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. Kansas has now allowed the following increases: Kansas Product Series Increase Percentage Privileged Choice 37.2% Classic Select 37.2% This rate increase applied to Non-AARP and AARP® policies. 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 January 28, 2020 and will continue throughout the next year.
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In-Force Rate Action Announcement: North Carolina (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. North Carolina has now allowed the following increases: North Carolina Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55.13% phased 25%, 24.1% cumulative 86.56% phased 25%, 25%, 19.4% cumulative This rate increase applies to policies issued on or after 2/1/2003 Communications Timeline Servicing agents will receive a list
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Good News | Don’t Miss Out On Earning These Exclusive Agent Rewards
Are You Taking Advantage Of GoldenCare’s Rewards Program? If you’re attending our webinar training, or writing business, don’t miss out! You can be earning exclusive agent rewards through our GoldenCare Rewards program! There are several ways to earn Reward points, and agents can elect to redeem their points for a 1,000-piece mail-drop Lead Program OR for Amazon.com Gift Cards! With these options, you have countless ways to get the rewards you deserve! Remember, to redeem Reward Points, submit your completed W9 form as soon as possible. And be sure to keep an eye on your inbox for an exciting Rewards
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In-Force Rate Action Announcement: Massachusetts (PCS I, PCS II, Choice 1)
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. Massachusetts has now allowed the following increases: Massachusetts Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple PCS II 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple Choice 1 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple
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“Long-Term Care Insurance v. a Hybrid: AALTCI Gets the Numbers”
“Long-Term Care Insurance v. a Hybrid: AALTCI Gets the Numbers,” by Allison Bell, ThinkAdvisor Quote: “The American Association for Long-Term Care Insurance (AALTCI) has come out with a new long-term care (LTC) benefits product cost comparison analysis. AALTCI looked at how much a consumer might pay to get long-term care benefits through a stand-alone long-term care insurance (LTCI) policy, versus how much the same consumer might pay to get the same amount of benefits through a life insurance policy that offers LTC benefits.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Click through for the
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Clippings, Industry News, and Long-Term Care.
“McKnight’s 40 for 40: Robert G. Kramer”
“McKnight’s 40 for 40: Robert G. Kramer,” by John O’Connor, McKnight’s LTC News Quote: “Editor’s note: As part of the 40th anniversary of McKnight’s, McKnight’s Senior Living and McKnight’s Long-Term Care News are recognizing 40 notable newsmakers. Each week, the brands will highlight a, high-profile leader from the past four decades. Published installments of the series can be found here. When people discuss how freely capital now flows in this sector, demographics and a strong economy usually get the credit. Often overlooked is the man perhaps most responsible for opening the spigot: Robert G. Kramer.” LTC Comment (from Stephen A.
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Clippings, Industry News, and Long-Term Care.
Introducing: Expanded Relationship Teams
Focusing on Relationships to Enhance Your Experience Relationships are at the core of OneAmerica®. We believe in personal service, and we believe in you. We care about your relationships with your clients. We hear and validate your feedback. That’s why we’re focusing on Enhancing Your Experience in 2020. More Support for You The first enhancement is coming in January, with your Expanded Relationship Team. It’s a comprehensive crew, including Wholesalers, Account Relationship Management, Sales Development Partners, Case Managers, Underwriters, and New Business Processors. Each member is ready to embark on a relationship with you and support your business needs.
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True Freedom Agent Guide For Online Enrollment Now Available
NOW AVAILABLE: True Freedom Agent Guide for Online Enrollments! As a excellent alternative for many of our insurance products, the True Freedom Home Care Service Plans hold an important place in our Perfect Portfolio. And now, enrolling your clients has never been easier! Appointed agents can visit http://goldencare.truefreedomhomecare.com/ to initiate the enrollment. The initial parts of the enrollment is required to be completed by the agent. Both agent and client must provide email addresses (cannot be the same email address for both). A partially-completed enrollment form is then emailed to the client. After reading through the Terms & Conditions, the
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Successful Quoting Starts with Understanding Underwriting
Successful Quoting Starts with Understanding Underwriting CSG Actuarial’s Advanced Underwriting Filter alerts agents about their client’s declineable health conditions and medications and provides a list of carriers that may accept their client. Here’s how it works: While running the initial quote, the agent adds client’s health conditions and medications Quote results remove carriers who label those entries as a decline Option to see view look-back period on application The Advanced Underwriting Filter saves you from submitting applications that will automatically be declined. For complimentary access, or to learn more about our tool, contact GoldenCare at 800-842-7799 or email marketing@goldencareusa.com.
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OneAmerica Care Solutions News
Quick reads SECURE Act: Changes and opportunities abound You’ve heard the news: The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on Dec. 20, 2019. But do you know how it will impact Americans planning for retirement? The act tackles the gap between what Americans have for retirement and what they will actually need, and it includes these key changes: Support for new parents through penalty-free withdrawals from retirement accounts, including IRAs, for qualified births and adoptions Elimination of the IRA contribution age limit and extension of the required minimum distribution start date to age
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Industry News, Linked Benefit/Hybrids, and OneAmerica.
Asset Care, hybrid, linked benefit, LTC, oneamerica, State Life, and training.
Asset Care, hybrid, linked benefit, LTC, oneamerica, State Life, and training.
