term care costs was approved by the House Thursday. The measure passed on a bipartisan 63-33 vote and now heads to the Senate for consideration.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This plan will fail because it is based on a false premise we exploded in a report every Washingtonian should read before it’s too late: What We Don’t Know About Medicaid and Long-Term Care is Hurting Washington
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Clippings, Industry News, and Long-Term Care.
“National Health Expenditure Projections, 2018–27: Economic And Demographic Trends Drive Spending And Enrollment Growth”
“National Health Expenditure Projections, 2018–27: Economic And Demographic Trends Drive Spending And Enrollment Growth,” by Andrea M. Sisko, et al., Health Affairs (gated) “ABSTRACT: National health expenditures are projected to grow at an average annual rate of 5.5 percent for 2018–27 and represent 19.4 percent of gross domestic product in 2027. Following a ten-year period largely influenced by the Great Recession and major health reform, national health spending growth during 2018–27 is expected to be driven primarily by long-observed demographic and economic factors fundamental to the health sector. Prices for health care goods and services are projected to grow 2.5 percent per year,
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Clippings, Industry News, and Long-Term Care.
“Untangling the Mysteries of the Brain”
“Untangling the Mysteries of the Brain,” by Sarah Lai Stirland, Senior Living Executive “A growing body of research suggests that reducing risks of developing dementia—or at least slowing its progression—can be accomplished through diet and exercise. Some researchers say specific diets and exercise regimes can to a limited extent restore brain health. Human biology and the brain are complex systems that interact with their environments, though. No scientifically rigorous studies have definitively proved that dementia is 100 percent preventable.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Excellent, very long article summarizing latest research and limited
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Clippings, Industry News, and Long-Term Care.
