California Licensing Fees Increased, Effective March 3, 2019

As a reminder, per California Bulletin No. 2018-4, the California Department of Insurance (DOI) has increased its licensing fees by 10 percent for all insurance producers and insurers operating within the state of California, effective March 3, 2019. Attached is the new fee schedule for your convenience. If you have any questions, please contact the CA DOI Licensing Hotline at (800) 967-9331.   California Licensing Fees Increased, Effective March 3, 2019   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Missouri (Pre-PCS)

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. Missouri has now allowed the following increases: Missouri Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99%   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 June
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Categories: Genworth, Industry News, and Long-Term Care.

LifeSecure Insurance Company Names New President and CEO

LifeSecure Insurance Company Names New President and CEO BRIGHTON, Mich. — LifeSecure Insurance Company has announced the appointment of Patrick J. Prichard as president and CEO, effective June 1, 2019. The move follows the resumption of former LifeSecure president and CEO Kevin Stutler’s previous position of vice president of Enterprise Ancillary Business at Blue Cross Blue Shield of Michigan, the parent company of LifeSecure. LifeSecure has also named Debbie Marcum as Senior Director of Information Technology and Operations. Prichard joined LifeSecure as Chief Operating Officer in 2016, overseeing all administrative operations, information technology, and human resources. “Over the past couple
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Categories: Industry News, Life Secure, and Long-Term Care.

LTC Underwriting Operation: The New Underwriting Guide

Another case study as part of our ongoing Underwriting Operation. Case Study: A New LTC Producer Uses Underwriting Tools to His Advantage Don is a new long-term care insurance agent based in St. Louis. As he learns the industry and product, Don has found it useful to carry the MutualCare® Solutions Underwriting Guide as an aid while screening clients. Recently, Don was working with a 65-year-old male applying for the Secure solution. Having already familiarized himself with the build chart before the meeting, Don knew to quote no better than Class 1 based on the client’s height and weight. However,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).