GoldenCare Newsletter | February 19, 2019

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTC CEO Office, Home and Internet Selling Tools Software has been updated! This Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and  MORE! Get a sneak peek demo here and find out how you can get
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Categories: Genworth, GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), and Transamerica.

In-Force Rate Action Announcement: Wisconsin (Pre-PCS, Choice 1)

> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Wisconsin has now allowed the following increases: Wisconsin Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% Choice 1 55% 72%       This rate increase applies to non-AARP, non-partnership policies for Choice 1 policies issued on or after 1/1/2002. Communications Timeline Servicing agents will receive a list
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth Long Term Care Underwriting: Write it Right Webinar | 2/26/19

Genworth Long Term Care Underwriting: Write it Right Webinar    • Tuesday, February 26, 2019 at 11:00 AM Eastern / 12:00 PM Central Join us for a webinar where you will hear from Genworth’s Underwriting Managers Amy Chambers and RG McGann. This webinar is designed to help you with tips to increase your placement rates.   Tuesday, February 26, 2019 at 11:00 AM Eastern / 12:00 PM Central   Register using the link above. Seating is limited. Genworth will not be recording the call. After registering, you will receive a confirmation email containing information about joining the webinar.   #goldencareagent
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth Financial Announces Fourth Quarter 2018 Results

02/05/19 Fourth Quarter Net Loss Of $329 Million And Adjusted Operating Loss Of $291 Million Full Year Net Income Of $119 Million And Adjusted Operating Income Of $179 Million RICHMOND, Va., Feb. 5, 2019 /PRNewswire/ — All Required U.S. Insurance Regulatory Approvals Have Been Received For The Proposed Transaction With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Oceanwide Merger Agreement Deadline Extended To March 15, 2019; In Discussions With Canada Regarding National Security Matters Including Customer Data Protection U.S. Mortgage Insurance (MI) Full Year Adjusted Operating Income Of $490 Million, Increased 58 Percent Compared To 2017 U.S. MI’s PMIERs1 Sufficiency
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Pennsylvania (PCS I, PCS II)

> PCS II with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Pennsylvania has now allowed the following increases: Pennsylvania Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 20% 20% PCS II 20% 20%       This rate increase applies to non-AARP, non-partnership policies issued on or after 9/16/2002. Communications Timeline Servicing agents will receive a list of their impacted
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Delaware AARP (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Delaware has now allowed the following increases: Delaware AARP Product Series Increase Percentage Privileged Choice 28% Classic Select 28%     This rate increase applies to AARP® policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin February 12, 2019 and will continue throughout the next
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Nebraska: Blue Cross Blue Shield Private Label

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Nebraska has now allowed the following increases for: Blue Cross Blue Shield Private Label Policies Product Series and Form Numbers Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Series A P030B P031B P032B 223.4% phased 34.1%, 34.1%, 34.1%, 34.1% cumulative 309.1% phased 42.22%, 42.22%, 42.22%, 42.22% cumulative Series B P035A 285% phased 40.08%, 40.08%, 40.08%, 40.08% cumulative 425.7% phased 51.42%,
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: West Virginia (Pre-PCS, PCS I, PCS II)

> PCS II with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. West Virginia has now allowed the following increases: West Virginia Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% PCS I 55% 72% PCS II 55% 72%       This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: West Virginia (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. West Virginia has now allowed the following increases: West Virginia Product Series Increase Percentage Privileged Choice 20% Classic Select 20%     This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin January 29, 2019 and will continue throughout
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Ohio (Pre-PCS, PCS I, PCS II)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Ohio has now allowed the following increases: Ohio Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15%       This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to
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Categories: Genworth, Industry News, and Long-Term Care.