IUL Express in Four Simple Steps

The IUL Express process guide takes you through the step-by-step process to sell IUL Express. This guide walks you through: How to run an IUL Express quote How to complete and submit the application packet Simplified underwriting Delivering the policy Looking for even more training on IUL Express? Check out our producer training video on MutualofOmaha.com/Simple.   IUL Express in Four Simple Steps   #goldencareagent #mutualofomaha #life
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Important Update from NGL

Committed to safety At National Guardian Life Insurance Company (NGL), we care deeply for the safety and well-being of our partners, agents, customers and employees. We have been closely monitoring the latest local and national reports from the Centers for Disease Control (CDC) concerning the coronavirus (COVID-19). We are committed to the health of our employees and community and that is why we decided to help reduce the spread of the coronavirus by asking employees to work remotely if possible. This resolution is the best way for us to keep our employees safe and to continue providing you with the
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Reminder: Kemper Senior Solutions Product Discontinuation 3/31/2020

REMINDER: — Kemper has made the decision to discontinue new business sales within the Kemper Senior Solutions market segment. Kemper’s Life Insurance products were already impacted, with new business no longer being accepted as of January 1, 2020. The stand-alone Home Health Care product will be discontinued March 31, 2020. Applications must be signed on or before March 31, 2020 to be accepted. Be assured, all existing in-force business will continue to receive the same high standard of service they have come to expect. We sincerely appreciate your support for the KSS products and will do everything to make this
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Categories: Industry News, Kemper, and Short-Term Care.

Thrivent 101 – Producer Reference Flyer

Thrivent Financial is not new to Long Term Care Insurance or to financial planning, but Thrivent is new to brokerage distribution. Thrivent is also one of the only fraternal insurers offering solutions outside its captive distribution. As such, many producers are not familiar with how to best position Thrivent as an option or discuss a fraternal’s unique structure to clients. Our Thrivent 101 Producer Flyer discusses: Explaining Fraternal Benefit Societies, Thrivent’s common bond, and how that common bond is outlined in the application. How simple the conversation about faith and teeing up Thrivent can be. Don’t make this complicated! How
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Categories: Industry News, Long-Term Care, and Thrivent.

Thrivent LTCi – Updates to eApp

eApps are already starting to come in from Thrivent’s recently launched iGo tool. Please note a few updates designed to make the process smoother. Thrivent has created a video walkthrough of the eApp, where the Product Development team also walks producers through the built-in illustration system. Click here for the Thrivent eApp Video Walkthrough Thrivent has also revised the User Guide and Illustration guide to provide more clarity. User Guide updates: Representative’s Information (Page 17) Updated to clarify that when entering your Thrivent Agent Code, just enter the last 5 digits of your Thrivent ID – exclude the F0 part
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Categories: Industry News, Long-Term Care, and Thrivent.

In-Force Rate Action Announcement: Washington DC (PCS II)

> PCS II 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 PCS II 10% 10%   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
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Categories: Genworth, Industry News, and Long-Term Care.

Penn Treaty Surcharge

Penn Treaty Surcharge for Active Long Term Care Policyholders Resident in California Genworth Life Insurance Company (GLIC)and Genworth Life and Annuity Insurance Company (GLAIC) (GLIC and GLAIC, collectively Genworth) recently started mailing California Resident LTC policyholders seeking recoupment for assessments made against Genworth by the California Life and Health Insurance Guarantee Association (CLHIGA) for the 2017 Penn Treaty insolvency. CLHIGA assessed all companies writing health insurance in California to make up the shortfall needed to pay Penn Treaty claims caused by that insolvency. This assessment is not unique to Genworth, and Genworth has no affiliation with Penn Treaty. California law
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Categories: Genworth, Industry News, and Long-Term Care.

Medicare Supplement Insurance Premium Rate Changes

Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes in the following states for new sales and in force policies. The in force policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. State Plan Adjusted Percentage Upload Date New Rate Effective Date District of Columbia A, F, G, N 7.5% increase 2/20/2020 4/1/2020 Delaware A, F G N 9% increase 7% increase 0% increase 2/20/2020 5/1/2020 Idaho A, F, G, N 15% increase 2/20/2020 5/1/2020 Kansas A, F, G, N 10% increase 2/20/2020 5/1/2020 Maryland A, F, G N 7.5% increase
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Categories: Industry News, Medicare Supp./Adv., and Transamerica.

Good News | Mutual of Omaha: We Are Open For Business

Mutual of Omaha Is Open For Business: Highlights & Resources Available As you are likely aware, Mutual of Omaha’s physical location is temporarily closed. We are practicing social distancing and have asked all associates who are able, to work from home. We appreciate your patience and understanding as we take steps to protect the health and safety of our associates and ensure uninterrupted service to our customers. Please know that we are open for business in a remote capacity. Our processes and procedures are functioning, and we should not experience an interruption in business for either our customers or business
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“Opportunities To Expand Telehealth Use Amid The Coronavirus Pandemic”

“Opportunities To Expand Telehealth Use Amid The Coronavirus Pandemic,” by Jared Augenstein, Health Affairs   Quote: “Following enactment of coronavirus emergency supplemental legislation that expands Medicare coverage of telehealth, we can expect increased reliance on telehealth services for Medicare beneficiaries. As more and more patients with symptoms seek treatment, the virus could spread rapidly in health care settings. Telehealth offers unique capacity for remote screening, triage, and treatment, and it could be a powerful tool for reducing transmission of the disease to and among health care workers and patients who are not infected.”     LTC Comment (from Stephen A. Moses, President,
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Categories: Clippings, Industry News, and Long-Term Care.