Each year, the original Partnership states (CA, CT, IN and NY) revisit and adjust minimum benefit requirements to qualify for their Partnership programs. The following information outlines the changes for 2017. Connecticut To qualify for Partnership in Connecticut, policies must meet these minimum daily/monthly benefit requirements: Requirements 2016 2017 Minimum Daily Benefit $256 $265 Minimum Monthly Benefit $7,787 $8,061   Indiana The daily and monthly Partnership minimums for policies issued in Indiana will not change in 2017. There is a new minimum total coverage amount for total asset protection. Requirements 2016 2017 Minimum Total Coverage for Total Asset Protection $336,927
Read More

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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequent to that announcement, we received approval for, and implemented, a 12.8% premium increase in Delaware. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In
Read More

Long-Term Care Insurance is important to you and your clients… whether they’re in perfect health or not. Do you have clients you assume would never qualify for long-term care insurance due to conditions like diabetes, prostate cancer or hepatitis B? Well, it’s time to take another look! TrueView’s improved underwriting processes address the real needs of real people. Check it out. TrueView Underwriting: Because Nobody’s Perfect #goldencareagent #Genworth
Read More

Licensing, Appointment and Product Guidelines For Long Term Care insurance, the policy will be issued based on the insured’s resident state and policy delivery is required in the same state. Consequently, the soliciting agent must also be licensed and appointed in the state in which solicitation occurs, and if different, also in the resident/delivery state of the insured. Agents should only solicit a prospective insured under circumstances in which the policy form being solicited is filed and approved in the state in which it is to be delivered, which in the case of LTCI is the resident state of the
Read More

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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequent to that announcement, we received approval for, and implemented, a 15% premium increase in Ohio. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In
Read More