“Advantages, Disadvantages and Considerations for LTC Policy Buyouts”

 “Advantages, Disadvantages and Considerations for LTC Policy Buyouts,” by Jeff Anderson and Mike Bergerson, Long Term Care News   Quote: “The remainder of this article will explore the advantages and disadvantages of LTC policy buyouts from various stakeholder perspectives and discuss actuarial considerations for a carrier thinking about offering a buyout option.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: I attended a fascinating webinar today sponsored by Morgan Lewis and titled “Demystifying Cash Buyouts of Long-Term Care Insurance Policies.” My interest triggered, I did some research and found the subject article. It covers most of
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Categories: Clippings and Industry News.

“Improving the Long-Term Care Insurance Customer Experience”

“Improving the Long-Term Care Insurance Customer Experience,” by Peter Goldstein, ThinkAdvisor   Quote: “Over the past decade, life insurers and financial services firms have begun investing in a variety of capabilities meant to improve their customers’ experience. These include mobile apps and self-service portals designed to help people manage their policies and assets. Yet the long-term care insurance (LTC) insurance industry has been slow to make the same investments for a variety of reasons. … New technologies certainly have the potential to streamline key processes involved in LTC insurance, including application processing, underwriting and claim payments. To enable this shift, many LTC insurers are turning
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Categories: Clippings and Industry News.

“The situation is dire’: Provider group seeks $5 billion in COVID relief for senior living”

“‘The situation is dire’: Provider group seeks $5 billion in COVID relief for senior living,” by Lois A. Bowers, McKnight’s Senior Living   Quote: “The next COVID-19 relief package from the federal government must include $5 billion in funding for assisted living, independent living, memory care and continuing care retirement communities to help with personal protective equipment, staff and testing needs, Argentum said Friday. … To date, assisted living providers have been promised $3 billion, or 1.7%, of the total Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund, and have received even less, Argentum said. By comparison,
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Categories: Clippings, COVID-19, and Industry News.

Tax Bracket Risks Brochure Updated for 2021

When tax season arrives, your clients are likely thinking about the past year and the one ahead. But it’s also a good time to talk about the future and their tax situation when they retire. A properly-funded Income AdvantageSM IUL policy is a good way to help your clients plan ahead and minimize their tax risks in retirement. Our newly updated Tax Risks Brochure for 2021 can help you explain the advantages of an IUL policy to your clients. The updated brochure can be ordered through your normal supply channels beginning Friday, February 12, 2021.   Tax Bracket Risks Brochure
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for Kentucky, Mississippi, Michigan, Nebraska, and North Carolina.   e-App Guides and Instructional Tools Available Check our our newly updated Medicare supplement e-Application instructional video and updated Quick Start Guide. These tools are sure to assist you, as you enroll your clients in our Medicare supplement, PDP, and Dental plans.   #goldencareagent #mutualofomaha
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Categories: Dental, Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Changes to Section 7702

Changes to Section 7702 in COVID relief legislation Changes drive by low interest rate environment As part of The Consolidated Appropriations Act of 2021, signed into law on December 27, 2020, a change was made to Section 7702 of the Internal Revenue Code. This change outlined several requirements permanent life insurance policies must meet in order to qualify as a life insurance contract for tax purposes. Given the ultra-low interest rate environment, the change assists the life insurance industry by replacing the statutory interest rate assumptions (from 1984) from a previously hard coded 4% rate to a floating rate. These
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Categories: Industry News, Life Insurance, and Securian.

Achieving Together in 2021

Achieving Together in 2021 DENNIS MARTIN, PRESIDENT, ILFS   2021 is certainly off to a quick start! Already more than a month into the new year, I’m still enjoying the opportunity to look forward to the possibilities ahead in 2021. Before I share some of what I envision for both our industry and for OneAmerica® this year, I’d like to offer some well-deserved thanks to each of you. Despite the challenges of 2020, you showed fortitude, resilience and dedication. Your perseverance makes a meaningful impact on your clients and on our business, and we’re grateful and proud to work with
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Don’t miss exciting news at Guaranty Income

Good News for a Growing Company An Upgrade in Financial Rating, a New Hire and a Birthday all in the Start of 2021.   WE UPGRADED TO AN A Guaranty Income Life Insurance Company, a Kuvare life and annuity business based in Baton Rouge, Louisiana, received a financial strength rating of A (upgraded from A-) by KBRA. Joe Wieser, President of GILICO, commented, “This upgrade is a testament to GILICO’s financial strength, operating performance, and growing stature within the US annuity marketplace. We are proud of our outstanding results and long-term focus to deliver on the promises made to our
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Categories: COVID-19, Guaranty Income, Industry News, and Linked Benefit/Hybrids.

SureBridge Agent and Client Services

Greetings, First and foremost, on the behalf of all of us here at SureBridge, I would like to thank you for your business. We are very appreciative of the business you have placed and continue to place with us, and we value your commitment and partnership. We also remain committed to providing the quality of service you have come to expect. Due to the merging of operational systems and record volumes of new business, our agent and client services are experiencing delays in service times. In response, we have taken measures to ensure your business is handled properly and expediently.
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Categories: Dental, Industry News, and SureBridge.

REMINDER: DocuSign Electronic Signatures Accepted On Omaha LTCi Apps

Mutual of Omaha LTCi Applications & Electronic Signatures Remember, fillable fields are available and can be utilized when completing a Mutual of Omaha LTCi application (PDF version). Quickly and easy download forms here! Producers and agencies may use their own accounts with the following e-sign vendors for any business they submit with electronic signatures (outside our e-application): DocuSign, EsignLive, Alpha Trust and EchoSign (Adobe). Note: Any e-sign vendor signature certification data page capturing signature date, time and IP address must be submitted with new business documents. Some e-sign vendors list signature certification data within the signed document; some include details
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).