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.

In-Force Rate Action Announcement: Maine (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. Maine has now allowed the following increases: Maine AARP Product Series Increase Percentage Privileged Choice 26.3% Classic Select 26.3%     Maine Product Series Increase Percentage Privileged Choice 26.8% Classic Select 26.8% This rate increase applies to policies issued from Oct 1, 2004 through Dec 1, 2011     Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week
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Categories: Genworth, Industry News, and Long-Term Care.

GoldenCare Newsletter | January 21, 2019

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and training live webinars! To register, Click Here. Update Your Contracts Look for an upcoming LTC CEO Office, Home and Internet Selling Tools Software update, coming in the next couple weeks with all the latest tools! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find out how to get your copy here. Our Guest Article
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), and National Guardian Life.

In-Force Rate Action Announcement: New Mexico (Pre-PCS, PCS I, PCS II, Choice 1)

> PCS II with Stable Premium Option > 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. New Mexico has now allowed the following increases: New Mexico 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% Choice 1 15% 15%       This rate increase applies to non-AARP, non-partnership policies
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: California Partnership (PCS I, PCS II, Choice 1)

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. California has now allowed the following increases: California Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 40% phased 13.3%, 13.3%, 13.4% 40% phased 13.3%, 13.3%, 13.4% PCS II 40% phased 13.3%, 13.3%, 13.4% 40% phased 13.3%, 13.3%, 13.4% Choice 1 40% phased 13.3%, 13.3%, 13.4% 40% phased 13.3%, 13.3%, 13.4%       This rate increase
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Categories: Genworth, Industry News, and Long-Term Care.

GoldenCare Newsletter | January 7, 2019

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and training live webinars! To register, Click Here. Update Your Contracts Look for an upcoming LTC CEO Office, Home and Internet Selling Tools Software update, coming in the next couple weeks with all the latest tools! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find out how to get your copy here. Our Guest Article
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).