GoldenCare Newsletter | January 11, 2021

Read Full GoldenCare Newsletter, January 11, 2021 Edition In this GoldenCare Newsletter Edition From GoldenCare:   AVAILABLE ONE MORE DAY! Watch Now – 2020 Industry Updates On-Demand Video   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: “Genworth May Cut Remaining LTCI Sales and Marketing Operations,” by Allison Bell, ThinkAdvisor Enjoy!   Compliance: Understanding you Exposure with Telephone Solicitation GoldenCare Agent Compliance Guide GoldenCare Agent Marketing Guide   Industry Updates: From Mutual of
Read More

Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), Securian, and Thrivent.

AVAILABLE ONE MORE DAY! Watch Now – 2020 Industry Updates On-Demand Video

Our Industry Updates Recording Is Available On-Demand Did you miss GoldenCare’s Industry Updates – 2020 Year-End Grand Finale” webinar presentation yesterday? Due to the overwhelming number of requests, we’re pleased to make the recording of this presentation available on-demand for a limited time. Click here or click the image above to watch it now! Happy Selling and Success in 2021!     Click Here to add additional carriers & products to your appointments. Questions? Call our 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
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.

“Poor Performance of Long-Term Care Product Persists”

  “Poor Performance of Long-Term Care Product Persists,” by AM Best, Advisor Magazine Quote: “Loss ratios in the beleaguered U.S. long-term care (LTC) insurance market continue to climb for individual and group business, according to a new AM Best report. The Best’s Market Segment Report, ‘U.S. Long-Term Care Product Performance Pressures Continue,’ states that poor performance from inadequate pricing is a significant issue for LTC insurers, owing to low interest rates, lapse rates, improving mortality, rising morbidity and policyholder utilization assumptions.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: More woe for now as LTCI adjusts for
Read More

Categories: Clippings and Industry News.

“IRS Reversal: Expenses Paid With PPP Loan Funds Are Now Tax-Deductible”

  “IRS Reversal: Expenses Paid With PPP Loan Funds Are Now Tax-Deductible,” by Melanie Waddell, ThinkAdvisor Quote: “The Internal Revenue Service and Treasury Department issued new guidance Wednesday ending the prohibition on ‘double dipping’ when it comes to expenses paid with funds from Paycheck Protection Program loans. The new guidance allows ‘tax deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan under the Paycheck Protection Program.’ Previous guidance said that business expenses like rent, mortgage, utilities and salaries — deductible under normal circumstances — could not be
Read More

Categories: Clippings and Industry News.

“Trump Officials Approve Tennessee’s Controversial Request To Revamp Medicaid Funding”

  “Trump Officials Approve Tennessee’s Controversial Request To Revamp Medicaid Funding,” by Phil Galewitz, NPR Quote: “Instead of the open-ended federal contribution to the funding of Medicaid in all other states — which increases with higher enrollment and associated health costs — Tennessee will instead get a capped amount of money, via an annual block grant. The annual funding cap will increase if enrollment grows. What’s different is that, unlike with other states, Medicaid funding to Tennessee won’t automatically keep up with rising expenses.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Once the new Administration
Read More

Categories: Clippings and Industry News.

“New Analysis Finds Significant Financial Benefits Locked in Long-Term Care Insurance Policies Sold Fifteen to Twenty-Five Years Ago”

  “New Analysis Finds Significant Financial Benefits Locked in Long-Term Care Insurance Policies Sold Fifteen to Twenty-Five Years Ago,” by ATI Advisory, Cision PR Newswire Quote: “ATI Advisory, a research and advisory services firm working to transform the delivery of healthcare and aging services for older adults, and LeadingAge LTSS Center @UMass Boston released new analysis that shows significant benefit value contained in private long-term care insurance policies in force today. … ‘We estimate that among individuals who bought policies between 1995 and 2005, nearly $800B in benefit value is available to pay for LTSS expenses. To put this in context, in 2016,
Read More

Categories: Clippings and Industry News.

Good News | Industry Updates 2020 On-Demand Recording!

Good News!   Our Industry Updates Recording Is Available On-Demand Did you miss GoldenCare’s Industry Updates – 2020 Year-End Grand Finale” webinar presentation yesterday? Due to the overwhelming number of requests, we’re pleased to make the recording of this presentation available on-demand for a limited time. Click here or click the image above to watch it now! Happy Selling and Success in 2021! Read Full Good News Article   Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.

“Genworth to Shift to China Oceanwide Deal Backup Plan”

  “Genworth to Shift to China Oceanwide Deal Backup Plan,” by Allison Bell, ThinkAdvisor  Quote: “Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. today said they will shift to using a merger agreement without an end date. Genworth said it will begin executing a plan that serves as an alternative to the company being acquired by China Oceanwide. China Oceanwide has been trying to acquire Genworth since October 2016, in a deal with an estimated value of about $2.7 billion.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Better open-ended than never.  
Read More

Categories: Clippings and Industry News.

“The COVID-19 Pandemic Has Upended The LTCi Market”

  “The COVID-19 Pandemic Has Upended The LTCi Market,” by Ayo Mseka, InsuranceNewsNet Quote: “NAIFA’s 2020 Impact Week: Long-Term Care Conference was a treasure trove of information for financial professionals looking to enhance their knowledge of the limited and extended care planning and long-term care insurance markets. The online event was presented by NAIFA’s LECP Center, which gives agents and advisors the opportunity to network with service providers and gain information they can use to address the changing needs of the market.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click through for a brief summary
Read More

Categories: Clippings and Industry News.

“What’s Most Hurting the Financial Security of Older Americans”

  “What’s Most Hurting the Financial Security of Older Americans?,” by Ginger Szala, ThinkAdvisor     Quote: “Adults age 70 and older have increased their debt since the Great Recession — largely due to mortgage payments — and this hampers their ability to overcome ‘negative events’ as they age, according to a recent study by the Center for Retirement Research of Boston College. … The study also reveals that heavier debt burdens are likely to result in ‘more hardship’ for today’s older retirees. However, those ‘less well off’ retirees are increasingly vulnerable to both personal financial and economic shocks. … The authors state that
Read More

Categories: Clippings and Industry News.