You’re Invited! | Let’s Increase Those Sales & Identify Opportunities

With concerns about meeting in person and restrictions on socializing in groups or gatherings, how do you find new prospects for your business? Join Jon Randall, Regional Director for 20+ years, to learn strategies to help build your business and increase sales by identifying new opportunities! Register now to reserve your space! Thursday, July 29, 2021 2:00 PM  to  2:30 PM CDT Whether you’re an industry veteran or new to the insurance profession, we’re certain you’ll find valuable take-aways from this presentation.       Questions or help registering? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Great moments in unintended LTC consequences”

“Great moments in unintended LTC consequences,” by Stephen A. Moses, McKnight’s LTC News Quote: “The year: 1965. The problem: People are living longer, dying slower and in desperate need of more long-term care. The solution: Provide Medicaid-financed nursing home care covering room and board as well as custodial and skilled care for anyone who can’t afford it otherwise and with no limit, for the first 15 years, on transferring assets to qualify. “Sounds like a great idea with the best of intentions. What could possibly go wrong?”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click
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Categories: Clippings and Industry News.

“Michael Gorzynski Now Controls a Long-Term Care Insurer”

“Michael Gorzynski Now Controls a Long-Term Care Insurer,” by Allison Bell, ThinkAdvisor Quote: “HC2 Holdings — a conglomerate that owns a wide range of companies — has succeeded at selling a long-term care insurance (LTCI) business. The firm announced Wednesday that it sold the business, Continental Insurance Group Ltd., to MG Capital Management Ltd. for $65 million in cash and about $25 million in Continental Insurance assets. … LTCI issuers have a reputation for being difficult to sell. MG Capital’s acquisition of Continental Insurance, for cash, could break the ice and lead to other LTCI issuer deals.”   LTC Comment, Stephen A.
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Categories: Clippings and Industry News.

“Gen Xers, millennials have less saved for retirement than previous generations: survey”

“Gen Xers, millennials have less saved for retirement than previous generations: survey,” by Kathleen Steele Gaivin, McKnight’s Senior Living Quote: “A national survey finds that members of Generation X (those born between 1965 and 1981) and millennials (born between 1981 and 1996) are more worried about retirement than the previous generations. Members of those two generations especially are concerned about their retirement security in the wake of the COVID-19 pandemic, according to the National Institute on Retirement Security. They were much more likely to spend down their ‘rainy day’ funds during the public health emergency, results show. … According to the
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Categories: Clippings and Industry News.

Home Care Secure Now Available in AR and PA

Home Care Secure is now available in Arkansas and Pennsylvania. This update is now available on Paper, the Agent Portal and on the e-App. Please update your e-App now to see this change. Log into the Agent Portal     Home Care Secure, a new short term home health care insurance offering underwritten by GTL, was developed by Home Care Genie and is being offered exclusively as a membership benefit in the Aging at Home Association. The product is available for sales in 19 states including: AL, AR, AZ, CO, GA, IA, IL, IN, KY, LA, MI, NE, NC, OH,
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Updated Hours of Operation for the Client Interview Team

Our Client Interview Team will continue to offer expanded operating hours Monday – Thursday for your convenience. NEW Operating Hours (Effective 8/1/2021) Monday – Thursday: 8:00 a.m. to 8:00 p.m. (CT) Friday: 8:00 a.m. to 5:00 p.m. (CT) Client Interview Team The Client Interview team supports client personal health history interviews for the following product lines: Simplified Issue Life Fully Underwritten Life Critical Illness Disability Income Contact (800) 775-3000: Simplified Issue Life, Fully Underwritten Life, Critical Illness and Disability Income Interviews (800) 749-8652: Disability Income Customer-Assisted e-App Interviews ONLY If you have any questions or concerns, please contact your Sales
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Long-Term Care Rider Minimum Face Amount Increase in the State of WA

Effective Thursday, July 22, 2021, for the State of Washington ONLY, Mutual of Omaha is increasing the minimum face amount required on all IUL insurance policy applications that include the long-term care rider to $250,000. This action is being taken to prevent individuals from applying for a life insurance policy with LTC to avoid the Washington State’s Long-Term Care Trust Act payroll tax deduction with no intention of keeping the policy in force. Mutual of Omaha has a responsibility to our policyholders and distribution partners to ensure our product offerings are used as designed, offering lasting life insurance and LTC
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Who is the IUL Express Client?

People often ask us who this product is designed for or who the target market is. The truth is, the IUL Express product is versatile. It is flexible enough to work for a wide variety of your clients’ needs, but it’s one thing for us to say it and another thing for us to demonstrate it. So, we asked one of our sales directors to pull a random sampling of 10 cases all placed in one single day. Even we were surprised by the flexibility of the IUL Express product. Watch this short IUL Express video to see what we
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Call to Action: Start the Long-Term Care conversation NOW!

From the Desk of Tom Randall Regardless of Which State They Live In…  the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustments Review upcoming rate adjustments in various states.   August Rate Release View the new rates for Alaska, Alabama, Missouri, Michigan, and Wisconsin effective August 1, 2021.   Why Choose Mutual of Omaha? Mutual of Omaha has a long-standing commitment to help you meet the needs of your senior-age clients, with our extensive Medicare Solutions Product Portfolio.   #goldencareagent #mutualofomaha
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Categories: Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).