“Retirees, Make the Most of Your Home Equity”

“A Middle-Market Senior Care Solution,” by Bruce Stahl and Winona Berdine, Long-Term Care News   Quote:    “A debt-free retirement has been the ideal scenario for so long that older adults often overlook a valuable financial resource: their home. Collectively, homeowners age 62 and older have a record $6.5 trillion of ‘tappable’ equity, according to data analytics firm Black Knight. Individually, home equity accounts for more than a quarter to almost half of the median net worth of retirees, depending on age, according to the Federal Reserve Bank of Philadelphia. … For instance, the money can be used for some laudable goals: to pay
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Categories: Clippings and Industry News.

“A Middle-Market Senior Care Solution”

“A Middle-Market Senior Care Solution,” by Bruce Stahl and Winona Berdine, Long-Term Care News   Quote:   “Would you like to have an insurance product in your company’s lineup that provides all of the following? • Reaches the middle market, • provides security to generations of family members, • satisfies real customer financial needs and provides them with peace of mind, • minimizes risk in the morbidity tail, • reduces asset and interest rate risk, and • reduces concerns about pandemic risk in facilities.”   LTC Comment: Well, yeah! Click through to read this intriguing proposal.  
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Categories: Clippings and Industry News.

“Does Hard Work Help Preserve the Brain”

“Does Hard Work Help Preserve the Brain?,” by Cara Murez, HealthDay   Quote:  : “Physical activity is known to help prevent dementia and disease, but it’s possible that the kind you do makes a difference. A new study found that hard physical work not only doesn’t lower the risk of dementia, it increases the risk of developing the disease. Researchers found that people who do hard physical work have a 55 percent higher risk of developing dementia than those doing sedentary work.”   LTC Comment:   Let’s hear it for desk work!  
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Categories: Clippings and Industry News.

“Integrity Expands in the Southwestern United States with the Addition of Western Asset Protection”

“Integrity Expands in the Southwestern United States with the Addition of Western Asset Protection,” Integrity Marketing Group   Quote:  : “Integrity Marketing Group, LLC (‘Integrity’), the nation’s largest independent distributor of life and health insurance products today announced it has acquired Western Asset Protection, a family-owned Insurance Marketing Organization (‘IMO’) with an industry-leading focus on service and agent retention. As part of the acquisition, Western Asset Protection’s leadership team Mel Rose, Chairman, and Paul Rose, President, will both become owners in Integrity. Financial terms of the deal were not disclosed.”   LTC Comment:   Warm and hearty congratulations to Mel, Paul, and their
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Categories: Clippings and Industry News.

Updated Consumer Highlights Flyer

Who is Thrivent? New Thrivent Highlights Piece A new consumer-approved flyer is now available showing Thrivent’s financial strength, legacy of generosity and ratings. Featuring revised 2020 data on: Assets under management and total surplus Millions of volunteer hours, and funds raised by Thrivent, clients and supporters Fortune 500 ranking and AM Best Rating Download Now     #goldencareagent #thrivent #ltc
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Categories: Industry News, Long-Term Care, and Thrivent.

AG 49-A illustration changes effective November 21, 2020

Illustration Regulation AG 49-A The National Association of Insurance Commissioners (NAIC) has made enhancements to Actuarial Guideline 49 (now referred to as AG 49-A). All carriers are required to comply with these new indexed universal life (IUL) illustration regulations by December 14, 2020. The following are Securian Financial’s transition details and deadlines: Products impacted: Eclipse Accumulator IUL Eclipse Protector II IUL Eclipse Survivor II IUL Eclipse IUL-NY Important dates: Friday, November 20, 2020 — Illustrations based on the old AG 49 guidelines will no longer be available after this date. Saturday, November 21, 2020 noon – Central Time — Updated,
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Categories: Industry News, Life Insurance, and Securian.

Mutual of Omaha Medicare Advantage Plans

From the Desk of Tess Grace I am writing today with important information about Mutual of Omaha’s Medicare Advantage Plans. Mutual of Omaha has made the difficult decision to leave the Medicare Advantage market. We will not offer our CareAdvantage Medicare Advantage plans for the 2021 plan year. Our current plans will end on Dec. 31, 2020. Mutual of Omaha is notifying all current plan members and providing detailed information regarding Medicare options and deadlines. As the Medicare Open Enrollment period approaches, please know that Mutual of Omaha remains committed to the senior health market. We continue to offer excellent
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).