AM Best Upgrades GTL’s Financial Strength Rating to A-

  We are extremely excited to announce that AM Best has upgraded GTL’s Financial Strength Rating to A- (Excellent) from B++ (Good) by AM Best! GTL’s Long Term Issuer Credit Rating was also upgraded to “a-“. In today’s press release, AM Best noted that the upgrade reflects GTL’s strong balance sheet strength as well as our strong operating performance. It also stated that “The ratings upgrade for GTL reflects favorable long-term trend of operating results attributed to its hospital indemnity product, Medicare Supplement and its short-term care premium growth.” View the Full Press Release   From all of us at
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Medicare Supp./Adv., and Short-Term Care.

GoldenCare Newsletter | July 22, 2019

In this GoldenCare Newsletter Edition Read Full GoldenCare Newsletter, July 22, 2019 Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts NEW UPDATE COMING! LTC CEO Office, Home and Internet Selling Tools Software! This Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and  MORE! Find out how to get
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Securian, and Transamerica.

New Underwriting Guideline Offering

From the Desk of Amanda Blackburn We appreciate your business, value your relationship and always want to keep you informed. Mutual of Omaha is currently reviewing and will begin updating the MutualCare® Solutions underwriting guidelines soon. Until then, we want to share a great new service regarding physical exams with you effective immediately! Regardless of age, our underwriting guidelines require an applicant to have completed a favorable physical exam within the past 2 years. If no exam has been completed, clients have the following options to meet this requirement. Option 1 — All Applicants Schedule and complete an exam with
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“New standards aim to improve surgery for the oldest patients”

“New standards aim to improve surgery for the oldest patients,” by Lauran Neergaard, ABC News “The American College of Surgeons launched a program Friday to encourage hospitals around the country to adopt 30 new standards to optimize surgery on patients who are 75 and older — information seniors and their families eventually will be able to use in choosing where to get care. Seniors account for more than 40% of surgeries, which is expected to grow as the population ages. Certainly there are plenty of robust elders who can withstand major operations.”   LTC Comment (from Stephen A. Moses, President,
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Categories: Clippings, Industry News, and Long-Term Care.

“Frequent Sleeping Pill Use Linked to Increased Dementia Risk”

“Frequent Sleeping Pill Use Linked to Increased Dementia Risk,” by Megan Brooks, Medscape “Older adults who reported taking sleep medications ‘often’ or ‘almost always’ were 43% more likely to develop dementia than those who never or rarely used sleep medications (hazard ratio [HR], 1.43; 95% confidence interval [CI], 1.01 – 2.02). White participants reporting frequent use had a 79% higher dementia risk (HR, 1.79; 95% CI, 1.21 – 2.66). There was no association in blacks (HR = 0.84; 95% CI, 0.38 – 1.83). The association did not differ by sex. … The associations were independent of age, sex, education, socioeconomic
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Categories: Clippings, Industry News, and Long-Term Care.

“In the Lingering Light”

“In the Lingering Light,” Today’s Caregiver  “In the Lingering Light is a valuable field guide for Alzheimer’s caregivers, written by one who has gone before you. Cynthia Fantasia packs courage and faith to help sustain you on the uncertain road ahead. You will receive practical guidance throughout the progression of Alzheimer’s, stories from traveling companions, nuggets of truth to care for yourself along the way, and prayers to guide you. In the Lingering Light will become a treasured resource and reminder that you not alone.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Brief book review and
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Categories: Clippings, Industry News, and Long-Term Care.

“What You Don’t Know About Your Parents’ Finances Could Ruin Yours”

“What You Don’t Know About Your Parents’ Finances Could Ruin Yours,” by Jeff Rose, Forbes “‘If you don’t take the time to talk to your parents about their finances, your own finances could take a hit,’ said Cameron Huddleston, author of the new book ‘Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.’ Why? There’s a good chance you’ll have to get involved with your parents’ financial lives as they age, she said. That can affect your own financial well-being if you aren’t prepared for that role.”   LTC Comment (from
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Categories: Clippings, Industry News, and Long-Term Care.

TransCare® II To Become Exclusive Product Offering in CA, FL, DE and HI

TRANSCARE® II TO BECOME EXCLUSIVE PRODUCT OFFERING IN CA, FL, DE, and HI Effective June 27, 2019, TransCare II will be our exclusive product offering in the following states: California, Florida, Delaware, and Hawaii. After that date, TransCare III will be unavailable in those states.   Questions? Please contact the Transamerica sales desk at 888-545-2713.   TransCare® II To Become Exclusive Product Offering in CA, FL, DE and HI   #goldencareagent #transamerica
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Categories: Industry News, Long-Term Care, and Transamerica.

Final Reminder: August 1st Updates for 2017 CSO Table Changes

As a final reminder, throughout the remainder of 2019, United of Omaha will be modifying the products in our life insurance portfolio as we implement the 2017 Commissioners Standard Ordinary (CSO) Tables. Product Impacts The first phase of product changes will be implemented on August 1, 2019: Income Advantage IUL will be updated with the new tables. Impacts of these modifications include: There will be slight increases and decreases in our premiums, required minimum face amounts and disbursement amounts. Disbursement amounts will be consistently within 2% in either direction from our current disbursements, with very minor changes in our competitive
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation Bans for the Month of August 2019

Please be aware of the following holidays requiring a holiday telephone solicitation ban for the month of August. On Monday, August 12, 2019: Rhode Island prohibits unsolicited marketing calls to residents in observance of Victory Day On Friday, August 30, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of Huey P. Long Day Holiday Telephone Solicitation Bans for the Month of August 2019   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).