“Can I Use a Medicaid Beneficiary’s Inheritance to Pay Her Assisted Living Facility Three Months in Advance?”

“Can I Use a Medicaid Beneficiary’s Inheritance to Pay Her Assisted Living Facility Three Months in Advance?,” ElderLawAnswers Quote: “Q: My mother is living in an assisted living facility and receiving Medicaid. If she receives an inheritance, can I pay three months in advance to the assisted living facility without jeopardizing Medicaid benefits? A: “It may be possible, but it is complicated. The receipt of the inheritance is income that must be reported to the Medicaid authorities. In theory, that would render your mother ineligible for Medicaid benefits during that month. … Generally, this is likely too complicated for the
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Categories: Clippings and Industry News.

“New form of dementia prevalent in 40% of older adults”

  “New form of dementia prevalent in 40% of older adults,” by Diane Eastabrook, McKnight’s Home Care Quote: “Researchers at the University of Kentucky’s Sanders-Brown Center on Aging said a form of dementia discovered three years ago could be prevalent in 40% of older adults and up to 50% in Alzheimer’s patients. The researchers published their findings on limbic-predominant age-related TDP-43 encephalopathy (LATE) in Acta Neuropathologica. … LATE symptoms mimic those of Alzheimer’s disease, including memory loss, problems thinking and reasoning in old age. However, researchers found LATE-affected brains look different from Alzheimer’s brains and therapies that work for one may
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Categories: Clippings and Industry News.

EssentialLTC E-APP Update & Juneteenth Office Closing

E-APP User Guide Beginning June 17, you now have the option of completing the agent statement and new business transmittal before the client portion of the E-APP. This step, which used to be contained in Step 2, will be moved into its own Pre-Step. This step can be completed at any time before moving on to Step 3. Click here to download the E-APP User Guide for more information.   Office Closed Monday, June 20 In observance of Juneteenth, NGL’s EssentialLTC administration office will be closed on Monday, June 20, 2022. Regular business hours will resume on Tuesday, June 21.
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Categories: Industry News and National Guardian Life.

Upcoming Lumico Med Supp rate adjustment on 8/1

Upcoming rate adjustment for Med Supp Effective August 1, there will be a rate adjustment for our Med Supp policies in select states. For policies underwritten by Lumico Life Insurance Company: AZ, GA, LA, MI, MN, MT, OH, SC and TX.* For policies underwritten by Elips Life Insurance Company: AR, AZ, DE, GA, IA, IL, LA, MI, NC, NE, OH, OK, SD, TX and UT. There will be a 30 day cut-off period for applications written in these states, from 7/1 – 7/31/22: Applications signed and received on or after 7/1, with a requested effective date on or after 8/1,
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Categories: Industry News, Lumico, and Medicare Supp./Adv..

LTCG Juneteenth Office Closing

Mutual of Omaha’s new business application processing vendor, LTCG, will be closed on Monday, June 20, 2022, in observance of the Juneteenth holiday. This closure includes the customer service department. Applications can still be submitted as normal and will be processed once the office reopens again on Tuesday, June 21, 2022, at 7:00 a.m. CT. Long-Term Care Customer Service Contact Information Phone Number: 1-877-894-2478 Hours of Operation: Monday – Fridays, 7 a.m. to 5 p.m. CT   If you have any questions, please reach out to your usual Mutual of Omaha contact.   LTCG Juneteenth Office Closing   #goldencareagent #mutualofomaha
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Be Sure to Discuss the Living Benefits of IUL Express

Indexed Universal Life Express (IUL Express) provides a host of benefits to your clients’ loved ones. The most important one is that their beneficiaries will receive a one-time death benefit in the amount your clients choose, ranging from $25,000 to $300,000.* This death benefit is paid directly to their beneficiaries to replace lost income and maintain their standard of living. In addition to the death benefit, IUL Express policies come with living benefits at no additional cost. The Accelerated Death Benefit Riders for terminal, chronic and critical illness**, may allow your clients to access a portion of the death benefit
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Now on LinkedIn: Mutual of Omaha Brokerage Sales Team!

We are very excited to announce the expansion of our social media presence to now include LinkedIn! Social media is an important facet in running your business and interacting with your clients. We value your commitment to maintaining a presence with your business on these platforms and want to provide you with top-notch content for the platforms you and your audience use the most. LinkedIn is the social media platform that understands the value of building professional relationships. The purpose behind the content we create and share on our Brokerage Sales Team LinkedIn profile is to help brokers continue to
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Next Steps in the LTC Application Process

Preparation is the key to a successful health interview. You just completed a long-term care application. Before ending the conversation, make sure your clients know what happens next. Preparing clients for the underwriting process can go a long way toward ensuring their applications get issued. Why? An interviewer may mistakenly assume confused applicants have cognitive issues that make them uninsurable. When in reality, an applicant may simply be distracted or not fully prepared to answer questions about their health, their doctors and their medications. Mutual of Omaha has a handy leave-behind brochure you can use to walk your clients through
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Updated marketing materials for California

Updated marketing materials for California California recently approved the re-branded consumer point-of-sale materials. Please replace any older versions with the revisions below. These materials can also be found on the Marketing tab for Thrivent’s traditional product in iPipeline’s FormsPipe tool (access available through GoldenCare’s agent website). Appointed agents may also download (or order hard copies) from www.tfltcstore.com. 31082CA – 4 Truths about Long Term Care – Consumer Product Brochure 36235CA – Strength and Commitment 33283 – What Does $100 a Month Buy Note: California materials are only available for the traditional LTCi solution. CareForward has not yet been approved by
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Categories: Industry News, Long-Term Care, and Thrivent.

IULs that are Simple-Flexible-Trusted

At Mutual of Omaha we want to make the decision easy when determining what solution best fits the needs of your clients. Our IULs are: Simple — The simple design of our products makes them easy to understand, illustrate and fund. They are straightforward and transparent IULs with one of the lowest cost structures in the industry. Flexible — We have 3 IULs that are all designed to meet the unique needs of a variety of clients. Including powerful built-in riders such as the Guaranteed Refund Option (GRO)* Rider and Chronic Illness Rider. Trusted — We understand that we are
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).