In-Force Rate Action Announcement: Washington DC (Choice 1)

> Choice 1 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. Washington DC has now allowed the following increases: Washington DC Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% 10%   Policyholders who selected Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included with this increase. Communications Timeline Servicing agents will receive a list of
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Pennsylvania (Choice 1)

> Choice 1 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. Pennsylvania has now allowed the following increases: Pennsylvania Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% for policies issued before 9/16/02 10% for policies issued before 9/16/02 20% for policies issued on or after 9/16/02 20% for policies issued on or after 9/16/02   Policyholders who selected Stable
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Illinois (Choice 1)

> Choice 1 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. Illinois has now allowed the following increases: Illinois Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72%   This rate increase applies to policies issued before 1/1/2003. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start
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Categories: Genworth, Industry News, and Long-Term Care.

GTL Launches Overhauled GTLink with Supply Ordering!

The redesigned GTLink is the new central hub to access everything you need! Check Out the New GTLink   • Download/Order Forms • Watch Agent Training Videos • View Your Mailbox • View Recent Business • Access Consumer Marketing • View Your Commissions   How to Access the New GTLink: Log in to GTL’s Agent Portal or the e-App on your mobile device Tap the new GTLink button on the home screen (If you have an Apple device, tap the blue GTLink button) Don’t have the GTL e-App? Download it now for your Apple or Android device!   GTL Launches
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Categories: Accident Insurance, Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Medicare Supp./Adv., and Short-Term Care.

Expanded E-APP Availability

Effective 4/26/19, National Guardian Life’s E-APP will now be available in all states where EssentialLTC is available, except FL. Log in to the Agent Resource Center to familiarize yourself with the EssentialLTC E-APP by using the E-APP Sandbox.   Don’t have a login yet? Register for access.   If you have questions , please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Important IOLI and STOLI Reminders

United of Omaha Life Insurance Company Position Statement on Insurable Interest April 2019 United of Omaha Life Insurance Company and its affiliates’ (together, “United of Omaha”) are committed to providing financial security to individuals, families and businesses through affordable insurance and financial products. We continually strive to develop life insurance and annuity products that meet our customers’ needs and provide good value at a competitive price. A fundamental principle in providing individual life insurance coverage is the existence of an insurable interest by the proposed owner in the life of the insured. Issuing life insurance coverage to persons who do
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Your Clients’ Tax Refunds and Out-of-Pocket Medical Expenses

With out-of-pocket medical expenses on the rise, more and more Americans are delaying medical treatments until their tax refunds in order to pay for them. Read the full article     60% increase in out-of-pocket spending on health care in the week after people get their tax refunds.*   33% of working-age Americans skip doctor’s visits, medical tests or prescriptions because of the cost.*   Your clients shouldn’t have to wait for their tax refund to pay for out-of-pocket expenses. Help relieve the financial strain with GTL’s industry- leading Supplemental Insurance products! •  Advantage Plus® Hospital Confinement Indemnity Insurance •
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Rate Adjustments Effective July 1, 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective July 1, 2019: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Oklahoma LTC06UI Texas, Georgia    
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

(Legacy) Rate Adjustments Effective August 1, 2019

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective August 1, 2019: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Rhode Island     For a
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Life Insurance Prescription Rule Update

We have discovered medication rules for high blood pressure medications are inadvertently including single medication use, with rules for combination medication use. This includes medications such as Losartan, Lisinopril, and Furosemide, which is a diuretic. The changes needed have been identified, and we are in the process of adjusting our prescription rules with our vendors. We expect to have these corrections implemented by the end of April. We are open to appeals on cases and will review the prescription history if you feel a case was incorrectly decisioned based on their medication use. Appeals can be submitted by contacting your
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).