Gerber Life Product Announcement: Important Changes Coming Soon

November 2017 Coming Soon — Important Changes to the Guaranteed Life Insurance Plan Gerber Life’s Guaranteed Life Insurance provides peace of mind by planning ahead to ease the burden of final expenses. This whole life insurance policy provides up to $25,000* to help pay medical bills, leftover debts and funeral costs. Regardless of your health, you can’t be turned down and the premiums are guaranteed to never increase.   Product Changes Effective December 7, 2017 Include: Updated marketing material New premiums Transition Rules: The Gerber Life Agent Portal will only have the new rates and updated application version (1117) as
Read More

Categories: Gerber Life, Industry News, and Life Insurance.

GoldenCare Newsletter | November 20, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Our office will be closed Thursday, November 23rd and Friday, November 24th for the Thanksgiving Holiday. We have two Guest Articles in this edition is  “LTC Product Sales Rise 12%: LIMRA,” by Allison Bell, ThinkAdvisor and ““Q&A Column,” Orlando Sentinel. Enjoy! Compliance: Holiday Solicitation Bans for the Month of November. Maryland Partnership – New Disclosure Requirement Maryland Update- LTC Partnership Disclosure Industry Updates: From Mutual of Omaha: Omaha’s Dental Insurance Now Available on the Mobile Quote App! Dental Insurance now in 29 States Broker Bonus Program Reminder (Legacy) Rate adjustments effective February 1, 2018 – CT,
Read More

Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Securian, and Transamerica.

Transamerica: Holiday Closure & Early Closing, Nov. 23-24

The Transamerica Long Term Care administrative office in Plano, TX will be closed Thursday, Nov. 23, and will close at 2 p.m. on Friday, Nov. 24, 2017, in honor of the Thanksgiving holiday. Please allow additional time if necessary to order and receive materials during that time. Much of the important materials and resources you may need will be continue to be available on our Agent Resource Center. Holiday Closure and Early Closing, Nov. 23-24 #goldencareagent #transamerica
Read More

Categories: Industry News and Transamerica.

Holiday Telephone Solicitation Bans for the Month of December 2017

Please be aware of the following holidays requiring a holiday telephone solicitation ban for the month of December. On Monday, December 25, 2017: Alabama, Louisiana, Mississippi, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of Christmas On Tuesday, December 26, 2017: Louisiana prohibits unsolicited marketing calls to residents in observance of a Governor declared holiday Holiday Telephone Solicitation Bans for the Month of December 2017 #goldencareagent #mutualofomaha
Read More

Categories: Industry News and Mutual of Omaha (& Affiliates).

Reward Your Clients for Healthy Lifestyles

Your clients don’t have to be Olympic-caliber athletes to qualify for the Fit Underwriting Program; they get credits for basic quality health maintenance. It’s helpful to think of Fit like this – your clients are Fit when both they and and their family are physically and financially Fit. People who have positive factors in the Fit categories tend to have better mortality. So, on those cases that might be mildly or moderately rated, when individuals have positive health factors, we offer extra mortality credits. Add Up the Savings Consider a case where your client is able to save $150 in
Read More

Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Maryland Partnership — New Disclosure Requirement

Maryland requires that applicants be provided with a disclosure statement about the Long-Term Care Insurance Partnership Program. “Important Disclosure Statement About the State of Maryland’s Long-Term Care Insurance Partnership Program (201304MD 10/01/17)” will meet this requirement. This point-of-sale disclosure must be provided to the applicant(s) when the application for long-term care insurance is completed. It will be provided with the Applicant Material as a “leave behind” disclosure.   Maryland Partnership — New Disclosure Requirement   #goldencareagent #genworth
Read More

Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (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. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 18% 72.8% phased 20% / 20% / 20% compounded PCS I 72.8% phased 20% / 20% / 20% compounded 72.8% phased 20% / 20% / 20% compounded PCS II 72.8% phased 20% / 20% / 20% compounded
Read More

Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (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. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage Privileged Choice 72.8% phased 20% / 20% / 20% compounded Classic Select 72.8% phased 20% / 20% / 20% compounded     This rate increase applies to Non-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
Read More

Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Nebraska (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. Nebraska has now allowed the following increase: Nebraska Non-AARP Product Series Increase Percentage Privileged Choice 2.0 Privileged Choice 2.1 37.4% 20.0% Classic Select 2.0 Classic Select 2.1 37.4% 20.0%     Nebraska AARP Product Series Increase Percentage Privileged Choice 20.4% phased 15% / 4.7% compounded Classic Select 20.4% 15% / 4.7% compounded     Communications Timeline Servicing agents will receive a list of their impacted policyholders
Read More

Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Iowa (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. Iowa has now allowed the following increase: Iowa Product Series Increase Percentage Privileged Choice 17.9% Classic Select 17.9%     This rate increase applies to both AARP and Non-AARP policies. 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 November 28, 2017 and will continue throughout the
Read More

Categories: Genworth, Industry News, and Long-Term Care.