Good News! A.M. Best Affirms Mutual of Omaha’s Financial Rating A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. Mutual of Omaha has experienced favorable capital growth, with a notable increase in 2020 as a result of closing on its sale of Mutual of Omaha Bank, reinsurance transactions and strong operating performance, which have all helped increase its risk-adjusted capital levels. The organization is a large and well-established insurer. Mutual of Omaha’s suite of products, distribution network and partnerships continue to expand and
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“An afternoon nap could improve your cognitive abilities, study says’”
“An afternoon nap could improve your cognitive abilities, study says,” by Megan Marples, CNN Quote: “Taking an afternoon snooze could keep your brain sharp, a new study has said. Adults ages 60 and older who took afternoon naps showed signs of better mental agility compared to those who didn’t nap, according to a study published in General Psychiatry earlier this week.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Naps are refreshing? Who knew?
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“New York AG: Nursing Home COVID Deaths Undercounted by 50%, ‘Low Staffing Model Simply Snapped’”
“New York AG: Nursing Home COVID Deaths Undercounted by 50%, ‘Low Staffing Model Simply Snapped’,” by Alex Spanko, Skilled Nursing News Quote: “The attorney general of New York State on Thursday released a blistering report suggesting that COVID-19 deaths in the state’s nursing homes may have been undercounted by as much as 50%, while also describing an already insufficient staffing model collapsing under the pressure of the pandemic. … The report in particular called out for-profit facilities for maintaining low staffing levels prior to the pandemic, noting that 280 of the 401 for-profit facilities in the state had the lowest possible staffing
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“Group Sees Long-Term Care Insurance Claims Rising”
“Group Sees Long-Term Care Insurance Claims Rising,” by Allison Bell, ThinkAdvisor Quote: “Long-term care insurance (LTCI) providers paid $11.6 billion in benefits to 325,000 claimants in 2019. The American Association for Long-term Care Insurance (AALTCI) is reporting those figures in a new batch of LTCI market data. The total amount of LTCI benefits paid was 5.2% higher in 2020 than in 2019, and the number of claimants increased 4.8%, according to AALTCI. … The average amount of benefits paid per claimant increased to about $35,700, from about $35,500.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
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“American Academy of Actuaries Examines COVID-19’s Potential Impacts on Long-Term Care Insurance”
“American Academy of Actuaries Examines COVID-19’s Potential Impacts on Long-Term Care Insurance,” by American Academy of Actuaries, Cision PR Newswire Quote: “A new issue brief from the American Academy of Actuaries applies actuarial expertise to provide an understanding of how COVID-19 could impact long-term care insurance (LTCI), including LTCI delivery, demand, and markets, as well as new public policy considerations. … COVID-19 could have other meaningful impacts on LTCI, including: Mortality and morbidity changes if they affect claim periods and/or claims incidence compared to what was previously expected. Changes in the demand/delivery for long-term care services such as the increased use of
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Transamerica Discontinues Selling LTC
TRANSAMERICA TO DISCONTINUE STANDALONE LONG TERM CARE As announced December 10, 2020, on Capital Markets Day by Aegon CEO Lard Friese, Transamerica will discontinue sales of our individual, standalone Long Term Care (LTC) business on March 31, 2021. In addition, acceptance of applications under approved multi-life cases (worksite and association) will end on June 30, 2021. LTC riders on life insurance policies are not affected. The only impacted products are TransCare® II and TransCare® III. It’s important that you know your clients with existing policies are not impacted. Their customer experience will stay the same, and they will not experience
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National Guardian Life Acquires Everplans
NGL acquires Everplans, laying a foundation for expansion to become a digital leader in the insurance and employee benefit landscape We are pleased to announce the acquisition of Everplans, a New York City-based digital life-planning and organization company. Everplans will remain a separate entity and operate as a wholly owned subsidiary of NGL. Together these companies will be able to provide families across the country with easy, affordable and accessible ways to prepare for the unexpected, and be able to securely track and manage vital information throughout their lives, and during challenging times. “We have been helping people face life’s
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A.M. Best Reaffirms Financial Strength Rating of Mutual of Omaha & Its Subsidiaries
A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha has experienced favorable capital growth, with a notable increase in 2020 as a result of closing on its sale of Mutual of Omaha Bank, reinsurance transactions and strong operating performance, which have all helped increase its risk-adjusted capital levels. The
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GoldenCare Newsletter | January 25, 2021
Read Full GoldenCare Newsletter, January 25, 2021 Edition In this GoldenCare Newsletter Edition From GoldenCare: TOMORROW! SPECIAL: “Missing Link” Consumer Presentation Pro Tips Thurs, Jan 28, 2021 2:00 PM to 2:45 PM CST Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training. Stay up-to-date on the latest products and sales strategies. Check back for our next exciting promotion! Guest Article: “The COVID-19 Pandemic Has Upended The LTCi Market,” by Ayo Mseka, InsuranceNewsNet Enjoy! Compliance: US Holiday Telephone Solicitation Bans for the Month of February GoldenCare Agent Compliance Guide GoldenCare
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Get the “Missing Link” Consumer Presentation that has sold MILLIONS in LTCi
Click the image above for a message from Jeff Clark Tomorrow! Jeff will go through our field-proven Consumer Presentation. You’ll learn tips and strategies to make the most out of each and every meeting! Get the Consumer Presentation for attending! Thurs, January 28, 2021 2 p.m. CST Written for seminars or individuals, this proven presentation has helped thousands make a decision about LTCi coverage. Questions or help registering? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News
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