“WHO launches digital app to improve care for the elderly”

June 3, 2020 | by | Comments Off on “WHO launches digital app to improve care for the elderly”

“Seniors housing municipal bonds under distress due to COVID-19 costs,” by Amy Novotney, McKnight’s Senior Living   Quote: “The interactive digital application is called, ‘WHO ICOPE Handbook App’ and provides practical guidance for conditions such as mobility limitations, malnutrition, vision and hearing loss, cognitive decline, depressive symptoms and social care and support. This digital application is needed because the world’s population is aging at a fast pace, and by 2050 one in five people will be over 60. Although every person is different, both physical and mental capacity typically decline with increasing age.” LTC Comment (from Stephen A. Moses, President,
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Categories: Clippings, Industry News, and Long-Term Care.

“Seniors housing municipal bonds under distress due to COVID-19 costs”

June 3, 2020 | by | Comments Off on “Seniors housing municipal bonds under distress due to COVID-19 costs”

“Seniors housing municipal bonds under distress due to COVID-19 costs,” by Amy Novotney, McKnight’s Senior Living   Quote: “The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg Law. Some communities, unable to accept new occupants amidst COVID-19 restrictions, are using stimulus loans to make payroll, drawing in debt service reserves to make interest payments and even asking bondholders to forgo interest payments for the next year, the article reports. Since the beginning of March, at least five retirement communities have missed a
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Long-Term Care Policy after Covid-19 — Solving the Nursing Home Crisis”

June 3, 2020 | by | Comments Off on “Long-Term Care Policy after Covid-19 — Solving the Nursing Home Crisis”

“Long-Term Care Policy after Covid-19 — Solving the Nursing Home Crisis,” by Rachel M. Werner, M.D., Ph.D., Allison K. Hoffman, J.D., and Norma B. Coe, Ph.D., New England Journal of Medicine   Quote: But this crisis in nursing homes is not a new problem. Long-term care in the United States has been marginalized for decades, leaving aging adults who can no longer care for themselves at home reliant on poorly funded and insufficiently monitored institutions. Although major regulatory policies, including the Federal Nursing Home Reform Act of 1987, have attempted to address deficiencies in the quality of care, Covid-19 has highlighted the
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

Asset Care: Bringing value to Montana and Washington, D.C.

June 1, 2020 | by | Comments Off on Asset Care: Bringing value to Montana and Washington, D.C.

Asset Care: Bringing value to Montana and Washington, D.C. We’re pleased to announce that our updated Asset Care® product, originally launched in 2019, will become available in Montana and Washington, D.C. on June 20.   Our updated Asset Care product provides several unique benefits, including: Optional joint coverage and lifetime benefits Single Premium Drop-In Rider (SPDR) on the Recurring Premium Whole Life funding option A new 5-pay option on the recurring premium whole life funding option – your clients will now be able to choose a 5-, 10- or 20-year pay option or a pay to 95 option Zero-day waiting
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: annuity, Annuity Care, hybrid, insurance, linked benefit, LTC, oneamerica, State Life, and training.

UPDATE: Grace period extended through July 1 for premium payments

June 1, 2020 | by | Comments Off on UPDATE: Grace period extended through July 1 for premium payments

UPDATE: Grace period extended through July 1 for premium payments At OneAmerica, we continue to monitor the financial impact of the COVID-19 pandemic on our communities and our life insurance policyowners. We understand that some policyowners may currently be struggling to pay their premiums on time. To meet this immediate need, OneAmerica has again automatically extended the grace period on all individual life insurance coverage through July 1, 2020. After July 1, 2020, OneAmerica will consider extended grace periods on a state-by-state basis.   What does this mean? Effective immediately, OneAmerica will automatically extend the grace period on all individual
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Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.
Tags: Asset Care, Coronavirus, COVID-19, hybrid, insurance, linked benefit, LTC, oneamerica, pandemic, State Life, training, and virus.

Have you used our new, enhanced voice signature?

June 1, 2020 | by | Comments Off on Have you used our new, enhanced voice signature?

Lumico has recently launched a new voice signature process. The new process is faster and will enable agents to complete the voice signature at the point-of-sale. This eliminates the need for a call-back to the applicant to complete the voice signature process We will be sunsetting the old voice signature process on May 29, 2020. To help get you up to speed, our tip sheet and training guide are here to help. Access the Voice Signature Tip Sheet   Access the Voice Signature Training Guide   Lumico — Insurance Made Clear.   #goldencareagent #lumico
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Categories: Industry News, Lumico, and Medicare Supp./Adv..
Tags: Lumico, Med Supp, medicare, Medicare Supplement, Medigap, and Swiss RE.

LTC Compensation Timing Update

June 1, 2020 | by | Comments Off on LTC Compensation Timing Update

To better align with our other product lines, beginning June 5, 2020, compensation for LTC policies will be paid at the time all Post Issue Requirements (PIRs) are received and the case is considered placed. As a reminder, below are the PIRs that must be received to place the policy in force: Outstanding Premium Monthly EFT drafts will occur on the first renewal date selected by the customer. For all modes other than monthly, a billing statement will be sent with the policy. Total premium is due 60 days from issue. Policy Delivery Acknowledgement A Policy Delivery Acknowledgement (PDA) is
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: amendments, commission, compensation, insurance, Long-Term Care, long-term care insurance, LTC, LTC Planning, LTCi, mutual of omaha, omaha, PIR, PIRs, post issue requirement, and post-issue requirements.

Rate Adjustments Effective August 1, 2020

June 1, 2020 | by | Comments Off on Rate Adjustments Effective August 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective August 1, 2020: Block of Business Impacted States LTC06UI Colorado   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process Policyholders will receive
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, omaha, and United of Omaha.

Rate Adjustments Effective September 1, 2020

June 1, 2020 | by | Comments Off on Rate Adjustments Effective September 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective September 1, 2020: Block of Business Impacted States LTC04I and LTC06UI Rhode Island   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification Process
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, omaha, and United of Omaha.

An Extra Feature on Income Advantage IUL at No Extra Cost

June 1, 2020 | by | Comments Off on An Extra Feature on Income Advantage IUL at No Extra Cost

The Guaranteed Refund Option rider is included with all qualifying Income Advantage IUL policies at no additional cost. You may be wondering why clients even need a GRO rider, when most companies illustrate a projected 6 percent (or thereabouts) indexed interest crediting rate. Read the Guaranteed Refund Option on IUL flyer to learn how the GRO rider can help provide Income Advantage IUL clients with an additional layer of protection – especially in an unpredictable market. And don’t forget – Income Advantage IUL policies can now be submitted using our Speed eTicket drop ticket process through iPipeline!   An Extra
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, GRO, GRO Rider, Guaranteed Refund Option, indexed universal life, indexed universal life express, IUL, IULE, Life Insurance, mutual of omaha, omaha, and United of Omaha.