“Many U.S. retirees outlive their savings by more than a decade, report says”

July 10, 2019 | by | Comments Off on “Many U.S. retirees outlive their savings by more than a decade, report says”

“Many U.S. retirees outlive their savings by more than a decade, report says,” by Lois A. Bowers, McKnight’s Senior Living “Older adults in the United States have life expectancies of as many as 11 years past the number of years that their retirement savings could last, according to a new report by the World Economic Forum, ‘Investing In (and for) Our Future.’ … To close the savings gap, the new report says, individuals and policymakers must take steps to ensure that individual retirement investments can provide returns retirees won’t outlive.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term
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Categories: Clippings, Industry News, and Long-Term Care.

GoldenCare Newsletter | July 9, 2019

July 9, 2019 | by | Comments Off on GoldenCare Newsletter | July 9, 2019

In this GoldenCare Newsletter Edition Read Full GoldenCare Newsletter, July 9, 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 LTC CEO Office, Home and Internet Selling Tools Software has been updated! 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: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Securian, and Transamerica.
Tags: mutual of omaha and newsletter.

Gerber Life Discontinuing Medicare Supplement New Business Sales

July 9, 2019 | by | Comments Off on Gerber Life Discontinuing Medicare Supplement New Business Sales

July 03, 2019 Closing New Business Effective August 1, 2019 Gerber Life Insurance Company will no longer accept new business applications for Medicare supplement sales. Inforce Business There is no impact to existing business. Gerber Life will continue to service all existing Medicare supplement policies. Agent Contracting New producer contracts will no longer be accepted for Medicare supplements as of July 3, 2019. Medicare supplement contracts and appointments will be terminated. Agents contracted with Gerber Life to sell both Medicare supplement and Gerber’s other product lines will only have their Medicare supplement contract terminated. The agent’s Gerber appointment for life/health
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Categories: Gerber Life, Industry News, and Medicare Supp./Adv..
Tags: Gerber, Gerber Life, Gerber Life Insurance Company, insurance, life, Life Insurance, medicare, and Medicare Supplement.

The Extras on Life Protection Advantage IUL

July 8, 2019 | by | Comments Off on The Extras on Life Protection Advantage IUL

Life Protection Advantage IUL has competitive long-term no-lapse guarantee premiums. But that’s not all. The product also comes with value-added features that many competitors don’t offer. A Guaranteed Refund Option Rider Unlike many other IULs, qualifying Life Protection Advantage IUL policies come with a premium refund option when clients pay the ‘guarantee to 85’ premium level. With this feature, if your clients no longer need their life insurance coverage, they have seven 60-day windows in which they can surrender their policy and receive their premiums back. A Terminal and Chronic Illness Rider — at no additional cost Life Protection Advantage
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, IUL, life, Life Insurance, mutual of omaha, omaha, and Underwriting'.

In-Force Rate Action Announcement: Iowa (Privileged Choice® and Classic Select®)

July 8, 2019 | by | Comments Off on In-Force Rate Action Announcement: Iowa (Privileged Choice® and Classic Select®)

> Privileged Choice® and Classic Select® with Stable Premium Option > 1% Benefit Increase 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. Iowa has now allowed the following increases: Iowa non-AARP Product Series Increase Percentage Privileged Choice 27.3% phased 17.9%, 8.0% cumulative Classic Select 27.3% phased 17.9%, 8.0% cumulative   Iowa AARP® Product Series Increase Percentage Privileged Choice 30% phased 17.9%, 10.26% cumulative Classic Select 30% phased 17.9%, 10.26% cumulative   These rate
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: Genworth, Genworth Life Insurance Company, insurance, Long-Term Care, LTC, LTC Rate Increases, and premium increase.

Accelerate the Underwriting Process for TLA

July 3, 2019 | by | Comments Off on Accelerate the Underwriting Process for TLA

Accelerated Underwriting for Term Life Answers® speeds up the traditional underwriting process and can provide you with an underwriting decision in 48-72 hours. How does it work? It’s simple. Submit a Speed eTicket (drop ticket). ExamOne will contact your client to complete the health interview. If approved through Accelerated Underwriting, no other requirements are needed – that’s right, NO paramed exam. If not approved through Accelerated Underwriting, no problem, the application will continue down the traditional underwriting path like normal. Our Accelerated Underwriting Program flyer explains the program in detail and can be shared with your agents..   If you
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: insurance, life, Life Insurance, mutual of omaha, omaha, and Underwriting'.

Your Guide to Selling Critical Advantage℠

July 3, 2019 | by | Comments Off on Your Guide to Selling Critical Advantage℠

There’s nothing complicated about selling Critical Illness, Cancer and Heart Attack & Stroke products in our Critical Advantage portfolio. It’s easy to understand. The policy pays cash upon diagnosis. There are no medical bills to collect and submit It’s easy to sell. With just three knock-out questions for benefits up to $50,000, you know on the spot if a policy can be issued It’s quick to issue. Express underwriting means your policies are issued in a matter of days so you get paid quickly With the Critical Advantage portfolio, clients of almost any age can complement their health plans with
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).
Tags: critical advantage, critical illness, insurance, mutual of omaha, and omaha.

Have you tried the LTC e-App?

July 3, 2019 | by | Comments Off on Have you tried the LTC e-App?

If you haven’t tried the LTC e-App yet, what are you waiting for? Producers that have used the LTC e-App agree it’s the easiest way to submit LTC applications. Some great features of the e-App include: Mistake-proof visual cues let you know your progress and prompt you for missing information Simple e-signature process Auto-save function so none of your information is lost A dashboard shows all applications in process Try the e-App on your next sale and you may never go back to paper. To access the LTC e-App now, click here (login required).   Have you tried the LTC
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: e-Application, insurance, Long-Term Care, LTC, mutual of omaha, and omaha.

Two Ways to See Your State’s Cost of LTC Services

July 3, 2019 | by | Comments Off on Two Ways to See Your State’s Cost of LTC Services

Mutual of Omaha has been providing you with long-term care costs for years, but if you aren’t sure how much your clients may need, use our Cost of Care calculator or Cost of Care Brochure to find out. In fact, they’ve just updated with 2018 numbers! Each tool reflects the costs for Home Health Care, Assisted Living Facility and Nursing Home for private and semi-private room by state.   Two Ways to See Your State’s Cost of LTC Services   #goldencareagent #mutualofomaha #costofcare
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: cost of care, insurance, Long-Term Care, LTC, mutual of omaha, and omaha.

GTL’s 4th of July Office Closing

July 3, 2019 | by | Comments Off on GTL’s 4th of July Office Closing

Happy 4th of July from GTL!   GTL will be closed on Thursday, July 4th and Friday, July 5. Normal business hours will resume on Monday, July 8 at 7:00 AM CST. We wish you a safe and fun holiday with family and friends!   GTL’s Thanksgiving Holiday Hours   #goldencareagent #gtl #independenceday
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Categories: Guarantee Trust Life and Industry News.