From the Desk of Marty Johnson Simplified Issue Life: Weekly Time Service Update Thank you for your continued support and patience as we work diligently to return to normal time service levels. We continue to increase our staff and work overtime on nights and weekends to ensure your business is handled properly, and as quickly as possible. Our current time service levels are listed below. Please note, business days do NOT include weekends. Most of the new business reviews are being handled within 3 business days Policies are issued on average 1-5 days after application review, depending on requirements needed
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Mutual Income Solutions (DI) Dashboard Update
From the Desk of Michael Sladek On Friday, May 7th, we noticed a system issue with the Mutual Income Solutions dashboard. We have been working diligently to resolve the issue however, as of today, the issue has not been resolved. What you need to know You can quote, submit, and view your cases on the dashboard as normal but your upline will not be able to view these cases. Important: The functionality of the Mutual Income Solutions e-application, quoting tool, and e-signature process is NOT impacted by this dashboard issue. Please continue to submit your business as you normally would.
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NGL – EssentialLTC Update
Annual Statements In the coming weeks, we will begin generating yearly statements on the anniversary date of inforce policies. The statement will provide the insured with policy information, coverage information, two privacy statements and a briefing on NGL’s financial strength. If you are the agent of record on a policy when the statement is generated, then you will receive a copy for your records. EssentialLTC Product Introduction Guide Looking for an overview of the features and benefits that EssentialLTC can provide your clients? The EssentialLTC Product Introduction Guide provides all of this in one place. It gives a breakdown
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NGL solidifies its commitment to Long Term Care insurance and gaining additional market share
With it’s recent upgrade to A (Excellent) from AM Best, National Guardian Life Insurance Company (NGL) is looking toward the future and solidifying its commitment to the Long Term Care insurance (LTCi) industry with its EssentialLTC long term care product. NGL believes that its diverse product mix, and history of financial strength and stability make it a go-to-choice for LTCi that customers can personalize within their budget. “As we look to the future, NGL is committed to further its expansion of our distribution into the long term care marketplace. NGL’s upgraded A (Excellent) rating from AM Best means we can
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UPDATE! | GTL Heritage Plan App Health Questions Updated
UPDATE! GTL’s Heritage Plan Application Update | Agent Portal GTL’s Heritage Plan applications now have updated underwriting questions. This change is currently available on the Agent Portal. The e-App update will be available soon. Previous applications will no longer be accepted as of Friday, May 14, 2021. GTL’s Heritage Plan Graded Benefit Whole Life Insurance is available for e-App submission only.Click to learn more about the product & application update GTL Heritage Plan State Availability Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! #goldencareagent
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You’re Invited! | Updated! Mutual of Omaha LTCi e-App Demo
Electronic applications have never been more fundamental in keeping your insurance business going. Join Jenn Felten for a video tutorial walking-through Mutual of Omaha’s LTC e-App. Attend for tips to avoid common mistakes, review different consumer signature options, and learn what to expect after submission! Register now to reserve your space! Tues, May 18, 2021 2:00 PM to 2:30 PM CDT 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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“Are You Prepared for the Staggering Cost of Long-Term Care?”
“Are You Prepared for the Staggering Cost of Long-Term Care?,” by Jeffrey Marshall, Marshall, Parker & Weber LLC Quote: “Each year Genworth surveys long-term care providers nationwide to determine the cost of various long term care services. The information collected can help consumers understand and plan to meet the cost of care in their preferred geographic location and care setting. Genworth recently issued its survey report for 2020. This article provides you with some highlights of the report with a focus on cost data specific to Pennsylvania. … Planning, preparation, and expert assistance are critically important. Pennsylvania residents can meet with an experienced elder law
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Clippings and Industry News.
“New Guidance Could Make Long Term Care in the U.S. Worse (Guest: Stephen Moses)”
“New Guidance Could Make Long Term Care in the U.S. Worse (Guest: Stephen Moses),” by Anne-Marie Schieber, Heartland Institute’s Health Care News Quote: “Stephen Moses, the president of the Center for Long Term Care Reform, joins the show to discuss a recommendation to Congress that could make nursing home care worse, not better. The MACPAC Commission, which advises Congress on the issue, is recommending that Medicaid make estate recoveries voluntary. What this means is that nursing home residents who have qualified for Medicaid coverage no longer have to pay the bill back from their estate, even if there are appreciable assets.
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Clippings and Industry News.
““New State Payroll Tax Will Provide for Long-Term Care Insurance”
“New State Payroll Tax Will Provide for Long-Term Care Insurance,” by Ryan Rogers, KIMA Quote: “Last month the state legislature passed a bill to implement a new payroll tax. … Zavala says people can opt-out of the tax if they buy their own long-term care policy.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Headlines like that guarantee this new program will do more harm than good. People see the lead, skip the story and think: “Oh well, another tax to pay, but at least I don’t have to worry about long-term care anymore.” Big mistake as
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Clippings, COVID-19, and Industry News.
“Social Security Sees Slowdown in Retiree Rolls Amid COVID Deaths”
“Social Security Sees Slowdown in Retiree Rolls Amid COVID Deaths,” by Alex Tanzi, ThinkAdvisor Quote: “About 80% of the people who died from the virus were 65 or older. U.S. life expectancy plunged by a full year in the first half of 2020. At the same time, more people say they plan to retire earlier than expected due to the pandemic. … The pandemic created a unique situation in 2020. While surveys show that many are retiring or planning to retire earlier than they once thought, deaths are removing hundreds of thousands of beneficiaries from Social Security rolls.” LTC Comment, Stephen A. Moses,
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Clippings, COVID-19, and Industry News.
